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BRICS Summit to build bridges to new partnerships: PM

It will strengthen intra-BRICS cooperation and agenda for development, peace, stability, PM adds

Policy Pulse
Publish Date: Oct 14 2016 1:11PM | Updated Date: Oct 14 2016 1:15PM

BRICS Summit to build bridges to new partnerships: PM

Prime Minister Narendra Modi is optimistic that BRICS Summit will definitely strengthen intra-BRICS cooperation. Ahead of summit, the PM on Friday said he is looking forward to building bridges to new partnerships and finding common resolve and solutions to entrenched problems of the region.


On the sidelines of the Summits in Goa, Modi, will also hold bilateral meetings with Russian President Vladimir Putin and other leaders. He said they will discuss ways to address "pressing international and regional challenges that stand in the way of our goals".


"I am optimistic that the BRICS Summit will strengthen intra-BRICS cooperation and advance our common agenda for development, peace, stability and reform," the Prime Minister said in a Facebook post.


New initiatives will be launched in Goa by BRICS (Brazil-Russia-India-China-South Africa) as it marks the successful operationalization of initiatives like the BRICS New Development Bank and the Contingent Reserve Arrangement, he said.


The Prime Minister noted that India is facilitating an outreach Summit with the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) comprising Bangladesh, Bhutan, Myanmar, Nepal, Sir Lanka and Thailand.


"Representing nearly two thirds of humanity together, we hope to tap the potential for cooperation and the dividends this will bring," he said on the first-ever BRICS-BIMSTEC Outreach Summit.


Referring to India-Russia Annual Summit, the Prime Minister said Putin's visit will give an opportunity to consolidate and reaffirm a unique time-tested friendship and partnership with Russia.


"As Chair of the BRICS this year, India has embraced a stronger emphasis on promoting people-to-people linkages in diverse fields including trade, sports, education, films, scholarship, and tourism," he said.