BRICS Summit: India Can Use BRICS to Diversify Supply Chains and Expand Global Business Ties, Says FICCI

Source: CNBC TV18 | Original Published At: 2026-09-11 13:11:42 UTC

Key Points

• FICCI President Anant Goenka said BRICS can help India diversify supply chains and expand business ties as global trade routes shift.
• He said BRICS members can leverage strengths in manufacturing, energy, agriculture, technology, and consumer markets.
• Goenka said BRICS opportunities extend beyond trade to joint ventures, technology sharing, investment, and sustainability cooperation.
• China remains important to India’s industrial and supply-chain ecosystem despite trade tensions, with calls for deeper partnerships and market access.
• Current BRICS engagement is emphasizing execution and tangible outcomes in resilience, innovation, sustainability, cooperation, energy, and food products.
• India’s low-cost digital payments infrastructure could be extended to BRICS and other emerging markets, benefiting micro, small, and medium enterprises.