Text of Prime Minister's statement on the BRICS Business Council

Published By : Admin | July 16, 2014 | 01:20 IST

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Excellencies, 

Distinguished members of the Business Council 

Ladies and Gentlemen,

I believe, economic forces are becoming increasingly important in global relationships. 

Domains like Trade, Technology, Tourism, Talent and Tradition have the power to redefine existing paradigms. 

I am thus pleased, that we established, the BRICS Business Council, in Durban, last year.

It is important, that our business leaders lead the effort in promoting trade, investment and manufacturing ties, among our countries.

I appreciate the work done by the Council.

Various enabling agreements, and MoUs; have already been signed between BRICS Development Banks, to promote intra-BRICS trade and investment. 

I would suggest the Business Council work in close coordination with the Development Banks, and, the Contact Group on Trade and Investment Issues. 

The suggestions presented in the Annual Report are important. The Council should work closely with BRICS Sherpas to see how these suggestions can be taken forward.

I am also happy to note that the Council has gone beyond BRICS to make concrete proposals for contributing to the growth, and development of the larger African region.

India remains committed to partnering with African countries in their developmental initiatives.

I once again, express my appreciation for the good work that has been done.

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QuotePM commends the Delegations for championing India’s Stand on Terrorism

Prime Minister Shri Narendra Modi met the members of various delegations who represented India in different countries at his official residence in New Delhi today. These representatives played a crucial role in elaborating India’s commitment to peace and the need to eradicate the menace of terrorism. Shri Modi commended the delegations for their dedication in advancing India's voice on global platforms.

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In a post on X, he wrote:

“Met members of the various delegations who represented India in different countries and elaborated on India's commitment to peace and the need to eradicate the menace of terrorism. We are all proud of the manner in which they put forward India's voice.”