Commerce and Industry Minister Piyush Goyal has chaired the fifth meeting of BRICS Industry Ministers and called for expanding the horizon of the New Development Bank (NDB). India holds the Chairship of BRICS for 2021. This year, India chose the theme of ‘Intra BRICS Cooperation for Continuity, Consolidation and Consensus’ for its chairship.
About the meeting:
- The BRICS ministers called for the need to adopt emerging new technologies, recognising it as an important tool for modernisation and transformation of industry, and promotion of economic growth.
- They also committed to play a constructive role towards the promotion of IPR, and expressed their intention to collaborate with NDB.
- The meeting concluded with the ministers committing to work together as a group, share best practices and move ahead in a positive and constructive manner to achieve the 2030 agenda for sustainable development.