Indian business leaders expressed strong optimism during the BRICS Summit in Brazil, coinciding with Prime Minister Narendra Modi’s visit aimed at deepening India’s global trade relationships, especially with Brazil and other BRICS member nations.
At the 17th BRICS Leaders’ Summit held on July 6–7, Prime Minister Modi engaged in discussions on a range of global concerns, including peace and security, the reinforcement of multilateralism, the ethical use of artificial intelligence, climate change, global health, and economic and financial issues.
During the Plenary Session of the Summit, PM Modi delivered an address on the theme of ‘Strengthening Multilateralism, Economic-Financial Affairs, and Artificial Intelligence.’
Commenting on Modi’s visit, Shreyans Goyal, Chairman and MD of Shakti Groups, remarked, “The Prime Minister’s vision for India and Brazil is advancing steadily. I believe we are approaching a time when India will emerge as a global leader. The momentum we see today is a result of the inspiration and direction provided by Prime Minister Modi.”
While speaking to ANI, Goyal noted, “Brazil is a leading player of ethanol… In 2005, we first imported ethanol from Brazil into India, and now, today, we are standing at a point where, in the next few years, we’ll be exporting ethanol from India.”
He also pointed to growing expectations for “technology transfer in renewable energy sectors like ethanol and biodiesel, as well as in agriculture and digitalization,” emphasizing that “India and Brazil, as founding BRICS members, will see their trade ties greatly enhanced by the Prime Minister’s visit.”
The BRICS bloc currently comprises 10 nations: Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, South Africa, and the United Arab Emirates.
