Prime Minister Narendra Modi also thanked Brazilian PresidentMichel Temer for "understanding India's aspiration" for membership of the Nuclear Suppliers Group.
"My country deeply appreciates Brazil's support for India's actions in combating terrorism," Modi said after a bilateral meeting with Temer, who is here for the 8th BRICS Summit which concluded yesterday.
"We agreed that the world must come together to fight this menace without distinction or discrimination," the Prime Minister said.
"Both bilaterally and multilaterally, the partnership between India and Brazil is filled with possibilities that we are keen to harvest," he said.
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Modi said the two countries made progress in opening new areas of cooperation in drug regulation, agricultural research and cyber security during Temer's visit.
"I am happy to note that India and Brazil are close to finalising the text of a bilateral investment agreement. President Temer and I have reviewed the full range of bilateral cooperation," he said.
"This visit (by Temer) takes place as both countries mark a decade of our strategic partnership," the Prime Minister said.
Modi and the Brazilian leader also witnessed exchange of four cross-sectoral MoUs between the two countries.
"We thank Brazil for understanding India's aspiration for
membership of the Nuclear Suppliers Group. We've made progress in cooperation in new areas including drug regulation, agri research and cyber security. Will work closely at UN, G20, G4, WTO, BRICS and IBSA," Modi said.
The Prime Minister said bilaterally and multilaterally, partnership between India and Brazil is filled with possibilities that the two countries were keen to harvest.
Modi thanked the Brazilian leader for positively considering request of greater market access and investment opportunities for Indian products and companies.
"President Temer and I met with our CEOs and are encouraged at steps they are taking to advance pragmatic collaboration.
"India can be a valuable partner in reviving Brazil's domestic economic agenda. I welcome Brazilian companies to invest and forge long term partnerships," he said
"Noting potential, we have agreed to scale up our engagement. This is in line with our mutual desire for a reinforced strategic partnership.
"We mark a decade of our strategic partnership. We are also joined together in shaping international context to support our common pursuits and endeavors," he said.
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"As part of our business-level meetings here, we noted that there is a keen interest on part of Brazilian business community to invest in India," Brazilian President Michel Temer said.
Temer also congratulated Modi for the "very successful" BRICS Summit.
"We all know that India in the past few years has experienced very substantial changes," he said, adding, it was another coincidence.
"Currently in Brazil, we are also setting out to changing our country beyond recognition," he said.
"Both our countries are among the world's largest democracies...We have a global presence," the Brazilian President added.
"Brazil and India have worked jointly at the UN level. We will send technical missions to visit India in areas of shared specific interest," Temer said.