Union Commerce and Industry Minister Piyush Goyal participates in the 7th BRICS Industry Ministers meeting
India to launch BRICS Startup Forum in 2023 for facilitating collaboration
among startups, investors, incubators and aspiring entrepreneurs: Piyush Goyal
Piyush Goyal reiterates India’s commitment to "Vasudhaiva Kutumbakam"
as a responsible global citizen
BRICS Industry Ministers re-emphasize on need for digitalization,
industrialization, innovation, inclusiveness and investment among BRICS
countries
Union Minister
of Commerce and Industry, Textiles, Consumer Affairs and Food & Public
Distribution, Piyush Goyal participated in the “7th BRICS Industry
Ministers’ meeting” hosted virtually with South Africa as the Chair yesterday.
Goyal
announced that India will be launching the BRICS Startup Forum in 2023 with the
goal of facilitating collaboration and sharing best practices among startups,
investors, incubators, and aspiring entrepreneurs.
Piyush
Goyal, while highlighting the transformation that has taken place in India,
also commented on the expanding Startup India initiative that has led to the
creation of nearly 100,000 startups in the country. The Minister focused on
“Transforming Production Systems” and the support India can offer to other
BRICS members and the wider international community.
Piyush
Goyal reiterated India’s commitment to "Vasudhaiva
Kutumbakam" (‘The World Is
One Family’) which underscores India's commitment to being a responsible global
citizen and working towards a more inclusive, tolerant and interconnected world.
The
Industry Ministers of other BRICS countries (Brazil, Russia, China and South
Africa) also attended the meeting and the Joint Declaration was adopted.
The Ministers re-emphasized on
the need for digitalization, industrialization, innovation, inclusiveness, and
investment among BRICS countries. They recognized the increasing importance of
Industry 4.0 and other emerging technologies in promoting digital
transformation of all economic sectors. Through the declaration, the BRICS members
acknowledged the need for human resource development and exploring
opportunities for cooperation on upskilling and reskilling programs.
The
Ministers reiterated their commitment to deepen industrial cooperation and
expedite the recovery and growth of the Industrial Economy through jointly
creating an open, fair, vibrant, resilient and non-discriminatory environment.
The
Ministers recognized the key role of Micro, Small and Medium Enterprises
(MSMEs) and the importance of their integration and diversification into global
industrial chains, supply chains and value chains. The Ministers also
underlined the need for creating market opportunities within the BRICS
countries for inclusive growth of projects owned/managed by women, youth and
disadvantaged groups.