Beijing, September 4: Prime Minister Narendra Modi, speaking at the BRICS Summit, called for cooperation between the five member nations for peace and development. Chinese President Xi Jinping welcomed BRICS leaders including PM Modi at the International Conference Center in Xiamen City of China.
The Prime Minister urged for an early creation of BRICS rating agency to cater to needs of sovereign and corporate entities of developing countries. “Our Central Banks must further strengthen their capabilities & promote co-operation between the Contingent Reserve Arrangement & the IMF”, he added.
PM Modi urged the BRICS nations to work closely with International Solar Alliance to further their solar energy agenda. Stressing on vitality of renewable energy, PM Modi said, “Affordable, reliable & sustainable access to energy is crucial for development of our nations.” He urged BRICS nations to work closely on International Solar Alliance.
"Despite our differences in national conditions, our 5 countries are in similar stage of development and share same development cause," he said. Xi promised to contribute US$4mn to NDB project preparation facility.
As a part of the Summit, Modi will attend BRICS plenary session, opening ceremony of BRICS Cultural Festival, and a meeting with BRICS Business Council and Signing Ceremony. Modi is also scheduled to meet Russian President Vladimir Putin.