SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 13 Nov, 2019  

Modi.9.Thmb.jpg Visit to Brazil opportunity to deepen ties: Modi

Modi.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 13 Nov, 2019

Prime Minister Narendra Modi on Wednesday said that his visit to Brazil to attend this year’s BRICS Summit on 13th and 14th November is an opportunity to deepen India-Brazil strategic partnership.

In an official statement, Modi said, "I look forward to holding discussions with BRICS leaders on greater cooperation in a wide range of areas. On the side-lines of this Summit, I would be addressing the BRICS Business Forum and interacting with BRICS Business Council as well as the New Development Bank."

"Improving economic linkages augur well for the BRICS nations. The visit to Brazil will give me an opportunity to hold talks with the President of Brazil on ways to deepen the India-Brazil strategic partnership," he said.

There is great potential in sectors like trade, defence, agriculture and energy, the Prime Minister added.

This will be the sixth time that Prime Minister Narendra Modi will be participating at the BRICS summit. His first BRICS summit was at Fortaleza in Brazil in 2014.

A large business delegation from India is also expected to be present during the visit especially to attend the BRICS Business Forum where the business community of all five countries are represented. 

Prime Minister is scheduled to hold separate bi-lateral meetings with the Russian President Vladimir Putin and the Chinese Premier Xi Jinping apart from the BRICS business forum closing ceremony and the closed & Plenary Sessions of the XI BRICS Summit.

In the closed session, the discussions are expected to be focused on challenges and opportunities for the exercise of national sovereignty in the contemporary world. This will be followed by the BRICS Plenary Session where the leaders will discuss the intra BRICS cooperation for the economic development of BRICS societies.

Thereafter Prime Minister shall participate in the meeting of the BRICS leaders with BRICS Business Council where in the Chairman of the Brazilian BRICS Business Council and the President of the new Development Bank are expected to submit reports.

Immediately thereafter a BRICS MoU between Trade and Investment Promotion agencies will be signed.

On the conclusion of the summit leaders will issue a joint declaration.

BRICS brings together five major emerging economies comprising 42 percent of the world's population, having 23 percent of the global GDP and around 17 percent of the share and world trade.

BRICS cooperation has two pillars including consultations on issues of mutual interest through meeting of leaders and ministers as well as cooperation through meeting of senior officials in a number of areas including trade, finance, health, education, science and technology, agriculture, communications IT etc.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter