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BRICS Nations Have Unique Opportunity To Strengthen Manufacturing Competitiveness: Piyush Goyal

OMMCOM NEWS by OMMCOM NEWS
August 6, 2026
in Nation

New Delhi: BRICS nations have a unique opportunity to strengthen manufacturing competitiveness, deepen technological collaboration, build resilient value chains and promote sustainable industrial growth, Union Commerce and Industry Minister Piyush Goyal said on Thursday.

Addressing the BRICS Industry Ministers’ Meeting in Jaipur under India’s BRICS 2026 Chairship, Goyal said the discussions focused on the future of industrial cooperation and economic collaboration among BRICS member nations.

“Delighted to address the BRICS Industry Ministers’ Meeting in Jaipur under India’s BRICS 2026 Chairship, where we discussed the future of industrial cooperation and economic collaboration,” Goyal stated.

“Emphasised that BRICS nations have a unique opportunity to strengthen manufacturing competitiveness, deepen technological collaboration, build resilient value chains, and promote sustainable industrial growth,” he mentioned.

He said India highlighted its priorities of strengthening micro, small and medium enterprises (MSMEs), fostering startup innovation, expanding clean energy cooperation and building technology-enabled logistics ecosystems to drive sustainable industrial development.

The minister said a key outcome of the meeting was the adoption of the Joint Declaration, which reaffirmed the member countries’ shared commitment to advancing practical cooperation under the BRICS Partnership on New Industrial Revolution (PartNIR).

“Also highlighted India’s priorities of strengthening MSMEs, fostering startup innovation, expanding clean energy cooperation, and building technology-enabled logistics ecosystems,” the minister stated.

“A key outcome of the meeting was the adoption of the Joint Declaration, reaffirming our shared commitment to advancing practical cooperation under the BRICS Partnership on New Industrial Revolution (PartNIR) and strengthening collaboration across industrial innovation, clean energy, logistics, and resilient manufacturing,” Goyal added.

According to Goyal, the declaration also underscored the resolve of BRICS nations to strengthen collaboration in industrial innovation, clean energy, logistics and resilient manufacturing.

He further said that, guided by Prime Minister Narendra Modi’s vision, India remains committed to strengthening partnerships across the expanded BRICS family and translating dialogue into meaningful outcomes for shared growth and prosperity.

“Guided by PM Narendra Modi’s vision, India remains committed to strengthening partnerships across the expanded BRICS family and translating dialogue into meaningful outcomes for shared growth and prosperity,” Goyal mentioned.

(IANS)

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