ಶೇರ್
 
Comments
Intra-BRICS trade and investment targets should be more ambitious: PM
India is the world's most open and investment friendly economy due to political stability, predictable policy and business friendly reforms: PM
Prime Minister Shri Narendra Modi addresses BRICS Business Forum

Your Excellencies,
Distinguished Participants of BRICS Business Forum,

Namaskar,
Good Evening.


I am very happy to join the BRICS Business Forum. The 11th BRICS Summit program has started with this forum. I congratulate the President of Brazil, the organizers of this forum and all the participants for making Business a priority.

Friends,

BRICS countries account for 50% of the world's economic growth. Despite the recession in the world, the BRICS countries accelerated economic development, drove millions of people out of poverty and achieved new breakthroughs in technology and innovation. Now ten years after the founding of BRICS, this forum is a good platform to discuss the direction of our efforts in the future.

Friends,

Simplifying intra-BRICS business will increase mutual trade and investment. Tax and Customs procedures between us five countries are getting easier. The business environment is getting easier with the collaboration between Intellectual Property Rights, and Banks. I request the BRICS Business Forum to study the necessary business initiatives to take full advantage of the opportunities thus generated.

Intra-BRICS business and investment targets should be ambitious. Your suggestions will be helpful to further reduce the cost of trade between us.

I would also like to request that priority areas in business be identified among us for the next ten years and based on them blue print of Intra-BRICS collaboration should be made.

Friends,

Our market size, diversity and our complementarities are very beneficial to each other. For example, if there is technology in one BRICS country, then in other are present the related raw materials or markets. Such possibilities are especially present in electric vehicles, digital technology, fertilizer, agricultural products, food processing, etc. I would urge the Forum to map such complementarities in five countries. I would also like to suggest that at least five such areas should be identified by the next BRICS Summit in which joint ventures can be formed between us on the basis of complementarities.

Friends,

The BRICS countries are well known for the hard work, talent and creativity of their people. Important initiatives like innovation BRICS Network, and BRICS Institution for Future Network will be considered during tomorrow's summit. I request the private sector to join these efforts focused on human resources. Connecting young entrepreneurs with these initiatives will also give more strength to business and innovation

Friends,

There are possibilities of making tourism, business and employment between our countries more easy. I thank the President of Brazil for giving the visa free entry to Indians. We five countries should also consider mutual Social Security Agreement.

Friends,

You will be familiar with India's continued progress in indexes such as Ease of Doing Business, Logistic Performance and Global innovation. Due to the time limit, I would just like to say that India is the most open and investment friendly economy in the world due to Political Stability, Predictable Policy and Business Friendly Reforms. By 2024, we want to make India a five trillion dollar economy. The infrastructure alone requires $ 1.5 trillion investment.

India has immense possibilities, countless opportunities. To take advantage of them, I invite the business of BRICS countries to build up and grow their presence in India.

Thank you very much.

20 ವರ್ಷಗಳ ಸೇವಾ ಮತ್ತು ಸಮರ್ಪಣದ 20 ಚಿತ್ರಗಳು
Explore More
ಚಾಲ್ತಾ ಹೈ' ವರ್ತನೆಯನ್ನು ಬಿಟ್ಟು  ಮತ್ತು ' ಬದಲ್ ಸಕ್ತ ಹೈ'  ಬಗ್ಗೆ ಯೋಚಿಸುವ ಸಮಯವಿದು : ಪ್ರಧಾನಿ ಮೋದಿ

ಜನಪ್ರಿಯ ಭಾಷಣಗಳು

ಚಾಲ್ತಾ ಹೈ' ವರ್ತನೆಯನ್ನು ಬಿಟ್ಟು ಮತ್ತು ' ಬದಲ್ ಸಕ್ತ ಹೈ' ಬಗ್ಗೆ ಯೋಚಿಸುವ ಸಮಯವಿದು : ಪ್ರಧಾನಿ ಮೋದಿ
Forex reserves surge by $58.38 bn in first half of FY22: RBI report

Media Coverage

Forex reserves surge by $58.38 bn in first half of FY22: RBI report
...

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
Prime Minister participates in 16th East Asia Summit on October 27, 2021
October 27, 2021
ಶೇರ್
 
Comments

Prime Minister Shri Narendra Modi participated in the 16th East Asia Summit earlier today via videoconference. The 16th East Asia Summit was hosted by Brunei as EAS and ASEAN Chair. It saw the participation of leaders from ASEAN countries and other EAS Participating Countries including Australia, China, Japan, South Korea, Russia, USA and India. India has been an active participant of EAS. This was Prime Minister’s 7th East Asia Summit.

In his remarks at the Summit, Prime Minister reaffirmed the importance of EAS as the premier leaders-led forum in Indo-Pacific, bringing together nations to discuss important strategic issues. Prime Minister highlighted India’s efforts to fight the Covid-19 pandemic through vaccines and medical supplies. Prime Minister also spoke about "Atmanirbhar Bharat” Campaign for post-pandemic recovery and in ensuring resilient global value chains. He emphasized on the establishment of a better balance between economy and ecology and climate sustainable lifestyle.

The 16th EAS also discussed important regional and international issues including Indo-Pacifc, South China Sea, UNCLOS, terrorism, and situation in Korean Peninsula and Myanmar. PM reaffirmed "ASEAN centrality” in the Indo-Pacific and highlighted the synergies between ASEAN Outlook on Indo-Pacific (AOIP) and India’s Indo-Pacific Oceans Initiative (IPOI).

The EAS leaders adopted three Statements on Mental Health, Economic recovery through Tourism and Sustainable Recovery, which have been co-sponsored by India. Overall, the Summit saw a fruitful exchange of views between Prime Minister and other EAS leaders.