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To energize the BRICS Strategy for Economic Partnership BRICS Trade Fair Business Forum & Business Council to be held in New Delhi on October 12-14 2016

News and Press Release - Dated:- 3-10-2016 - In over a decade since its inception, BRICS, a grouping of emerging economies of Brazil, Russia, India, China and South Africa, has today emerged as a powerful global economic bloc. BRICS has evolved as a serious, competent and responsible grouping addressing issues and challenges with global and regional ramifications. Starting essentially with economic issues of mutual interest, the agenda of BRICS meetings has considerably widened over the years to .....

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o the BRICS countries have gone up from US$ 2.95 trillion in 2012 to US$ 3.03 trillion in 2014. Likewise, the global merchandise exports of the BRICS countries have gone up from US$ 3.2 trillion in 2012 to US$ 3.47 trillion in 2014. Intra-BRICS trade has also been on the rise. In 2012, intra-BRICS trade stood at US$ 281.4 billion and this increased to US$ 297 billion in 2014. This encouraging trend needs to be strengthened as trade amongst BRICS nations is less than 5 per cent of their total glo .....

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k (NDB) which aims to serve as a source of finance for developing and emerging economies to meet their developmental needs. Even as BRICS nations work together towards achieving these objectives, there is a need felt for measures to be taken to deepen intra-BRICS economic engagement, trade and investment ties. The programmes planned at New Delhi - BRICS Trade Fair (October 12-14, 2016), BRICS Business Forum (October 13, 2016) and BRICS Business Council (October 14, 2016) - are steps that would h .....

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Trade Fair is expected to give an impetus to intra-BRICS economic engagement and to foster connects amongst members of our business community. The Fair will showcase about 20 key sectors. These include aerospace, agro-processing, auto and auto components, chemicals, green energy and renewables, healthcare and pharmaceuticals, railways, textiles and apparel, infrastructure, IT, engineering goods, tourism, gems and jewellery and skill development. The BRICS Trade Fair will be a platform for respec .....

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IMSTEC countries (Bangladesh, Bhutan, Myanmar, Nepal, Sri Lanka and Thailand) have been invited for meetings and discussions with the BRICS business leaders and companies at the Trade Fair. This is a new dimension and complements the regional outreach efforts being made by our respective governments to fortify South-South cooperation. In addition to the BRICS Trade Fair, BRICS Business Forum will be held on October 13, 2016. This is a full day conference that will see participation from over 100 .....

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