Business & Finance

BRICS: PM Modi in Brazil, to meet Russian and Chinese President

The BRICS countries will also look to enhance cooperation on digital economy and build mechanisms for counter-terrorism cooperation

 

New Delhi| On Tuesday PM Modi left for Brazil to attend the BRICS summit. The summit will focus on strengthening ties among the world’s five major economies in key areas such as digital economy, science and technology, and also build mechanisms for counter-terrorism cooperation. The prime minister is scheduled to hold separate bilateral meetings with Russian President Vladimir Putin and Chinese Premier Xi Jinping.

The prime minister said he will also meet Brazilian President Jair Bolsonaro to discuss ways to enhance the bilateral strategic partnership. PM Modi will be back in India on November 13-14 after attending the 11th BRICS summit.

“I look forward to exchanging views with other BRICS leaders with the aim to further strengthen intra-BRICS cooperation, particularly on the theme of the summit ‘Economic growth for an innovative future’,” Modi said in his departure statement.

During the summit, the five major economies of the world will aim to significantly strengthen their cooperation in science, technology and innovation, he said.

The BRICS countries will also look to enhance cooperation on digital economy and build mechanisms for counter-terrorism cooperation within the BRICS framework, Modi said.

Also Read: Modi-Putin Meet: Partners in Progress

“Our business and industry play an important role in Intra-BRICS ties. I will be addressing BRICS Business Forum and interacting with BRICS Business Council and New Development Bank,” he said.

On the bilateral meeting with the Brazilian president, he said Brazil and India share close and ever-expanding bilateral relations, including in the spheres of defence, security, trade, agriculture, energy and space.

Close cooperation between the two countries in multilateral forums has been a significant aspect of our strategic relationship, Modi said.

“BRICS summit will also provide me with the opportunity to hold useful bilateral interactions with leaders of other BRICS countries,” he said.

This will be the sixth time Modi will be participating in the BRICS summit, his first being at Fortaleza, also in Brazil in 2014.

 

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