Brief by Shorts91 Newsdesk / 07:53pm on 30 Jan 2026,Friday India Global
Prime Minister Narendra Modi held a significant call Friday with Venezuela's Acting President Delcy Rodríguez, agreeing to expand bilateral cooperation in trade, pharmaceuticals, and digital technology. Rodríguez was sworn in January 5 following Nicolás Maduro's removal via US military operation, creating a power vacuum. The former Vice President since 2018 has pivoted toward "reform and opening up," overhauling energy laws to permit oil sector privatization and foreign investment. For India, Venezuela's stabilization holds strategic energy importance as the nation possesses the world's largest proven oil reserves. Modi described the conversation as taking ties to "new heights" as Venezuela emerges from economic contraction, hyperinflation, and humanitarian crisis after a turbulent decade.
