New Delhi, Sep 9: India’s upcoming BRICS Summit can provide a strong platform to turn its growing engagement with the Global South into greater trade, investment and business opportunities, industry representatives said.
The 18th BRICS Summit is scheduled to be held in New Delhi on September 12-13, with trade, finance, technology, investment and economic cooperation among the key areas of discussion.
Industry leaders believe India should use its BRICS presidency to move beyond diplomatic engagement and create practical opportunities for businesses. Greater cooperation among emerging economies could help Indian companies access new markets, attract investment and build stronger international partnerships.
The focus could include easier trade procedures, stronger supply chains, improved access to finance and greater cooperation in areas such as manufacturing, technology, infrastructure, healthcare, agriculture and renewable energy.
For Indian businesses, deeper engagement with Global South economies could open new avenues for exports and investment at a time when companies are looking to diversify markets and reduce dependence on traditional trade routes.
Digital technology could also play an important role. Cooperation in digital payments, trade finance and technology can make cross-border transactions easier and create new opportunities for small and medium-sized businesses. Discussions around the BRICS Economic Partnership 2030 are also expected to focus on trade, investment, supply-chain integration and financial cooperation.
The industry view is that the real value of the summit will depend on how effectively agreements and partnerships are converted into business activity. Greater connectivity among BRICS economies could help Indian companies expand their international presence while attracting more foreign investment into the country.
With India hosting the summit, the event provides an opportunity to strengthen its role as a bridge between major emerging economies and translate its growing Global South partnerships into tangible economic gains.