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India-Venezuela 2.0: PM Modi & President Delcy Rodríguez Launch "2026 Roadmap" for Global South Leadership
Summary: In a historic post-transition dialogue, PM Modi and Venezuela's Acting President Delcy Rodríguez have agreed on a "2026 Roadmap" to relaunch bilateral ties, focusing on oil privatization, digital public infrastructure, and pharmaceutical security.
A New Dawn in Caracas: PM Modi and Acting President Delcy Rodríguez Relaunch Strategic Partnership
New Delhi | Caracas: The geopolitical landscape of the Global South witnessed a tectonic shift on January 30, 2026, as Prime Minister Narendra Modi and Venezuela’s Acting President, Her Excellency Ms. Delcy Eloína Rodríguez Gómez, held a high-stakes telephonic conversation. This dialogue marks the first leadership-level engagement between the two nations since the dramatic political transition in Venezuela earlier this month.
The 2026 Roadmap: Beyond Oil
While energy has historically been the bedrock of India-Venezuela relations, the "2026 Roadmap" agreed upon by the leaders signals a massive diversification.
Energy Overhaul: Following Venezuela's recent move to open its oil sector to private investment, India-a long-standing buyer of Venezuelan crude-is poised for a major comeback.
Digital Transformation: The leaders discussed integrating India's UPI and Digital Public Infrastructure (DPI) to help modernize Venezuela’s financial systems.
Pharma & Health: Leveraging India’s "Pharmacy of the World" status to ensure a steady supply of affordable medicines to Caracas.
Sectors in Focus: Agriculture, mining, the automotive industry, and tourism were identified as new pillars for the partnership.
Voice of the Global South
The conversation transcended bilateral interests, focusing on the collective strength of developing nations. PM Modi and President Rodríguez underscored that India and Venezuela's cooperation is pivotal for the Global South, especially in navigating a shifting world order.
"We agreed to further deepen and expand our bilateral partnership in all areas, with a shared vision of taking India-Venezuela relations to new heights in the years ahead," PM Modi shared on 'X'.
Why This Matters Now
The timing is critical. As Venezuela seeks economic stabilization under Acting President Rodríguez, India's support provides both diplomatic legitimacy and a massive market for Venezuelan resources. For India, this secures a vital alternative energy source and expands its footprint in Latin America.
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