Ø BRICS Industry Ministers adopt
Joint Declaration to advance industrial growth through enhanced cooperation on MSMEs,
Photovoltaics, Startups, and
Logistics
Ø Framework on Cooperation in
SME Working Group promoted to boost the MSME ecosystems
Ø Terms of Reference and Action
Plan adopted for the BRICS Working Group on the Photovoltaic Industry, establishing
a structured framework for cooperation in the sector
Ø India proposes BRICS Incubator
Network and BRICS Startup Innovation Fund to support Innovation-led
Growth
Ø 16th BRICS Trade Ministers'
Meeting to be Held in Jaipur on August 7 under India's Chairship
·
Meeting
Concluded: The 10th BRICS Industry Ministers' Meeting
concluded on 6 August
2026 in Jaipur,
Rajasthan, under India's
BRICS Chairship 2026.
·
Theme:
The meeting was held under the theme "Building
for Resilience, Innovation, Cooperation and Sustainability."
·
Objective:
To strengthen industrial capabilities, promote technological transformation and
enhance cooperation under the BRICS
Partnership on New Industrial Revolution (PartNIR).
·
Participation:
Industry Ministers and senior representatives from BRICS member countries
attended the meeting.
·
Piyush
Goyal's Address:
o
Welcomed
delegates to Jaipur.
o
Emphasized
translating aspirations into practical innovation and cooperation.
o
Urged
BRICS nations to leverage their complementary strengths to build resilient
industries.
o
Described
PartNIR
as the principal platform for industrial collaboration among BRICS countries.
·
Jitin
Prasada's Remarks:
The Minister of State for Commerce & Industry reaffirmed India's commitment
to stronger industrial partnerships based on cooperation, innovation and mutual
trust.
·
India's
BRICS Chairship Vision:
o
Continue
the legacy of previous Chairships through an
incremental, proactive and pragmatic approach.
o
Build
confidence among businesses, investors and innovators.
o
Promote
practical cooperation with tangible outcomes.
·
Key
Progress under India's Chairship:
o
Finalisation
of the Framework for
Cooperation under the SME
Working Group.
o
Adoption
of the Terms of
Reference and Action Plan for the Photovoltaic Industry Working Group.
o
Finalisation
of the Action Plan on
Innovation-led Growth by Startups.
o
Focus
on resilient transport and logistics systems, including:
§
GIS-based
infrastructure planning.
§
City
logistics planning.
·
Major
Outcome: Adoption of the Joint Declaration of the 10th BRICS
Industry Ministers' Meeting, reaffirming the commitment to move
beyond dialogue towards practical industrial cooperation.
·
National
Statements: Member countries
highlighted:
o
Industrial
development initiatives.
o
Digital
and technological transformation.
o
Resilient
and inclusive industrial ecosystems.
o
Capacity
building and innovation.
o
Continued
support for PartNIR as a platform for practical
collaboration.
·
Support
for India's Initiatives:
BRICS members welcomed the progress made during India's 2026 Chairship and acknowledged that the initiatives would
strengthen institutional cooperation and future-ready industries.
·
Next
Meeting: India will host the 16th BRICS Trade Ministers' Meeting
(TMM) in Jaipur
on 7 August 2026.
·
Preceding
Event: The meeting follows the Third Meeting of the BRICS Contact
Group on Economic and Trade Issues (CGETI) held in New Delhi on 3–4 August 2026.
·
Participants:
The meeting will be chaired by Piyush
Goyal and attended by Jitin Prasada
and Commerce Secretary
Rajesh Agrawal, along with Trade Ministers and senior officials
from BRICS countries.
·
Key
Trade Agenda:
o
Strengthening
the multilateral trading system.
o
Enhancing
MSME participation in international trade.
o
Building
resilient and diversified global value chains.
o
Facilitating
seamless cross-border digitally delivered services.
·
Cultural
Programme: Visiting delegations will
participate in a cultural visit to City
Palace and Hawa Mahal
in Jaipur.
·
Overall
Significance: The meetings reinforce
India's commitment to:
o
A
WTO-centric,
open, inclusive, transparent and rules-based multilateral trading system.
o
Stronger
industrial and trade cooperation among BRICS nations.
o
Innovation-driven
growth, resilient supply chains, greater MSME participation and the vision of Viksit Bharat@2047.
[ABS News Service/07.08.2026]
The Tenth BRICS Industry Ministers' Meeting concluded successfully
on 6 August, 2026 in Jaipur, Rajasthan, under India's BRICS Chairship
2026. The meeting brought together Industry Ministers and senior representatives
from BRICS member countries to culminate the ministerial engagement under the BRICS
Partnership on New Industrial Revolution (PartNIR).
Held under the theme “Building for Resilience, Innovation,
Cooperation and Sustainability,” the meeting provided a platform for member countries
to deliberate on strengthening industrial capabilities, harnessing technological
transformation, and creating greater opportunities for collaborative action.
Addressing the meeting, Piyush Goyal, Union Minister of Commerce
and Industry (CIM), welcomed the delegates to Jaipur, describing it as a city that
seamlessly blends centuries of craftsmanship with the aspirations of a modern industrial
economy.
The CIM emphasized that in a rapidly evolving landscape, aspirations
must be translated into practical innovation and cooperation. He underscored that
BRICS countries must leverage their complementary strengths to build resilient industries
and highlighted that PartNIR has evolved into the principal
mechanism for this collaboration
The Minister of State for Commerce & Industry, Jitin Prasada, reaffirmed India's
commitment to fostering stronger industrial partnerships among BRICS Member Countries
and highlighted the role of cooperation, innovation and mutual trust in building
a resilient and inclusive industrial future.
The CIM recalled that the BRICS journey commenced with the
inaugural Summit in Yekaterinburg, Russia, in 2009. He appreciated Brazil's leadership
during its Chairship in 2025 and reaffirmed that Bharat
is committed to carrying forward this legacy through an incremental, proactive and
pragmatic approach. He noted that India's Chairship seeks
to provide continuity while fostering greater confidence among businesses, investors
and innovators, and advancing practical cooperation that delivers tangible outcomes
for all BRICS members.
The CIM apprised the gathering of the significant progress
achieved under India's BRICS Chairship through PartNIR. He also highlighted the outcomes of the extensive deliberations
undertaken by the Advisory Group and the thematic Working Groups across the four
priority areas identified by India, aimed at establishing enduring institutional
mechanisms to deepen industrial cooperation among BRICS member countries. These
included the finalisation of the Framework for Cooperation in the SME Working Group,
the adoption of Terms of Reference and Action Plan for Working Group on Photovoltaic
Industry, finalisation of the Action Plan on innovation-led growth by Startups. Further, the importance of resilient industry related
transport and logistics systems, including GIS-based Infrastructure Planning and
City Logistics Planning were highlighted.
A major outcome of the meeting was the adoption of the Joint
Declaration of the Tenth BRICS Industry Ministers’ Meeting. The Declaration reflects
the collective commitment of member countries to move beyond dialogue toward the
implementation of practical instruments of cooperation that strengthen industries
and improve lives.
During the Meeting, Industry Ministers and Heads of Delegation
from BRICS Member Countries shared their national perspectives, highlighting key
policy initiatives, priorities, and achievements in promoting industrial development.
The statements underscored a shared commitment to strengthening industrial capabilities,
accelerating digital and technological transformation, fostering resilient and inclusive
industrial ecosystems, and enhancing cooperation to address common development challenges.
Member countries reaffirmed the importance of the PartNIR
as a key platform for advancing practical collaboration, knowledge sharing, capacity
building, and industrial innovation among BRICS members. Delegations also welcomed
the progress made under India's 2026 Chairship, noting
that the initiatives undertaken under PartNIR would contribute
to strengthening institutional cooperation, fostering innovation and capacity building,
and supporting the development of resilient, competitive, and future-ready industries
across BRICS.
India, under its BRICS Chairship,
is also hosting the 16th BRICS Trade Ministers' Meeting (TMM) in Jaipur, Rajasthan,
on 7 August 2026, following the Third Meeting of the BRICS Contact Group on Economic
and Trade Issues (CGETI) which was held on 3rd and 4th August 2026 in New Delhi.
The Ministerial Meeting will be chaired by Piyush Goyal, Union Minister of Commerce
& Industry and attended by Jitin Prasada, Union Minister of State for Commerce & Industry
and Rajesh Agrawal, Commerce Secretary. The Meeting will bring together Trade Ministers
and senior officials from BRICS Member Countries to deliberate on key issues relating
to international trade and economic cooperation.
Under the overarching theme, "Building for Resilience,
Innovation, Cooperation and Sustainability," deliberations have focused on
advancing economic cooperation among BRICS Member Countries. Discussions under the
Third Contact Group on Economic and Trade Issues (CGETI) have centered on strengthening the multilateral trading system, enhancing
the participation of MSMEs in international trade, fostering resilient and diversified
global value chains, and facilitating seamless cross-border digitally delivered
services.
During the Trade Ministerial deliberations, the visiting Ministers
and their delegations will participate in a cultural excursion to City Palace and
Hawa Mahal showcasing India's
rich heritage and traditions. The technical sessions will provide an opportunity
for Ministers to exchange views on strengthening trade and economic cooperation
among BRICS Member Countries.
The BRICS Trade Ministers' Meeting marks a significant milestone
under India's BRICS Chairship and reaffirms India's commitment
to promoting an open, inclusive, transparent, equitable and rules-based multilateral
trading system with the WTO at its core. The deliberations are expected to contribute
to India's vision of Viksit Bharat@2047 by fostering resilient
supply chains, innovation-driven growth, stronger MSME participation in international
trade, and deeper economic cooperation among emerging economies.