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

Prime Minister Shri Narendra Modi addressed the BRICS Business Forum, on the sidelines of BRICS Summit in Brazil today. Heads of states of other BRICS countries, also addressed the Business Forum.

Speaking on the occasion, PM Shri Narendra Modi said that BRICS countries account for 50% of the world's economic growth. Despite recession at the global level, BRICS countries accelerated economic growth, drove millions out of poverty and achieved new breakthroughs in technology and innovation, he added.

Prime Minister wished that Intra-BRICS trade and investment targets should be more ambitious and invited their suggestions to further reduce the cost of trade between the BRICS countries. PM also suggested that by the next BRICS Summit, at least five areas should be identified in which joint ventures can be formed between the BRICS countries on the basis of complementarities. 

Prime Minister said that Important initiatives such as innovation BRICS Network, and BRICS Institution for Future Network will be considered for discussions during the summit tomorrow. He requested the private sector to join these efforts focused on human resources. He also suggested that the five countries should also consider a Mutual Social Security Agreement. 

Prime Minister said that India is the world's most open and investment friendly economy due to political stability, predictable policy and business friendly reforms. 

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Prime Minister condoles the passing of Father Amir of State of Qatar HH Sheikh Hamad bin Khalifa Al Thani
July 12, 2026

The Prime Minister, Shri Narendra Modi, has expressed deep grief over the passing of the Father Amir of the State of Qatar, HH Sheikh Hamad bin Khalifa Al Thani.

The Prime Minister described him as a visionary leader who led Qatar to great levels of development and prosperity. Shri Modi also remembered him as a true friend whom he had the honour of meeting during his visit to Qatar in February 2024.

The Prime Minister conveyed his sincere condolences to the Amir of Qatar, HH Sheikh Tamim bin Hamad Al Thani, the entire royal family and the people of Qatar.

The Prime Minister wrote on X;

“We deeply mourn the passing of Father Amir of State of Qatar, HH Sheikh Hamad bin Khalifa Al Thani. A visionary leader who led Qatar to great levels of development and prosperity, we remember him also as a true friend whom I had the honour of meeting during my last visit to Qatar in February 2024. I convey my sincere condolences to the Amir of Qatar, HH Sheikh Tamim bin Hamad Al Thani and the entire royal family and people of Qatar. May the departed soul rest in eternal peace.

@TamimBinHamad”