BRICS nations adopt joint declaration on industrial cooperation and innovation
Countries
Cooperation areas
Source: The Hindu Business Line | Original Published At: 2026-08-07 04:25:43 UTC
Key Points
- BRICS industry ministers adopted a joint declaration in Jaipur under India's chairship to strengthen industrial cooperation and innovation-driven growth.
- India highlighted the BRICS Partnership on New Industrial Revolution (PartNIR) as a key mechanism for practical industrial collaboration.
- Officials reported the finalisation of an MSME cooperation framework, terms of reference and an action plan for the photovoltaic industry working group, and an innovation-led growth plan for startups.
- Participants emphasised digital transformation, resilient industrial ecosystems and improved transport and logistics, including GIS-based infrastructure and city logistics planning.
- India is also hosting the 16th BRICS Trade Ministers' Meeting in Jaipur on August 7, with discussions covering multilateral trade, MSME participation, resilient supply chains and cross-border digital services.