BRICS ministers adopt Jaipur declaration on industrial cooperation

The Story in Brief

BRICS nations adopted a joint declaration on industrial cooperation and innovation at the 10th Industry Ministers' Meeting in Jaipur on Thursday. Held under India's chairship, the meeting focused on digital transformation, resilient industries, technology and wider collaboration.

The meeting recorded progress on a framework for cooperation among small businesses, an action plan for the photovoltaic industry and an innovation-led growth plan for startups, officials said. Ministers also discussed transport and logistics systems, including GIS-based infrastructure and city logistics planning. India will host the 16th BRICS Trade Ministers' Meeting in Jaipur on August 7, covering trade, supply chains, MSME participation and cross-border digital services.

The Indian Opinion

The declaration is a useful political signal, but claims that it will quickly transform BRICS industry are premature. Likewise, dismissing the meeting as another talking shop overlooks the specific MSME, photovoltaic and startup plans. The real test is delivery: whether these frameworks produce funded projects, simpler cross-border trade and measurable participation by smaller firms after the next meeting.

Source: hindustantimes.com

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