BRICS nations adopt joint declaration for industrial cooperation, promotion of innovation
BRICS Nations Adopt Joint Declaration for Industrial Innovation
Bharatmorningnews.com – BRICS nations adopt joint declaration for industrial cooperation and innovation during the tenth BRICS Industry Ministers’ Meeting held in Jaipur on Thursday. This landmark agreement brings together commerce and industry leaders from across the BRICS bloc—Brazil, Russia, India, China, and South Africa—under India’s stewardship to strengthen economic resilience through technological advancement and collaborative industrial efforts. The comprehensive declaration outlines shared priorities for fostering innovation-led expansion and building sustainable manufacturing capabilities across member nations.
Partnership on New Industrial Revolution Achievements
Operating under the banner “Building for Resilience, Innovation, Cooperation and Sustainability,” the summit provided delegates with opportunities to explore enhanced manufacturing capabilities while capitalizing on global technological shifts. Union Commerce and Industry Minister Piyush Goyal addressed attendees, emphasizing the critical need for BRICS members to translate collective ambitions into tangible outcomes.
BRICS countries must convert aspirations into practical innovation and cooperation, and leverage their complementary strengths to build resilient industries.
He highlighted that the BRICS Partnership on New Industrial Revolution has become a vital vehicle for cross-border collaboration.
According to officials, substantial milestones were achieved under India’s chairmanship through PartNIR. These accomplishments included completing a cooperation framework for micro, small, and medium enterprises, establishing terms of reference alongside an action plan for the photovoltaic industry working group, and developing an innovation-driven growth strategy for startups. Minister of State for Commerce and Industry Jitin Prasada underscored India’s dedication to expanding industrial partnerships within the BRICS framework, stressing that cooperation, innovation, and mutual trust remain essential pillars for constructing an inclusive industrial landscape.
Trade Ministers’ Meeting and Digital Transformation
The discussions placed considerable emphasis on improving transport and logistics networks connected to industrial resilience. Participants explored the potential of GIS-based infrastructure solutions and city-level logistics planning to support manufacturing sectors. A central achievement was the adoption of a joint declaration that signals member nations’ willingness to transition from conversation to concrete implementation of cooperative measures.
Countries presented their national viewpoints and policy objectives, revealing shared priorities in accelerating digital transformation, developing robust industrial ecosystems, and tackling common development obstacles. India will additionally host the sixteenth BRICS Trade Ministers’ Meeting in Jaipur on August 7. This upcoming event will concentrate on international trade matters and economic cooperation among member states. Officials anticipate that these deliberations will reinforce multilateral trading frameworks, boost MSME involvement in worldwide commerce, encourage resilient supply chains, and enable cross-border digital service exchanges.
Looking Forward: Sustainable Industrial Growth
Goyal also reflected on the organization’s journey since its inaugural summit in 2009, acknowledging Brazil’s role as chair in 2025. He expressed India’s intention to advance the agenda through a pragmatic and forward-looking strategy. The BRICS nations adopt joint declaration represents a significant step toward creating integrated industrial policies that address both immediate challenges and long-term opportunities in the global marketplace.
Frequently Asked Questions
What is the BRICS Partnership on New Industrial Revolution?
The BRICS Partnership on New Industrial Revolution (PartNIR) is a collaborative framework established to promote industrial cooperation among member nations. It focuses on technology transfer, innovation, and sustainable manufacturing practices to enhance economic resilience across the bloc.
When and where will the next BRICS Trade Ministers’ Meeting take place?
The sixteenth BRICS Trade Ministers’ Meeting will be hosted by India in Jaipur on August 7. The meeting will focus on international trade matters, MSME participation in global commerce, and digital service exchanges.
What are the key achievements of India’s BRICS chairmanship?
Under India’s leadership, significant achievements include completing the MSME cooperation framework, establishing the photovoltaic industry working group action plan, and developing an innovation-driven startup growth strategy through PartNIR.
For more updates on BRICS developments, visit Hindustan Times BRICS coverage.