Rio de Janeiro. Prime Minister Narendra Modi said in the annual summit of the BRICS Group that the countries of this group should work together to secure the supply chains of important minerals and technology in the annual summit of the BRICS Group. Can’t do it In his address held on multilateralism, financial matters and artificial intelligence, Modi also called for making a global standard for the use of AI to maintain transparency and prevent misuse.
The Prime Minister’s remarks on important minerals, the restrictions imposed by China on the export of these important resources and its opaque policies in the region have come globally. On the other hand, America is also involved in the competition of such minerals. Prime Minister Modi said, “We need to work together to make the supply chain of important minerals and technology safe and reliable. It is important to ensure that no country should use these resources for its selfishness or as a weapon against others.”
Which minerals are competing?
Important minerals such as lithium, nickel and graphite are considered important for high-level technology products including electric vehicles (EV), drones and battery storage. China has been playing a major role in the supply chain of important minerals globally. Regarding artificial intelligence, Modi said that it can improve everyday life a lot, but on the other hand it has also created concerns about risk, morality and prejudice.
AI Impact Summit in India next year
The Prime Minister announced that India would organize the “AI Impact Summit” next year. Modi said, “We believe that the solution of concerns and encouragement of innovation should be given equal importance in the AI rule. We should work together for AI responsible.” He said, “Global standards should be made that can verify the authenticity of digital materials, so that we can identify the source of material and maintain transparency and prevent misuse.” At the summit held in this city of sea coastal Brazil, the top leaders of the BRICS discussed various challenges present in front of the world.
BRICS, a group of 11 major emerging economies of the world
The BRICS has emerged as an impressive group, as it brings together 11 major emerging economies of the world, which represents about 49.5 percent of the global population, about 40 percent of the global GDP and about 26 percent of the global trade. In his address, the Prime Minister also discussed the efforts being made by the BRICS to help the ‘Global South’. The term ‘Global South’ is commonly used to refer to economically less developed countries.
He said, “As BRICS New Development Bank (NDB), we have introduced a strong and reliable option to support the development aspirations of Global South countries.” He also said that NDB should focus on demand-operated approach, long-term financial stability and healthy credit ratings. He said, “The strengthening of our internal systems will increase the credibility of our call for improved multilateralism.”
Expectations from BRICS to the countries of ‘Global South’
Modi said that the countries of ‘Global South’ have some special expectations and aspirations from the BRICS and should work together to fulfill them. He said, “For example, the BRICS Agricultural Research Forum established in India is a valuable initiative to increase cooperation in agricultural research.” The Prime Minister also proposed to build the BRICS science and research reserves, which can serve as a valuable resource for the countries of ‘Global South’.
He said, “Global South has high expectations from us. To fulfill them, we have to follow the principle of” lead by example “.” He said, “India is fully committed to working shoulder to shoulder with all its partners to achieve its shared goals.” Originally BRICS was expanded in 2024, which consisted of BRICS made up of Brazil, Russia, India, China and South Africa, which included Egypt, Ethiopia, Iran and United Arabs in the group. Member countries, partners and special invited countries attended the summit.
