In July 2014 , he visited Brazil for his first multilateral visit , the 6th BRICS summit was held at the north-eastern beach city of Fortaleza . In the Fortaleza summit the group have agreed to establish a financial institution rivaling the Western-dominated World Bank and IMF , The bank would be named the New Development Bank as suggested by the Indian side but the Modi government failed to bag the bank 's headquarters for New Delhi . Later the BRICS leader also attended an event in Brasilia where they met the UNASUR heads of government . At the same time , the Ministry of External Affairs added Spanish to its list of available languages , which the '' Hindustan Times '' read as " indicative of the government 's intent to go beyond Europe , Asia and the US to forge diplomatic and trade ties with Latin American nations . " He travelled there via Germany
6th BRICS summit
6th BRICS summit
Brazil–India relations