With the recent attacks in Paris clouding the G20 Summit, India strongly condemned the terrorist attacks at the meeting of BRICS leaders. At the meeting that took place on the sidelines of the G20 Summit, Prime Minister Narendra Modi made a case for united global efforts to combat the menace of terrorism.
“We stand united in strongly condemning the dreadful acts of terrorism in Paris… The entire humanity must stand together as one against terrorism. The need for a united global effort to combat terrorism has never been more urgent” said PM Modi at the BRICS meeting on Sunday.
It was accounted that India, which will take over the Chairmanship of Brazil, Russia, India, China, South Africa (BRICS) associaiton from February 1, 2016, will accord priority to tackling terrorism.
Just two days following one of the worst terror attacks on France that killed 129 people and left several people in a critical condition, PM Modi asserted that Combating terrorism “must also be a priority for BRICS nations”.
PM Modi did not fail to “express deepest sympathy and support to Russia for the loss of life in Sinai. Ankara and Beirut are also reminders of terror’s growing spread and impact”.
There was a time when the logic of BRICS and its lasting capacity were being questioned; the G20 consists of nineteen member nations including the strong-heads of the US, the UK, Russia, Germany and others, whereas BRICS on the other hand is the association of five economically growing nations. In this context, PM Modi said “we have provided proof of the relevance and value of BRICS through our actions. And, this has come at a time of huge global challenges” and added that “together, we can also give shape to G20″.
Mentioning that India attaches the highest importance to BRICS, PM Modi expressed that India was honoured to assume the Chairmanship of BRICS and build on the great work done by other Members.
The theme of India’s BRICS Chairmanship “will be ‘Building Responsive, Inclusive and Collective Solutions’ which, in short, will be ‘BRICS’. It aptly describes the ethos of our group,” PM Modi said.
The BRICS USD 100 billion currency reserve pool has been set up to protect the group countries’ currencies from volatility in global markets. Chinese President Xi Jinping has given word to contribute USD 41 billion to the Fund. While Brazil, India and Russia will chip in USD 18 billion
each. South Africa will contribute USD 5 billion.
The New Development Bank, the Currency Reserve Arrangement, Strategy for BRICS Economic Cooperation – these are clear evidence of the vision and resolve of these growing economies.
The BRICS leaders also discussed economic issues. The Chinese President urged all BRICS leaders to jointly withstand the crisis in the global economy. “The world economy faces new destabilisation factors, and in this regard the BRICS countries should take a joint stance on these challenges,” he said.
PM Modi reached the Mediterranian city of Antalya late on Saturday night after after his three-day visit to the UK .He posted an update on on the micro-blogging site Twitter, that he would “meet world leaders and discuss global economic and security issues”.
(With Inputs from News Agencies)