Mention of country’s plans, offer made to BRICS… Know what PM Modi said in Kazan

New Delhi: At the 16th BRICS summit held in Kazan city of Russia, Prime Minister Narendra Modi said, ‘I congratulate President Vladimir Putin for organizing the 16th BRICS summit and once again welcome the new friends associated with it.’ he/she further said, ‘BRICS in the new form represents 40% of the world’s humanity and 30% of the economy. BRICS has made many achievements in the last two decades. I am confident that in the coming times this organization will emerge as a more effective medium to face global challenges.’ Prime Minister Narendra Modi said, ‘BRICS in the new form is a large economy of more than 30 trillion dollars. The BRICS Business Council and the BRICS Women’s Business Alliance have played a special role in enhancing our economic cooperation. The consensus reached within BRICS this year on WTO reforms, trade facilitation in agriculture, flexible supply chains, e-commerce and special economic zones will strengthen our economic cooperation.

‘Cross border payments will strengthen our economic cooperation’

Prime Minister Narendra Modi said, ‘Special emphasis is being given to the construction of infrastructure in all BRICS countries. To rapidly increase multimodal connectivity in India, we have created ‘Gatishakti’ portal. This has helped in integrated planning and implementation of these developments and reduced logistics costs. We would be happy to share our experiences with you all. We welcome efforts to enhance financial integration among BRICS countries. Trade in local currencies and easier cross-border payments will strengthen our economic cooperation. The Unified Payment Interface (UPI) created by India is a big success story of India. It has been adopted in many countries. Last year, we also launched it in UAE in collaboration with Sheikh Mohammed. In this, cooperation can also be done with other foreign countries.

India committed to enhancing cooperation under BRICS: PM Modi

Prime Minister Narendra Modi said, ‘India is fully committed to increasing cooperation under BRICS. Our belief in our diversity and multipolarity is our strength. It is our strength, our shared faith in humanity, that will help shape a prosperous and strong future for our coming generations. I extend my warmest wishes to President Lula of Brazil as the next Chairman of BRICS. India will extend its full support to you for the success of your BRICS presidency.