#1. Despite recession at the global level, BRICS countries accelerated economic growth, drove millions out of poverty: PM - News Updates : 14 Nov, 2019 : PMINDIA. #2. PM’s remarks at BRICS Business Forum. NOTES : #1. Meeting of PM with Mr. Jair Messias Bolsonaro, President of the Federative Republic of Brazil on the margins of the 11th BRICS Summit : News Updates :13 Nov, 2019. #2. Meeting of PM with Mr. Xi Jinping, President of the People’s Republic of China on the margins of the 11th BRICS Summit : News Updates : 14 Nov, 2019. #3. Meeting of PM with Mr. Vladimir Putin, President of Russian Federation on the margins of 11th BRICS Summit : News Updates : 14 Nov, 2019.
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Intra-BRICS trade and investment targets should be more ambitious: PM
India is the world’s most open and investment friendly economy due to political stability, predictable policy and business friendly reforms: PM
Prime Minister Shri Narendra Modi addresses BRICS Business Forum
Prime Minister Shri Narendra Modi addressed the BRICS Business Forum, on the sidelines of BRICS Summit in Brazil today. Heads of states of other BRICS countries, also addressed the Business Forum.
Speaking on the occasion, PM Shri Narendra Modi said that BRICS countries account for 50% of the world’s economic growth. Despite recession at the global level, BRICS countries accelerated economic growth, drove millions out of poverty and achieved new breakthroughs in technology and innovation, he added.
Prime Minister wished that Intra-BRICS trade and investment targets should be more ambitious and invited their suggestions to further reduce the cost of trade between the BRICS countries. PM also suggested that by the next BRICS Summit, at least five areas should be identified in which joint ventures can be formed between the BRICS countries on the basis of complementarities.
Prime Minister said that Important initiatives such as innovation BRICS Network, and BRICS Institution for Future Network will be considered for discussions during the summit tomorrow. He requested the private sector to join these efforts focused on human resources. He also suggested that the five countries should also consider a Mutual Social Security Agreement.
Prime Minister said that India is the world’s most open and investment friendly economy due to political stability, predictable policy and business friendly reforms.
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Your Excellencies,
Distinguished Participants of BRICS Business Forum,
Namaskar,
Good Evening.
I am very happy to join the BRICS Business Forum. The 11th BRICS Summit program has started with this forum. I congratulate the President of Brazil, the organizers of this forum and all the participants for making Business a priority.
Friends,
BRICS countries account for 50% of the world's economic growth. Despite the recession in the world, the BRICS countries accelerated economic development, drove millions of people out of poverty and achieved new breakthroughs in technology and innovation. Now ten years after the founding of BRICS, this forum is a good platform to discuss the direction of our efforts in the future.
Friends,
Simplifying intra-BRICS business will increase mutual trade and investment. Tax and Customs procedures between us five countries are getting easier. The business environment is getting easier with the collaboration between Intellectual Property Rights, and Banks. I request the BRICS Business Forum to study the necessary business initiatives to take full advantage of the opportunities thus generated.
Intra-BRICS business and investment targets should be ambitious. Your suggestions will be helpful to further reduce the cost of trade between us.
I would also like to request that priority areas in business be identified among us for the next ten years and based on them blue print of Intra-BRICS collaboration should be made.
Friends,
Our market size, diversity and our complementarities are very beneficial to each other. For example, if there is technology in one BRICS country, then in other are present the related raw materials or markets. Such possibilities are especially present in electric vehicles, digital technology, fertilizer, agricultural products, food processing, etc. I would urge the Forum to map such complementarities in five countries. I would also like to suggest that at least five such areas should be identified by the next BRICS Summit in which joint ventures can be formed between us on the basis of complementarities.
Friends,
The BRICS countries are well known for the hard work, talent and creativity of their people. Important initiatives like innovation BRICS Network, and BRICS Institution for Future Network will be considered during tomorrow's summit. I request the private sector to join these efforts focused on human resources. Connecting young entrepreneurs with these initiatives will also give more strength to business and innovation.
Friends,
There are possibilities of making tourism, business and employment between our countries more easy. I thank the President of Brazil for giving the visa free entry to Indians. We five countries should also consider mutual Social Security Agreement.
Friends,
You will be familiar with India's continued progress in indexes such as Ease of Doing Business, Logistic Performance and Global innovation. Due to the time limit, I would just like to say that India is the most open and investment friendly economy in the world due to Political Stability, Predictable Policy and Business Friendly Reforms. By 2024, we want to make India a five trillion dollar economy. The infrastructure alone requires $ 1.5 trillion investment.
India has immense possibilities, countless opportunities. To take advantage of them, I invite the business of BRICS countries to build up and grow their presence in India.
Thank you very much.
Disclaimer: PM's speech was delivered in Hindi. This is an approximate translation of the speech.
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NOTES :
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Prime Minister Modi invited the President of Brazil to be the Chief Guest at the Republic Day 2020. The Brazilian President has accepted the invitation with pleasure.
Both leaders agreed that on this occasion the two countries can comprehensively enhance our strategic partnership. PM Modi said that he looked forward to discussing matters relating to trade. He also outlined areas for potential investment from Brazil , including in areas of agricultural equipment, animal husbandry, post-harvest technologies and biofuels.
The President of Brazil expressed his readiness and informed PM that a large business delegation will accompany him to India. They also discussed other areas of cooperation including space and defence sectors. PM welcomed the decision of President to grant visa free travel to Indian citizens.
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#Prime Minister Shri Narendra Modi met H.E. Mr. Xi Jinping, President of the People’s Republic of China on the sidelines of the 11th BRICS summit at Brasilia on 13 November 2019.
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President Xi Jinping conveyed his deep appreciation to PM for hosting him at the 2nd Informal Summit in Chennai and said that he would not forget the welcome given to him by PM Modi and the people of India. He invited PM for the 3rd informal summit in China in 2020. The date and venue for which will be determined through diplomatic channels.
They both agreed on the importance of maintaining close dialogue on matters relating to trade and investment. President Xi thanked PM for India’s substantial participation in the just concluded China Import Export Expo in Shanghai. The two leaders agreed that the new High Level Mechanism on Trade and Economy should meet at an early date.
The leaders reviewed preparations for celebrating the 70th anniversary of establishment of diplomatic relations between the two countries next year. They agreed that this will enhance people-to-people relations.
The leaders noted that the Special Representatives will have another meeting on matters relating to the Boundry Question and reiterated the importance of maintaining peace and security in the border areas.
The leaders also exchanged views on multilateral issues including WTO, BRICS and RCEP.
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#Prime Minister Shri Narendra Modi met H.E. Mr Vladimir Putin, President of the Russian Federation on the sidelines of the 11th BRICS summit at Brasilia on 13 November 2019. This is the 4th time the two leaders have met this year.
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During the meeting both leaders reviewed the progress made in the bilateral relationship since PM’s visit to Vladivostok. PM specifically mentioned the successful visits of our Minister of Defence and Minister of Petroleum and Natural Gas to Russia.
The two leaders noted with satisfaction that the USD 25 billion target of bilateral trade by 2025 has already been achieved. The two leaders decided that the 1st Bilateral Regional Forum at the level of Russian Provinces and Indian States be held next year to dismantle the barriers of trade at regional level.
The two leaders noted the stability and progress made in imports of oil and natural gas. President Putin highlighted the potential of Arctic region in natural gas and invited India to invest in the region
.
The two leaders also reviewed the progess made in the field of Infrastructure particularly railways in context of raising the speed of the Nagpur-Secunderabad sector railway line. The leaders also noted with satisfaction the cooperation in Defence sector and in the field of Civil Nuclear Energy. They welcomed the prospects of cooperation in civil nuclear energy in third countries.
The two leaders also noted that both sides shared common position on international issues and agreed to continue close consultations in the future.
President Putin reiterated the invitation to PM to visit Moscow to participate in the Victory Day celebrations next year, which PM gladly accepted.
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WATCH VIDEO : LIVE Brazil. BRICS plenary.
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#WATCH VIDEO :https://youtu.be/Wt7qho8F4xk
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#OPINION : 14/11/2019 : 1952.
WATCH VIDEO : https://youtu.be/eljT8hT62Zw
-------------------------------------------------------------------------------------------------------------------------#1. Despite recession at the global level, BRICS countries accelerated economic growth, drove millions out of poverty: PM - News Updates : 14 Nov, 2019 : PMINDIA.
-----------------------------------------------------------------------------------------------------------------------Intra-BRICS trade and investment targets should be more ambitious: PM
India is the world’s most open and investment friendly economy due to political stability, predictable policy and business friendly reforms: PM
Prime Minister Shri Narendra Modi addresses BRICS Business Forum
Prime Minister Shri Narendra Modi addressed the BRICS Business Forum, on the sidelines of BRICS Summit in Brazil today. Heads of states of other BRICS countries, also addressed the Business Forum.
Speaking on the occasion, PM Shri Narendra Modi said that BRICS countries account for 50% of the world’s economic growth. Despite recession at the global level, BRICS countries accelerated economic growth, drove millions out of poverty and achieved new breakthroughs in technology and innovation, he added.
Prime Minister wished that Intra-BRICS trade and investment targets should be more ambitious and invited their suggestions to further reduce the cost of trade between the BRICS countries. PM also suggested that by the next BRICS Summit, at least five areas should be identified in which joint ventures can be formed between the BRICS countries on the basis of complementarities.
Prime Minister said that Important initiatives such as innovation BRICS Network, and BRICS Institution for Future Network will be considered for discussions during the summit tomorrow. He requested the private sector to join these efforts focused on human resources. He also suggested that the five countries should also consider a Mutual Social Security Agreement.
Prime Minister said that India is the world’s most open and investment friendly economy due to political stability, predictable policy and business friendly reforms.
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#2. PM’s remarks at BRICS Business Forum : News Updates : 14 Nov, 2019.
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#Translation of Prime Minister's remarks at BRICS Business Forum
-Your Excellencies,
Distinguished Participants of BRICS Business Forum,
Namaskar,
Good Evening.
I am very happy to join the BRICS Business Forum. The 11th BRICS Summit program has started with this forum. I congratulate the President of Brazil, the organizers of this forum and all the participants for making Business a priority.
Friends,
BRICS countries account for 50% of the world's economic growth. Despite the recession in the world, the BRICS countries accelerated economic development, drove millions of people out of poverty and achieved new breakthroughs in technology and innovation. Now ten years after the founding of BRICS, this forum is a good platform to discuss the direction of our efforts in the future.
Friends,
Simplifying intra-BRICS business will increase mutual trade and investment. Tax and Customs procedures between us five countries are getting easier. The business environment is getting easier with the collaboration between Intellectual Property Rights, and Banks. I request the BRICS Business Forum to study the necessary business initiatives to take full advantage of the opportunities thus generated.
Intra-BRICS business and investment targets should be ambitious. Your suggestions will be helpful to further reduce the cost of trade between us.
I would also like to request that priority areas in business be identified among us for the next ten years and based on them blue print of Intra-BRICS collaboration should be made.
Friends,
Our market size, diversity and our complementarities are very beneficial to each other. For example, if there is technology in one BRICS country, then in other are present the related raw materials or markets. Such possibilities are especially present in electric vehicles, digital technology, fertilizer, agricultural products, food processing, etc. I would urge the Forum to map such complementarities in five countries. I would also like to suggest that at least five such areas should be identified by the next BRICS Summit in which joint ventures can be formed between us on the basis of complementarities.
Friends,
The BRICS countries are well known for the hard work, talent and creativity of their people. Important initiatives like innovation BRICS Network, and BRICS Institution for Future Network will be considered during tomorrow's summit. I request the private sector to join these efforts focused on human resources. Connecting young entrepreneurs with these initiatives will also give more strength to business and innovation.
Friends,
There are possibilities of making tourism, business and employment between our countries more easy. I thank the President of Brazil for giving the visa free entry to Indians. We five countries should also consider mutual Social Security Agreement.
Friends,
You will be familiar with India's continued progress in indexes such as Ease of Doing Business, Logistic Performance and Global innovation. Due to the time limit, I would just like to say that India is the most open and investment friendly economy in the world due to Political Stability, Predictable Policy and Business Friendly Reforms. By 2024, we want to make India a five trillion dollar economy. The infrastructure alone requires $ 1.5 trillion investment.
India has immense possibilities, countless opportunities. To take advantage of them, I invite the business of BRICS countries to build up and grow their presence in India.
Thank you very much.
Disclaimer: PM's speech was delivered in Hindi. This is an approximate translation of the speech.
========================================================================
NOTES :
#1. Meeting of PM with Mr. Jair Messias Bolsonaro, President of the Federative Republic of Brazil on the margins of the 11th BRICS Summit : News Updates :13 Nov, 2019.
-------------------------------------------------------------------------------------------------------------------------
#Prime Minister Shri Narendra Modi met H.E. Mr. Jair Messias Bolsonaro, President of the Federative Republic of Brazil on the sidelines of the 11th BRICS summit at Brasilia on 13 Nov, 2019.
-------------------------------------------------------------------------------------------------------------------------Prime Minister Modi invited the President of Brazil to be the Chief Guest at the Republic Day 2020. The Brazilian President has accepted the invitation with pleasure.
Both leaders agreed that on this occasion the two countries can comprehensively enhance our strategic partnership. PM Modi said that he looked forward to discussing matters relating to trade. He also outlined areas for potential investment from Brazil , including in areas of agricultural equipment, animal husbandry, post-harvest technologies and biofuels.
The President of Brazil expressed his readiness and informed PM that a large business delegation will accompany him to India. They also discussed other areas of cooperation including space and defence sectors. PM welcomed the decision of President to grant visa free travel to Indian citizens.
--------------------------------------------------------------------------------------------------------------------------
#2. Meeting of PM with Mr. Xi Jinping, President of the People’s Republic of China on the margins of the 11th BRICS Summit : News Updates : 14 Nov, 2019.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
President Xi Jinping conveyed his deep appreciation to PM for hosting him at the 2nd Informal Summit in Chennai and said that he would not forget the welcome given to him by PM Modi and the people of India. He invited PM for the 3rd informal summit in China in 2020. The date and venue for which will be determined through diplomatic channels.
They both agreed on the importance of maintaining close dialogue on matters relating to trade and investment. President Xi thanked PM for India’s substantial participation in the just concluded China Import Export Expo in Shanghai. The two leaders agreed that the new High Level Mechanism on Trade and Economy should meet at an early date.
The leaders reviewed preparations for celebrating the 70th anniversary of establishment of diplomatic relations between the two countries next year. They agreed that this will enhance people-to-people relations.
The leaders noted that the Special Representatives will have another meeting on matters relating to the Boundry Question and reiterated the importance of maintaining peace and security in the border areas.
The leaders also exchanged views on multilateral issues including WTO, BRICS and RCEP.
-----------------------------------------------------------------------------------------------------------------------
#3. Meeting of PM with Mr. Vladimir Putin, President of Russian Federation on the margins of 11th BRICS Summit : News Updates : 14 Nov, 2019.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
During the meeting both leaders reviewed the progress made in the bilateral relationship since PM’s visit to Vladivostok. PM specifically mentioned the successful visits of our Minister of Defence and Minister of Petroleum and Natural Gas to Russia.
The two leaders noted with satisfaction that the USD 25 billion target of bilateral trade by 2025 has already been achieved. The two leaders decided that the 1st Bilateral Regional Forum at the level of Russian Provinces and Indian States be held next year to dismantle the barriers of trade at regional level.
The two leaders noted the stability and progress made in imports of oil and natural gas. President Putin highlighted the potential of Arctic region in natural gas and invited India to invest in the region
.
The two leaders also reviewed the progess made in the field of Infrastructure particularly railways in context of raising the speed of the Nagpur-Secunderabad sector railway line. The leaders also noted with satisfaction the cooperation in Defence sector and in the field of Civil Nuclear Energy. They welcomed the prospects of cooperation in civil nuclear energy in third countries.
The two leaders also noted that both sides shared common position on international issues and agreed to continue close consultations in the future.
President Putin reiterated the invitation to PM to visit Moscow to participate in the Victory Day celebrations next year, which PM gladly accepted.
=======================================================================
WATCH VIDEO : LIVE Brazil. BRICS plenary.
https://www.facebook.com/PMOIndia/videos/2456373914689736/?t=11
========================================================================'JAY HIND, JAY BHARATHAM, VANDHE MATHARAM, BHARAT MATHA KI JAY.
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