Modi bats for boosting intra-BRICS trade to $500 bn

Must Read

Sanju Samson to replace Shikhar Dhawan in T20 series against WI

Sanju Samson will replace injured Indian opener Shikhar Dhawan in the T20s series against West Indies starting from next...

Supreme Court lashes out on Centre & Delhi govts for Rising Pollution

The Apex Court of the Country, the Supreme Court on Monday lashed the Central and State Government for their...

Harbhajan Singh wishes BCCI Prez Sourav Ganguly to change Selection Panel

The Indian off-spinner Harbhajan Singh on Monday urged Sourav Ganguly, President of BCCI (The Board of Control for Cricket...
Brasilia, Nov 15 (IANS) Prime Minister Narendra Modi on Thursday pushed for boosting intra-BRICS trade and investment and urged that a roadmap be readied for increasing the trade to $500 billion by the next summit.

Addressing the Leaders’ Dialogue with BRICS Business Council, Modi said the partnership agreement inked between New Development Bank and BRICS Business Council will be beneficial to both sides.

He also urged that the BRICS nations – comprising Brazil, Russia, India, China and South Africa – and the NDB join the Coalition for Disaster Resistant Infrastructure.

“Till the next summit a roadmap for achieving $500 billion intra-BRICS trade target should be drawn up by the BRICS Business Council,” the PM said. He said that intra-BRCS trade stands at just 15 percent of global trade, in comparison to their combined population which was over 40 percent of that of the world.

He appealed that the process for setting up a regional office in India of the NDB be completed at the earliest, which would help implement the projects in priority areas.

Modi said that strengthening the BRICS business links could be achieved with the full cooperation of the NDB and the BRICS Business Council.

He also called for enhanced focus on agriculture, health, SMEs, credit and rating agencies.

The PM later tweeted: “At the interaction with BRICS Business Council and NDB I made the following suggestions:

Charting a roadmap for Intra-BRICS trade to the tune of $500 billion.

Harnessing the agro-tech start-up network for people’s betterment.

Hackathon in India on Apps working in healthcare.

“I also suggested:

A working group to share best practices from our respective small and medium enterprises.

Strengthening the Coalition for Disaster Resilient Infrastructure so that we can have even more effective systems in place to help our people.”

–IANS
rn/rt

Disclaimer This article is published directly through a syndicated feed and not edited by The Indian Wire staff.

- Advertisement -

Latest News

Sanjivani episode 85 written update, December 6: Sid learns the truth about Asha’s pregnancy

The recent episode of Sanjivani begins as Dr. Ishani tells Dr. Sid that they can't be together because he's...

Weekend watchlist: Films and shows that are releasing today

The Weekend is here!  To enjoy the end of December’s first week, here is a list of new films and television series that are releasing...

Kasautii Zindagii Kay episode 318 written update, December 6: Prerna tells her decision to Mohini to stay with Anurag

The recent episode of Kasautti Zindagii Kay opens with Mohini and Veena still fighting about Anurag and Prerna. Veena asserts that Prerna is bearing...

Pati, Patni Aur Woh movie review: Bhumi Pednekar shines in a confused comedy about marriage and infidelity

The movie revealed its true intentions and its lesson: Men will always be men Cast: Kartik Aaryan, Ananya Panday, Bhumi Pednekar, Aparshakti Khurana Director: Mudassar Aziz Rating:...

Terrence Malick’s ‘A Hidden Life’ gets a rare screening at the Vatican Film Library in Rome

Director Terrence Malick's historical drama film A Hidden Life was screened at the Vatican in Rome, this Wednesday. According to The Hollywood Reporter, Fox Searchlight,...
- Advertisement -

More Articles Like This