Brics business council pushes supply-chain resilience, AI cooperation
The Council called for stronger trade, investment and technology links across member economies, with focus on resilience, digital infrastructure and advanced manufacturing.
The Brics Business Council has advocated for a framework promoting supply-chain resilience, deeper collaboration in artificial intelligence (AI), digital infrastructure, and advanced manufacturing during India's chairmanship. The council's recommendations, presented at the Resilience, Innovation, Cooperation and Sustainability session, aim to convert economic capabilities into practical business opportunities.
The four pillars of focus are resilience, innovation, cooperation, and sustainability. The resilience pillar emphasizes dependable supply chains, food and energy security, modern infrastructure, and diversified production networks. Innovation is aimed at embracing new technologies while innovating together in sectors such as AI, digital infrastructure, and advanced manufacturing.
Cooperation encompasses green hydrogen, biofuels, sustainable fuels, supported by advancements in technology standards, infrastructure, and financing. Sustainability highlights cooperation in green hydrogen, biofuels, sustainable aviation fuel, and low-carbon fuels. The council envisions businesses prioritizing digital infrastructure, paperless trade, and interoperability among systems to boost intra-Brics trade.
The council seeks to leverage the collective strengths of Brics economies to enhance technological collaboration, drive innovation, and improve overall competitiveness and economic growth.
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