Prime Minister Narendra Modi will attend the Eleventh BRICS Summit that will be held at Brasilia in Brazil on November 13-14 with the theme "Economic Growth for an Innovative Future.”
This will be the sixth time that Modi will be participating in a BRICS Summit. His first BRICS summit was at Fortaleza in Brazil in 2014.
BRICS brings together five countries -- Brazil, Russia, India, China and South Africa.
An official press release said that a large business delegation from India was also expected to be present during the visit, especially to attend the BRICS Business Forum where the business community of all five countries are represented.
Modi is scheduled to hold separate bilateral meetings with Russian President Vladimir Putin and Chinese Premier Xi Jinping apart from the BRICS business forum closing ceremony and the closed and plenary Sessions of the XI BRICS Summit.
In the closed session, the discussions are expected to be focused on challenges and opportunities for the exercise of national sovereignty in the contemporary world. This will be followed by the BRICS Plenary Session where the leaders will discuss the intra BRICS cooperation for the economic development of BRICS societies.
Thereafter, the Prime Minister shall participate in the meeting of the BRICS leaders with BRICS Business Council wherein the Chairman of the Brazilian BRICS Business Council and the President of the New Development Bank are expected to submit reports.
Immediately thereafter, a BRICS MoU between Trade and Investment Promotion agencies will be signed.
On the conclusion of the summit, leaders will issue a joint declaration.
The five BRICS member-nations account for 42 percent of the world's population, 23 percent of the global GDP and around 17 percent of the share in world trade.
BRICS cooperation has two pillars including consultations on issues of mutual interest through meeting of leaders and ministers as well as cooperation through meeting of senior officials in a number of areas including trade, finance, health, education, science and technology, agriculture, communications and IT.
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