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PM addresses 9th BRICS Business Council Summit in Xiamen

Published By : Admin | September 4, 2017 | 16:19 IST
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Your Excellencies,

President of the New Development Bank

Members of the BRICS Business Council

I am pleased to participate in this meeting with the BRICS Business Council. The work you do in the Business Council plays a vital role in giving practical shape to the vision of BRICS partnership. The partnerships you have forged and the networks you have created are energizing the economic growth stories in each BRICS country. At this meeting last year in Goa, there was a suggestion on closer cooperation between the NDB and BRICS Business Council. I am happy to note that you are entering into an MOU with the NDB.

Excellencies and Friends,


India is changing fast into one of the most open economies in the world today. Foreign Direct Investment inflows are at an all-time high, rising by 40 per cent. India has moved up in the World Bank Index of Ease of Doing Business. Similarly, we have moved up 32 spots in last two years in the Global Competitiveness Index. The Goods and Services Tax that was introduced in July is India’s biggest economic reform measure ever. In one stroke, a unified market of 1.3 billion people has been created. Programmes like Digital India, Start Up India and Make in India are changing the economic landscape of the country. They are assisting India turn into a knowledge based, skill supported and technology driven society.

Excellencies and Friends,

I am happy to note that the BRICS Business Council also has matching priorities of trade & investment facilitation, promoting skills development, infrastructure development, SME Development, e-commerce and digital economy. Many productive recommendations have come out of your deliberations. Your work towards establishment of a BRICS Rating Agency, energy cooperation, green finance, and digital economy is particularly noteworthy. Let me conclude by saying that as Governments, we will offer full support to your endeavours. And we also count on the BRICS Business Council to take us closer to our common objective of improving business and investment cooperation.

Thank you.

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PM Modi addresses the Parliament of Guyana
November 21, 2024


Prime Minister Shri Narendra Modi addressed the National Assembly of the Parliament of Guyana today. He is the first Indian Prime Minister to do so. A special session of the Parliament was convened by Hon’ble Speaker Mr. Manzoor Nadir for the address.

In his address, Prime Minister recalled the longstanding historical ties between India and Guyana. He thanked the Guyanese people for the highest Honor of the country bestowed on him. He noted that in spite of the geographical distance between India and Guyana, shared heritage and democracy brought the two nations close together. Underlining the shared democratic ethos and common human-centric approach of the two countries, he noted that these values helped them to progress on an inclusive path.

Prime Minister noted that India’s mantra of ‘Humanity First’ inspires it to amplify the voice of the Global South, including at the recent G-20 Summit in Brazil. India, he further noted, wants to serve humanity as VIshwabandhu, a friend to the world, and this seminal thought has shaped its approach towards the global community where it gives equal importance to all nations-big or small.

Prime Minister called for giving primacy to women-led development to bring greater global progress and prosperity. He urged for greater exchanges between the two countries in the field of education and innovation so that the potential of the youth could be fully realized. Conveying India’s steadfast support to the Caribbean region, he thanked President Ali for hosting the 2nd India-CARICOM Summit. Underscoring India’s deep commitment to further strengthening India-Guyana historical ties, he stated that Guyana could become the bridge of opportunities between India and the Latin American continent. He concluded his address by quoting the great son of Guyana Mr. Chhedi Jagan who had said, "We have to learn from the past and improve our present and prepare a strong foundation for the future.” He invited Guyanese Parliamentarians to visit India.

Full address of Prime Minister may be seen here.