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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.

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I am a sevak, have come here to give account of BJP's achievements before people of Jharkhand, says PM Modi in Dumka
Opposition built palaces for themselves and their families when in power; they are not worried about people’s troubles: PM Modi in Jharkhand
Congress, allies have raised storm over citizenship law, they are behind unrest and arson: PM Modi in Dumka

The campaigning in Jharkhand has gained momentum as Prime Minister Shri Narendra Modi addressed a mega rally in Dumka today. Accusing Congress and the JMM, PM Modi said, “They do not have any roadmap for development of Jharkhand, nor do they have done anything in the past. But we understand your problems and work towards solving them.”

Hitting out at the opposition parties, he said, “The ones whom people of Jharkhand had trusted just worked for their own good. Those people had to be punished by you, but they are still not reformed. They have just been filling their treasury.”

Talking about the Citizenship Amendment Act, PM Modi said that to give respect to the minority communities from Pakistan, Afghanistan, & Bangladesh, who fled to India & were forced to live as refugees, both houses of parliament passed the Citizenship Amendment bill. “Congress and their allies are creating a ruckus. They are doing arson because they did not get their way. Those who are creating violence can be identified by their clothes itself. The work that has been done on Pakistan's money is now being done by Congress,” he said.

The Prime Minister outlined the progress and development successes of the Jharkhand. He said, “Before 2014, the Chief Minister of the state used to claim the construction of 30-35 thousand houses and described it as their achievement. But now we are moving forward with the resolve that every poor person in the country should have their own house.”

Addressing a poll meeting in Dumka, PM Modi said, "The BJP governments at the Centre and the state would continue to protect Jharkhand's 'jal', 'jungle' and 'jameen', no matter what the opposition parties say."

“In Jharkhand, the institutes of higher education, engineering and medical studies like IIT, AIIMS were opened, this is also done by BJP,” asserted PM Modi in Jharkhand's Dumka district. Also, the PM urged citizens of Jharkhand to come out and vote in large numbers.