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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Prime Minister condoles loss of lives due to collapse of a bridge in Vadodara district, Gujarat
July 09, 2025
QuoteAnnounces ex-gratia from PMNRF

The Prime Minister, Shri Narendra Modi has expressed deep grief over the loss of lives due to the collapse of a bridge in Vadodara district, Gujarat. Shri Modi also wished speedy recovery for those injured in the accident.

The Prime Minister announced an ex-gratia from PMNRF of Rs. 2 lakh to the next of kin of each deceased and Rs. 50,000 for those injured.

The Prime Minister’s Office posted on X;

“The loss of lives due to the collapse of a bridge in Vadodara district, Gujarat, is deeply saddening. Condolences to those who have lost their loved ones. May the injured recover soon.

An ex-gratia of Rs. 2 lakh from PMNRF would be given to the next of kin of each deceased. The injured would be given Rs. 50,000: PM @narendramodi"