Here are the live updates from the BRICS Summit 2017:
"India is changing fast into one of the most open economies in the world today. Foreign Direct Investment inflows are at an all-time high, rising by 40 per cent. India has moved up in the World Bank Index of Ease of Doing Business. Similarly, we have moved up 32 spots in last two years in the Global Competitiveness Index," Prime Minister Narendra Modi said at the BRICS Summit 2017.
Prime Minister Narendra Modi shakes hands with Chinese President Xi Jinping at BRICS Summit 2017 (AFP)
BRICS member states today signed four agreements. They are BRICS Action Agenda on Economic and Trade Cooperation, BRICS Action Plan for Innovation Cooperation (2017-20), Strategic Framework of BRICS Customs Cooperation, and Memorandum of Understanding between the BRICS Business Council and the New Development Bank on Strategic Cooperation or NDB. NDB is a multilateral development bank set up by BRICS.
PM concludes: We count on the BRICS Business Council to take us closer to our common objective of improving business &investment cooperation
- Raveesh Kumar (@MEAIndia) September 4, 2017
The Goods and Services Tax or GST is India's biggest economic reform, Prime Minister Narendra Modi said at the BRICS Business Council session today. He said state-run programmes such as Digital India, Start-Up India and Make In India are changing the economic landscape of the country. "These programmes are helping turn India into a knowledge-based, skill-supported and technology-driven society," PM Modi said.
As PM @narendramodi & Prez @MichelTemer meet on sidelines of #BRICS2017, look at the multifaceted #IndiaBrazil tieshttps://t.co/fhulaalB81 pic.twitter.com/xI3Cn9a3rI
- Indian Diplomacy (@IndianDiplomacy) September 4, 2017
Here are highlights on my intervention at the BRICS Summit plenary session. https://t.co/DRFUwh8WCk
- Narendra Modi (@narendramodi) September 4, 2017
Had a fruitful discussion with President Putin. We discussed various aspects of India-Russia relations. @KremlinRussia_E pic.twitter.com/pAq07YlUed
- Narendra Modi (@narendramodi) September 4, 2017
A partnership based on a common global vision & shared democratic values. PM @narendramodi engages with Brazilian President @MichelTemer pic.twitter.com/ifoEyCDygj
- Raveesh Kumar (@MEAIndia) September 4, 2017
PM @narendramodi seeks strong partnership among #BRICS nations to spur growth https://t.co/6aLW3vn7CO#BRICSSummit pic.twitter.com/hmFJ2D3Qxu
- NDTV (@ndtv) September 4, 2017
#BRICS Business Council meeting later in the day, 4 agreements to be signed: Preeti Saran, Secretary (East), @MEAIndia#BRICSSummit
- NDTV (@ndtv) September 4, 2017
#BRICSSummit | @MEAIndia addresses a press conference in Xiamen, China
- NDTV (@ndtv) September 4, 2017
Watch LIVE: https://t.co/hMlRpgrUU6 pic.twitter.com/WKDi4WJlJI
PM @narendramodi meeting Russian President Mr. Vladimir Putin, on the sidelines of 9th #BRICSSummit in Xiamen, China pic.twitter.com/o6t5zHk0ek
- PIB India (@PIB_India) September 4, 2017
Prime Minister Narendra Modi was welcomed this morning by Chinese President Xi Jinping with a handshake at the International Conference Center in China's Xiamen. The Chinese leader greeted the leaders of the five BRICS countries - a group of the emerging economies of Brazil, Russia, India, China and South Africa - at the ninth edition of the BRICS Summit in the port city.
PM @narendramodi at the #BRICS Plenary Session in Xiamen, China | Track LIVE #BRICSSummit updates here: https://t.co/WM0StfxNs2 pic.twitter.com/ma3XcfqzJw
- NDTV (@ndtv) September 4, 2017
PM Shri @narendramodi and other BRICS leaders, at the Plenary Session of the 9th BRICS Summit in Xiamen, China. pic.twitter.com/D4fIltvf10
- BJP (@BJP4India) September 4, 2017
Here are the highlights of Chinese President Xi Jinping's speech at the BRICS Summit in Xiamen:
1) As the world undergoes profound changes, BRICS cooperation has become more important.
2) Despite our differences in national conditions, our five countries are in similar stages of development and share the same development cause.
3) We should speak with one voice and jointly present our solutions to issues concerning international peace and development.
4) I am pleased to note the important consensus reached at leadership level on closer people-to-people exchanges being translated into reality.
5) China will contribute $4 million to the NDB project preparation facility to support business operations and long term development of the bank.
6) Our ever closer ties with the rest of the world require that we five countries play a more active part in global governance.
7) Without our participation, many pressing global challenges cannot be effectively resolved.
Taking forward the agenda of Building Responsive and Inclusive Solutions. #BRICS leaders at the Plenary Session of the Summit pic.twitter.com/29womnEgnN
- Raveesh Kumar (@MEAIndia) September 4, 2017
Prime Minister Narendra Modi's statement at the Plenary Session of the 2017 BRICS Summit in China's Xiamen.
Here are the highlights of what he said:
1) PM Modi begins his statement by thanking Chinese President Xi Jinping for a warm reception and excellent organisation of the BRICS Summit
2) BRICS has developed a robust framework for cooperation; contribute stability and growth in a world drifting towards uncertainty
3) Our endeavours today touch diverse areas of agriculture, culture, environment, energy, sports, and ICT.
4) Appreciating thrust in people-to-people exchanges, PM Modi states that such inter-mingling will "consolidate our links and deepen our understanding".
5) We are in mission-mode to eradicate poverty; to ensure health, sanitation, skills, food security, gender equality, energy, education.
6) Our women's empowerment programmes are productivity multipliers that mainstream women in nation building.
7) PM urges early creation of BRICS rating agency to cater to financing needs of sovereign and corporate entities of developing countries.
8) Our Central Banks must further strengthen their capabilities & promote co-operation between the Contingent Reserve Arrangement and the International Monetary Fund (IMF).
9) Affordable, reliable and sustainable access to energy is crucial for development of our nations. Renewable energy is particularly important.
10) BRICS countries can work closely with ISA to strengthen the solar energy agenda: PM Modi on International Solar Alliance.
11) We need to mainstream our youth in our joint initiatives; scaled up cooperation in skill development and exchange of best practices.
12) PM Modi emphasises the need to accelerate track of cooperation in smart cities, urbanisation and disaster management - continuing dialogue at Goa.
13) A strong BRICS partnership on innovation and digital economy can help spur growth, promote transparency & support the SDGs.
14) PM Modi welcomes cooperation for capacity building between BRICS and African countries in area of skills, health, infra, manufacturing and connectivity.