BRICS nations have unique opportunity to strengthen manufacturing competitiveness: Piyush Goyal
New Delhi, Aug 6
BRICS nations have a unique opportunity to strengthen manufacturing competitiveness, deepen technological collaboration, build resilient value chains and promote sustainable industrial growth, Union Commerce and Industry Minister Piyush Goyal said on Thursday.
Addressing the BRICS Industry Ministers' Meeting in Jaipur under India's BRICS 2026 Chairship, Goyal said the discussions focused on the future of industrial cooperation and economic collaboration among BRICS member nations.
"Delighted to address the BRICS Industry Ministers' Meeting in Jaipur under India's BRICS 2026 Chairship, where we discussed the future of industrial cooperation and economic collaboration," Goyal stated.
"Emphasised that BRICS nations have a unique opportunity to strengthen manufacturing competitiveness, deepen technological collaboration, build resilient value chains, and promote sustainable industrial growth," he mentioned.
He said India highlighted its priorities of strengthening micro, small and medium enterprises (MSMEs), fostering startup innovation, expanding clean energy cooperation and building technology-enabled logistics ecosystems to drive sustainable industrial development.
The minister said a key outcome of the meeting was the adoption of the Joint Declaration, which reaffirmed the member countries' shared commitment to advancing practical cooperation under the BRICS Partnership on New Industrial Revolution (PartNIR).
"Also highlighted India's priorities of strengthening MSMEs, fostering startup innovation, expanding clean energy cooperation, and building technology-enabled logistics ecosystems," the minister stated.
"A key outcome of the meeting was the adoption of the Joint Declaration, reaffirming our shared commitment to advancing practical cooperation under the BRICS Partnership on New Industrial Revolution (PartNIR) and strengthening collaboration across industrial innovation, clean energy, logistics, and resilient manufacturing," Goyal added.
According to Goyal, the declaration also underscored the resolve of BRICS nations to strengthen collaboration in industrial innovation, clean energy, logistics and resilient manufacturing.
He further said that, guided by Prime Minister Narendra Modi's vision, India remains committed to strengthening partnerships across the expanded BRICS family and translating dialogue into meaningful outcomes for shared growth and prosperity.
"Guided by PM Narendra Modi's vision, India remains committed to strengthening partnerships across the expanded BRICS family and translating dialogue into meaningful outcomes for shared growth and prosperity," Goyal mentioned.
— IANS
Reader Comments
Finally some focus on MSMEs and startups! These are the backbone of our economy. Hope the joint declaration actually translates into something concrete for small businesses, not just another MOU that gathers dust. Also good to see clean energy being prioritized - that's where the future lies.
Interesting to see India taking a leadership role in BRICS. As an outsider, it seems like these meetings produce a lot of declarations but implementation has been slow. Would love to see India push harder on tech transfer agreements, especially in green energy and digital infrastructure.
The emphasis on resilient value chains is very relevant post-COVID. India needs to reduce its dependence on China for APIs and electronics. This BRICS cooperation could help us build self-reliance while also strengthening ties with Russia and Brazil on energy security. But we need concrete timelines, not just vision statements!
Piyush Goyal keeps pushing the manufacturing narrative. Good to see India's priorities on tech-enabled logistics - that's a massive bottleneck for Indian exporters. Though I wonder how the expanded BRICS (with new members) will actually align on industrial standards. More countries, more complexity. Let's see.
Happy to see India hosting these важные meetings in Jaipur. The PartNIR initiative holds promise for our manufacturing sector, especially in AI and automation. But I hope the government also looks inward - our own policies on land acquisition, labor laws, and power costs need to be more industry-friendly. BRICS is great, but we must fix our own house first. 😊
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