Business · India Bureau
India Should Lead BRICS Push on Technology Sharing: Chamber Chief
The chairman of the BRICS Chamber of Commerce and Industry has called for India to prioritize technology-sharing initiatives to strengthen trade within the bloc. The appeal underscores growing momentum among member nations to deepen economic ties and shift focus toward the Global South.
LSN India ·
Sameep Shastri, chairman of the BRICS Chamber of Commerce and Industry, has urged India to champion technology-sharing agreements during discussions within the BRICS framework, positioning such moves as critical to expanding bilateral and multilateral trade relationships.
Shastri's comments reflect a broader strategic reorientation within the five-nation bloc, which comprises Brazil, Russia, India, China, and South Africa. According to the chamber chief, member countries are increasingly focused on complementing one another's strengths rather than competing directly, with a particular emphasis on supporting economies in the Global South.
The emphasis on technology cooperation aligns with BRICS nations' efforts to reduce dependence on developed economies and create robust trade corridors among themselves. By facilitating the transfer of technological expertise and innovations, member states aim to enhance competitiveness and address capacity gaps in manufacturing, digital infrastructure, and emerging sectors.
India's role as a technology and services hub within the bloc positions it well to lead such initiatives. Enhanced technology partnerships could unlock new opportunities for Indian firms while simultaneously strengthening BRICS' collective economic influence in the international marketplace.
The remarks signal expectations that India will leverage its technological capabilities during upcoming BRICS engagements to craft practical frameworks for knowledge and technology exchange among member economies.