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

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

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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Under India’s presidency, last year, the G20 emerged as as the voice of the Global South: PM Modi
November 21, 2024

Excellencies,

I welcome the valuable suggestions given and positive thoughts expressed by all of you. WIth respect to India’s proposals, my team will share all details with you, and we will move forward on all subjects in a time bound manner.

Excellencies,

Relations between India and CARICOM countries are based on our shared past experiences, our shared present day needs and our shared aspirations for the future.

India is totally committed to taking these relations to new heights. In all our efforts, we have focused on the concerns of the Global south, and its priorities.

Under India’s presidency, last year, the G20 emerged as as the voice of the Global South. Yesterday, in Brazil as well, i called on the global community to give priority to the countries of the Global south.

I am pleased that India and all our CARICOM friends agree that reforms are necessary in global institutions .

They need to mould themselves to today’s world and to today’s society. This is the need of the hour. In order to make this a reality, close cooperation with CARICOM and CARICOM's support are very important.

Excellencies,

The decisions taken at our meeting today, will add new dimensions to our cooperation in every sector. The India-CARICOM Joint Commission and Joint Working Groups will have an important role to play in implementing them.

In order to take our positive cooperation forward, I propose that the 3rd CARICOM Summit be organised in India.

Once again, I express my heartfelt gratitude to President Irfaan Ali, to Prime Minister Dickon Mitchell, to the CARICOM secretariat, and to all of you.