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Promoting economic and commercial engagement has been a foundational impulse in creation of BRICS: PM
Business communities are strongest proponents for closer & faster commercial cooperation: PM
We have transformed India into one of the most open economies in the world today: PM
NDB has kept clean energy, green & sustainable infra as its priority. We welcome it: PM

Your Excellency President Xi Jinping,

Your Excellency President Jacob Zuma,

Your Excellency President Michel Teme,

Your Excellency President Vladimir Putin, 

Distinguished Members of the BRICS Business Council.

It gives me great pleasure to welcome you to this meeting with the BRICS Business Council.

The Council reflects the full economic diversity and depth of business engagement between our countries.

I thank their contribution to the BRICS agenda of building inclusive economies through responsive and collective solutions.

Excellencies and Friends,

Promoting economic and commercial engagement has been a foundational impulse in the creation of BRICS.v It is, therefore, encouraging to see the BRICS Business Council take healthy shape three years after we set it up in Durban.

Our business communities are the strongest proponents for closer and faster commercial cooperation among BRICS.

Their partnerships create wealth and value in our societies.v And, enhance productivity and create jobs in our economies through technological innovations and capacity addition.

I applaud that vision. I share that vision.

Excellencies,

In India, we have undertaken substantial reforms in the last two years to streamline and simplify governance, especially doing business in India.

The results are clearly visible.

We have moved up in almost all global indices that measure such performances.

We have transformed India into one of the most open economies in the world today.

Growth is strong and we are taking steps to keep the momentum going.

I am happy to note that the BRICS Business Council also has matching priorities of ease of doing business, dismantling trade barriers, promoting skills development, establishing manufacturing supply chains and infrastructure development.

The Council’s work holds much promise for expansion of trade and business among BRICS countries.

Excellencies,

The New Development Bank is fully operational now. Its success is a concrete result of our common efforts.

We congratulate the NDB and its management for commencing the first batch of projects.

NDB has kept clean energy and green and sustainable infrastructure as its priority.

We welcome it.

We would encourage the BRICS Business Council to work closely with the NDB on identifying and implementing prospective economic projects.

India hosted the First BRICS Trade Fair in New Delhi two days ago with active participation from all your countries.

Such activities must be promoted to generate greater business awareness and commercial exchanges.

Excellencies,

Let me conclude by saying that as Governments, we count on the BRICS Business Council to work with us to achieve our common aim of:

Strengthening mutual trade;
Enhancing business opportunities;
Building investments linkages;
Promoting innovation; and
and removing bottlenecks to intra-BRICS commerce.
In a little while, we will hear from the BRICS Business Council and the leadership of NDB.

Thank you. Thank you very much.

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There is no substitute to testing, tracking and treatment: PM
All necessary measures must be taken to ramp up the availability of hospital beds for Covid patients: PM
Local administrations need to be proactive and sensitive to people’s concerns: PM
PM reviewed the status of supply of Remdesivir and other medicines
Installation of approved medical oxygen plants should be accelerated: PM
Utilize the entire national capacity to ramp up vaccine production: PM

Prime Minister Narendra Modi chaired a meeting to review the status of preparedness to handle the ongoing Covid-19 pandemic. Various aspects relating to medicines, oxygen, ventilators and vaccination were discussed.

The Prime Minister said that together India had defeated Covid last year & India can do it again, with the same principles but faster speed and coordination.

The PM stressed that there is no substitute to testing, tracking and treatment. Early testing and proper tracking remains key to reduce mortality. He also said that local administrations need to be proactive and sensitive to people’s concerns.

The Prime Minister directed that close coordination with States must be ensured in handling the pandemic. He said that all necessary measures must be taken to ramp up the availability of hospital beds for Covid patients. The Prime Minister also directed that additional supply of beds through temporary hospitals and isolation centres should be ensured.

PM spoke about the need to utilize the full potential of India’s pharmaceutical industry to meet the rising demand of various medicines. He reviewed the status of supply of Remdesivir and other medicines. The Prime Minister was briefed on actions taken to address the issue of availability of Remdesivir. Through the efforts of the Government, capacity and production augmentation for manufacturing of Remdesivir has been ramped up to provide around 74.10 lakh vials/month in May while the normal production output in January-February being just 27-29 lakh vials/month. Supplies have also increased from 67,900 vials on 11th April going up to over 2,06,000 vials on 15th April 2021 which are being particularly focused on states with high caseload and high demand. He took note of the ramped up production capacity, and directed that issues relating to real-time supply chain management to States must be resolved urgently in coordination with the States. The Prime Minister directed that use of Remdesivir and other medicines must be in accordance with approved medical guidelines, and that their misuse and black marketing must be strictly curbed.

On the issue of supply of medical oxygen, the Prime Minister directed that the installation of approved medical oxygen plants should be sped up. 162 PSA Oxygen plants are being installed in 32 States/UTs from PM CARES. The officers informed that 1 lakh cylinders are being procured & they will be supplied to states soon. The officers briefed the PM that they are in constant supply with 12 high burden states in assessing the current and future requirement of medical oxygen. A supply mapping plan for 12 high burden states till 30th April has also been undertaken. The Prime Minister also said that supply of oxygen required for production of medicines and equipment necessary to handle the pandemic should also be ensured.

The Prime Minister also reviewed the status of availability & supply of ventilators. The Prime Minister noted that a real time monitoring system has been created, and directed that concerned State governments should be sensitized to use the system proactively.

On the issue of vaccination, the Prime Minister directed all officials to make efforts to utilize the entire national capacity, in public as well as private sector, to ramp up vaccine production.

He was joined by Cabinet Secretary, Principal Secretary to PM, Union Home Secretary, Union Health Secretary, Pharma Secretary. Dr V K Paul, Niti Aayog was also present.