Advertisement
Thursday, Dec 02, 2021
Outlook.com
Outlook.com

BRICS Summit: PM Modi Seeks Strong Partnerships To Spur Growth

He also called for the creation of a BRICS rating agency to cater to financing needs of sovereign and corporate entities of developing countries.

BRICS Summit: PM Modi Seeks Strong Partnerships To Spur Growth
| PIB
BRICS Summit: PM Modi Seeks Strong Partnerships To Spur Growth
outlookindia.com
2017-09-04T10:49:30+05:30

Prime Minister Narendra Modi today sought a strong partnership among BRICS nations to spur growth, saying that the bloc has developed a robust framework for cooperation and contributed to the stability in a world "drifting towards uncertainty".

Addressing the plenary session of the BRICS Summit in China's Xiamen city, Modi said trade and economy were the foundations of the cooperation among BRICS -- Brazil-Russia- India-China-South Africa.

He also called for the creation of a BRICS rating agency to cater to financing needs of sovereign and corporate entities of developing countries.

The prime minister said a strong partnership among member nations on innovation and digital economy can help spur growth, promote transparency and support the sustainable development goals.

He also urged central banks of member nation to further strengthen their capabilities and promote cooperation between the Contingent Reserve Arrangement of the grouping and the International Monetary Fund.

The prime minister emphasised the need to accelerate track of cooperation in smart cities, urbanisation and disaster management.

"BRICS has developed a robust framework for cooperation; contribute stability and growth in a world drifting towards uncertainty. Our endeavours today touch diverse areas of agriculture, culture, environment, energy, sports and Information and Communications Technology (ICT)," he said.

Modi asserted that the grouping was in a "mission-mode" to eradicate poverty and ensure health, sanitation, skills, food security, gender equality, energy and education.

He said women's empowerment programmes were "productivity multipliers" that mainstream women in nation building.

PTI

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

UN Seeks Release Of Kashmiri Activist Khurram Parvez, Amendment In UAPA

UN Seeks Release Of Kashmiri Activist Khurram Parvez, Amendment In UAPA

The UN has sought probe into civilian killings in Jammu and Kashmir’s Hyderpora and called on the security forces and armed groups to exercise restraint.

Omicron Cases Spike: 21 Countries That Recorded New Covid-19 Variant

Omicron Cases Spike: 21 Countries That Recorded New Covid-19 Variant

South Africa, the first nation where the virus variant was detected, has reported 77 cases of Omicron so far, prompting travel bans across the world.

Man United, IPL Big Boys, Sydney Sixers Enter UAE T20 League

Man United, IPL Big Boys, Sydney Sixers Enter UAE T20 League

Lancer Capital has made its first-ever historic foray into cricket by acquiring a franchise in the UAE T20 league. The ECB has already roped in IPL teams like MI, DC and KRR.

Five Powerful Indian-Americans Rocking Silicon Valley, Parag Agrawal Latest Addition

Five Powerful Indian-Americans Rocking Silicon Valley, Parag Agrawal Latest Addition

As Parag Agrawal becomes the CEO of Twitter, the Indian diaspora's representation in the tech giants of America, especially the companies in Silicon Valley gets a new badge.

Advertisement