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Modi Calls on BRICS Business Council to Cut Trade Barriers, Boost Startups

PM Narendra Modi asked the BRICS Business Council to draft a report eliminating the top ten trade barriers, back 100 startups yearly, and create a thousand business partnerships across BRICS.

Speaking at a BRICS Business Council meeting, Prime Minister Narendra Modi said that as the bloc moves into its third decade, the council should prepare a report identifying the ten most significant trade barriers among member nations.

He also called for a programme to support 100 BRICS‑origin startups each year, helping them expand into other member markets, and set a target of forging a thousand new business partnerships across the group.

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Modi framed the initiatives as part of a broader push to deepen intra‑BRICS trade, reduce friction, and create a more resilient supply chain, urging member governments to collaborate on implementation.

Why This Matters

By targeting the most restrictive trade obstacles and nurturing a pipeline of startups, the proposals aim to accelerate economic integration within BRICS, opening new markets for Indian firms and enhancing the bloc's collective competitiveness. A thousand fresh partnerships could spur cross‑border investment, diversify supply chains, and strengthen diplomatic ties, while the startup support scheme promises technology transfer and job creation across member economies.

Reporting based on verified dispatches from Latestly. View primary release ↗
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