At the BRICS Business Forum in New Delhi, President Cyril Ramaphosa urged BRICS members to direct investment toward local manufacturing, mineral beneficiation, and productive capacity rather than reinforcing Africa’s role as a raw-material exporter.
South African President Cyril Ramaphosa said BRICS members and companies must rethink sourcing, production and investment amid global economic reconfiguration.
Chinese President Xi Jinping is expected to attend the BRICS summit in New Delhi shortly after the SCO summit in Bishkek, emphasizing Global South solidarity, development, and multilateral cooperation.
The 18th BRICS summit in Delhi is expected to focus on economic cooperation, local-currency trade, institutional reform and consensus-driven agenda items amid geopolitical tensions.
A dedicated BRICS agricultural portal is planned to connect farmers, agri-tech start-ups, researchers, investors and businesses across member countries to boost agricultural trade, technology exchange and investment.
As BRICS pursues financial self-reliance, the Delhi summit must clarify who bears the cost of guarantees, private capital mobilization, and development lending through the New Development Bank.
New Delhi aims to turn the effects of conflicts into an agenda of dialogue, economic security and global governance reform.
Brazil’s foreign minister represents Brazil at the BRICS summit in New Delhi and highlights the group’s role in dialogue and economic cooperation.
Iranian President Masoud Pezeshkian met Indian Prime Minister Narendra Modi before the BRICS summit in New Delhi as the bloc faces divisions over the Middle East conflict.
