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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India-Australia Roadmap for Sports Collaboration
July 10, 2026

Sports is a powerful bridge between India and Australia, bringing communities together and opening new pathways for collaboration.

Building on the 2023 MoU on Cooperation in Sports, the India-Australia Roadmap for Sports Collaboration sets out practical, future-focused priorities and opportunities to strengthen this cornerstone of our bilateral relationship.

Recognising the decade of opportunity ahead — including the 2030 Commonwealth Games in Ahmedabad, the Brisbane 2032 Olympic and Paralympic Games, and India’s ambition to host a future Olympic and Paralympic Games — this Roadmap identifies targeted areas of cooperation aligned to shared priorities, capabilities and resources.

Respecting differences in the governance of sport and the development of sport ecosystems in Australia and India, and recognising the leadership role of sporting bodies, businesses, state–level governments, universities and community groups in promoting elite and community sports, we are committed to facilitating engagement and supporting collaborative ways of working between relevant institutions, to encourage stronger sports partnerships at all levels that benefits both countries.

Implementation will be pragmatic and outcomes-focused, with activities prioritised in line with available resources and major event timelines.

Cooperation will be delivered through established partnerships, supported by flexible, demand-led arrangements, whereby responsibility for resourcing activities will be negotiated on a case-by-case basis. This approach ensures practical, sustainable and mutually beneficial outcomes.

In this context, the following have been identified as focus areas for collaboration under this Roadmap:

A. Capacity Building:

o Collaborate for sharing best practice in establishing and operating High-Performance Sports Centres in India in priority sports.

o Identify Para sport as a key priority and opportunity for collaboration, including Australian expertise in Para classification, coaching and performance support, with potential links between Indian and Australian universities where appropriate.

o Drawing on Australia’s coach development models, facilitate two-way exchanges that bring Indian coach and coach educators to Australia and Australian coaches and coach educators to India, using a Train the Trainer approach where appropriate.

o A physical education exchange programme between India and Australia may be introduced to facilitate mutual learning, sharing of best practices, and collaboration in areas such as school sports, sports science, and community participation in physical education.

o Recognising the physical and mental health benefits of yoga and the World Yogasana, the federation for yogasana sports based in India, identify opportunities to share knowledge, foster collaboration and encourage participation in yoga in Australia.

o Work with the Australian Sports Commission to build the capability of select Indian coaches as part of the India Australia High Performance Coach Development program.

o Explore opportunities through relevant non-government stakeholders such as sporting organisations and universities to support talented young Indian sportspersons as part of high-performance programs in Australia through student scholarships funded by Government of India.

B. Collaborative Sports Science and Technology Research:

o Encourage joint research and development projects between universities in India and Australia on athlete performance analytics, injury prevention, sports nutrition, wearable performance technology, recovery techniques and Para sport.

o Encourage partnerships between Indian and Australian universities to co-develop sports curriculums.

o Sport Integrity Australia and National Anti-Doping Agency India contribute to international anti-doping efforts by supporting World Anti-Doping Agency (WADA)-led capacity building programs through engagement with the WADA Asia/Oceania Office, and through representation on the UNESCO International Convention against Doping in Sport (Convention) Groups.

C. Major Sporting Events:

o Collaborate with Australian States and Territories, and National Sporting Organisations to exchange best practices for hosting large events.

o Explore opportunities to host exhibition matches and youth events in both countries to promote sports of mutual interest (such as Kabaddi and Kho Kho in Australia, and Australian Football League and basketball in India).

o Leverage the build-up to major sporting events such as Olympic, Paralympic and Commonwealth Games to establish formal, reciprocal arrangements between Indian and Australian sporting bodies for shared facilities, competitions and support networks during and in the build-up to major sporting events.

o Welcoming the inaugural Big Bash League match to be played in India in Chennai in December 2026, encourage Cricket Australia and the Board of Control for Cricket in India to work towards a commitment to host annual BBL matches in India.

D. Sports Industry and Investment Platform:

o Build on the Australia-funded Sports Industry Summit in Mumbai in December 2026 to promote collaboration between Indian and Australian companies on sports equipment manufacturing, sports media and broadcasting, event management, and sports start-ups.

o Facilitate Australian sports sector businesses in the Indian sports market through information sessions and vice-versa.

o Expand India’s export of high quality, competitively priced sports goods to Australia.

o Expand the export of Australian expertise in high performance sports, including coaching, coach development, strength and conditioning, athlete wellbeing, nutrition and psychology.

E. Women in Sports Partnership:

o Launch joint initiatives promoting women’s leadership, health, high performance and participation in sport, including bilateral tournaments for women athletes, drawing on the Australian Sports Commission’s flagship programs, recognising that sport is a powerful pathway for women’s economic empowerment, leadership, health and social inclusion.