New Delhi : The Prime Minister Narendra Modi addressed the BRICS Summit Plenary session in Brazil on ‘Strengthening Multilateralism, Economic-Financial Affairs, and Artificial Intelligence.’ He focused on how to make the BRICS platform even more effective in this increasingly multipolar world. In his address PM Modi gave four important suggestions to make BRICS more effective . This information is shared by the Official Spokesperson, Ministry of External Affairs, India, Randhir Jaiswal on his social media platform X .
PM Narendra Modi emphasised on improving BRICS own systems so that its credibility is boosted by means of reformed multilateralism. This is important considering economic cooperation within BRICS has been steadily progressing. He said that while sanctioning projects through the BRICS NDB, there must be a focus on demand-driven decision-making, long-term financial sustainability and maintaining a healthy credit rating.
He said that ” we can work together to fulfill specific expectations and aspirations nations of the Global South can have from BRICS. For example, BRICS Agricultural Research Platform has been established in India which can be a medium for sharing best practices in agri-biotech, precision farming and climate change adaptation. Also proposed creating a BRICS Science and Research Repository that can also benefit the countries of the Global South. ”
He said that ” In addition to greater cooperation in critical minerals and technology, we must focus on securing and making their supply chains resilient. It must also be ensured that no country uses these resources solely for its own interests or as a weapon. ”
PM Modi said that ” We must work towards Responsible AI. We in India believe in AI as a tool to enhance human values and capabilities. Guided by the mantra of ‘AI for All’, India is actively using AI in many sectors. We believe that in AI governance, addressing concerns and encouraging innovation should both receive equal priority. ”
He said that ” The Global South has many expectations from us. To fulfill them, we must follow the principle of ‘Lead by Example.’ India is fully committed to working shoulder to shoulder with all partners to achieve our shared goals. ”