India successfully concludes the Tenth BRICS Industry Ministers' Meeting in Jaipur under its BRICS Chairship 2026

Key Highlights:

• The Tenth BRICS Industry Ministers' Meeting successfully concluded in Jaipur, Rajasthan.
• The meeting was held under India's BRICS Chairship 2026, focusing on industrial capabilities and technological transformation.
• The theme for the meeting was "Building for Resilience, Innovation, Cooperation and Sustainability."
• A major outcome was the adoption of the Joint Declaration of the Tenth BRICS Industry Ministers’ Meeting.
• Union Minister Shri Piyush Goyal emphasized leveraging complementary strengths to build resilient industries.

Detailed Insights:

• The meeting culminated ministerial engagement under the BRICS Partnership on New Industrial Revolution (PartNIR).
• India's Chairship aims to provide continuity and foster greater confidence among businesses, investors, and innovators.
• Progress under PartNIR included a framework for the SME Working Group and an action plan for the Working Group on Photovoltaic Industry.
• An action plan for innovation-led growth by Startups was also finalized during the Chairship.
• The Joint Declaration reflects a collective commitment to practical cooperation for strengthening industries and improving lives.
• India will also host the 16th BRICS Trade Ministers' Meeting (TMM) in Jaipur on August 7, 2026.
• Discussions in the Contact Group on Economic and Trade Issues (CGETI) focused on strengthening the multilateral trading system and MSME participation.
• These efforts contribute to India's vision of Viksit Bharat@2047 by fostering resilient supply chains and innovation.

Key Concepts Involved:

• BRICS: An acronym for an association of five major emerging national economies: Brazil, Russia, India, China, and South Africa.
• New Industrial Revolution (PartNIR): A BRICS initiative aimed at fostering industrial collaboration, technological transformation, and innovation among member countries.
• BRICS Chairship: The rotating leadership of the BRICS group, responsible for organizing meetings and setting the agenda for a specific year.
• Viksit Bharat@2047: India's vision to become a developed nation by 2047, the centenary of its independence.