Focus on supply of critical minerals, says PM Modi at BRICS
Prime Minister Narendra Modi has called for a multipolar and inclusive world order, underscoring the urgent need to reform global governance institutions such as the UN Security Council, IMF, World Bank and WTO to reflect contemporary realities.
PM further made four suggestions at the 17th BRICS Summit in Rio de Janeiro, calling on the group’s New Development Bank to follow demand driven principle and long-term sustainability for granting projects https://www.bseindia.com/.
He underlined the need to focus on supply chain of critical minerals, set up a Science and Research repository for the benefit of the global south countries and work for responsible Artificial Intelligence (AI) while looking into the concerns of AI governance by giving equal importance to promoting innovation in the field https://www.nseindia.com/.
Addressing the session on “Strengthening Multilateralism, Economic-Financial Affairs and Artificial Intelligence”, the Prime Minister pointed out that diversity and multipolarity were valued strengths of the BRICS http://commerce.gov.in.
He stressed that at a time when the world order was under pressure and the global community facing uncertainty and challenges, the relevance of BRICS http://infobrics.org was evident.
PM Modi added that BRICS could play an important role in shaping a multipolar world. The Rio de Janeiro BRICS summit was held 6-7 July 2025. Fiinews.com
