Text of Prime Minister's statement on the BRICS Business Council

Published By : Admin | July 16, 2014 | 01:20 IST

Excellencies, 

Distinguished members of the Business Council 

Ladies and Gentlemen,

I believe, economic forces are becoming increasingly important in global relationships. 

Domains like Trade, Technology, Tourism, Talent and Tradition have the power to redefine existing paradigms. 

I am thus pleased, that we established, the BRICS Business Council, in Durban, last year.

It is important, that our business leaders lead the effort in promoting trade, investment and manufacturing ties, among our countries.

I appreciate the work done by the Council.

Various enabling agreements, and MoUs; have already been signed between BRICS Development Banks, to promote intra-BRICS trade and investment. 

I would suggest the Business Council work in close coordination with the Development Banks, and, the Contact Group on Trade and Investment Issues. 

The suggestions presented in the Annual Report are important. The Council should work closely with BRICS Sherpas to see how these suggestions can be taken forward.

I am also happy to note that the Council has gone beyond BRICS to make concrete proposals for contributing to the growth, and development of the larger African region.

India remains committed to partnering with African countries in their developmental initiatives.

I once again, express my appreciation for the good work that has been done.

Explore More
Today, the entire country and entire world is filled with the spirit of Bhagwan Shri Ram: PM Modi at Dhwajarohan Utsav in Ayodhya

Popular Speeches

Today, the entire country and entire world is filled with the spirit of Bhagwan Shri Ram: PM Modi at Dhwajarohan Utsav in Ayodhya
Slovak nationals welcome PM Modi with Vande Mataram, folk dance performances

Media Coverage

Slovak nationals welcome PM Modi with Vande Mataram, folk dance performances
NM on the go

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...

Your Excellency,
Prime Minister Fico,
Delegates from both countries,
Friends from the media,
Namaskar!

“Dobrý deň”

I express my heartfelt gratitude to Prime Minister Fico for the warm and gracious welcome extended to us.

He is not only an experienced leader, but also a true friend of India. His friendship and unwavering commitment have played a significant role in elevating India-Slovakia relations to new heights. I am pleased that, through my meeting with him today, I had the privilege of witnessing a historic moment in our bilateral relationship.

This visit of mine marks the first-ever visit by an Indian Prime Minister to Slovakia. I am delighted that, on this historic occasion, we have decided to elevate our relationship to the level of a Comprehensive Partnership. This reflects our shared trust, shared priorities, and shared future.

Friends,

Today, the Prime Minister and I held detailed discussions on imparting new direction and renewed momentum to our cooperation. The progress being made in our bilateral trade and economic cooperation is a matter of satisfaction for us.

However, our capabilities are vast, and our aspirations are even greater. Automobiles, railways, advanced manufacturing, and green technologies are areas of particular interest for us. In all these sectors, we have today taken several important decisions by combining our strengths for the welfare of the people of both countries.

I express my special gratitude to the Prime Minister for Slovakia’s support in finalising the India–EU FTA. We will work towards its earliest possible implementation so that industries, start-ups, and traders from both countries can derive maximum benefit from it.

Friends,

Technology is an important pillar of our future partnership. The MoU signed today on digital technology will open new avenues for cooperation in Digital Public Infrastructure.

I am pleased that an India Chair on AI is being established at a university in Slovakia. It is our shared belief that AI should become a powerful instrument for the service and progress of humanity. We believe that the future of AI should be founded not only on innovation, but also on trust, responsibility, and human dignity.

There is tremendous potential for expanding our cooperation in the space sector. In 2017, Slovakia’s first satellite was launched by India. Today, India’s space sector is reaching new heights at an unprecedented pace. I invite Slovak companies to become part of this growth journey.

Civil nuclear energy is also a key area of priority for both countries. We emphasised enhancing cooperation between the industries and experts of both nations in this sector.

Defence cooperation is a reflection of our deep mutual trust and strategic convergence. I am pleased that today we signed a Letter of Intent in this important sector. This will provide fresh momentum to joint development, joint production, and cooperation between the defence industries of both countries.

Friends,

India and Slovakia are also moving forward in close coordination on the global stage. We agree that all disputes and tensions should be resolved through peaceful means. Together with all our partners, we will continue to work in this direction.

We also agree that global institutions must redefine themselves in accordance with the realities and challenges of the twenty-first century. We will work towards strengthening global efforts on this issue.

Friends,

Deep cultural and people-to-people ties between our two countries provide a strong foundation for our relationship. The translation of India’s ancient Upanishads into the Slovak language is an excellent example of our cultural closeness.

People of Indian origin living in Slovakia are making significant contributions to its economy and society. To enhance the mobility of professionals and skilled workers between our two countries, we have today announced an MoU on labour migration. We will also soon finalise the MoU on social security.

Excellency,

I once again express my heartfelt gratitude for today’s highly meaningful discussions and for your positive outlook towards India.

On behalf of 1.4 billion Indians, I extend an invitation to you to visit India. I am pleased that you have accepted this invitation as well. We look forward to warmly welcoming you.

I am confident that our Comprehensive Partnership will serve as the foundation for new opportunities, shared prosperity, and a brighter future for our people in the years to come.

Thank you very much. Namaskar.