PM Modi Bats For A Cross-Border Corridor For BRICS Startups
Prime Minister (PM) Narendra Modi has urged the BRICS (Brazil, Russia, India, China and South Africa) nations to set up…
Prime Minister Narendra Modi has called for the creation of a cross-border startup corridor among the BRICS nations at the BRICS Business Forum in New Delhi. He proposed supporting 100 startups annually to enter new markets and developing 1,000 new partnerships among their businesses. Modi also urged the formation of a report to identify the top 10 trade barriers among the BRICS countries.
The Prime Minister praised India's thriving startup ecosystem, which houses 2 lakh startups and 120 unicorns. The New Delhi Declaration, adopted by the BRICS nations, highlighted the safe, ethical, and human-centered use of emerging technologies like AI, and identified quantum technologies as an area for cooperation. The declaration emphasized strengthening cooperation on digital transformation, cybersecurity, and combating deepfakes.
Additionally, the bloc explored the potential creation of a BRICS Startup Innovation Fund and a virtual platform to connect young founders, researchers, and innovators across member countries.
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