00:00Quickly also, I want to now cut across to the latest picture,
00:02the family photo right now.
00:05BRICS leaders coming together for their photo op.
00:08Now, this sets the stage for the BRICS summit.
00:12You know, Sandeep, very, very important.
00:15The BRICS family photo, 49% world population,
00:1943% oil production, 40% GDP, 26% trade,
00:23all on one stage soon.
00:26Right now, it's the Russia picture.
00:27And then, gradually, we'll have the family photo.
00:31Well, absolutely, Gaurav.
00:33This is the first in the series of the family photographs
00:35that are going to come out of the BRICS summit.
00:37Of course, you have Prime Minister Modi,
00:39President Putin, President Pejesh Kian.
00:42You have Foreign Minister Jaishankar,
00:45Commerce Minister Piyush Goyal.
00:47This is the big picture.
00:49And it will be the first in a series of more such photographs.
00:53We'll have a bigger photograph, most probably tomorrow,
00:56at around the same time, Gaurav.
00:58That will be the definitive image of BRICS.
01:00But this is, so far, this is the trailer of what to expect
01:03in the next couple of days, Gaurav.
01:06This is one of the most significant multilateral events
01:10that India has organized at a time
01:12when you're looking at conflict all around the world.
01:15You're looking at literally three parallel conflicts that are on.
01:18And you have India, which is the oasis of peace, of stability,
01:23which is growing at a steady clip of 7.8%.
01:26And which wants all of these conflicts to end
01:29because, like you mentioned before, Gaurav,
01:31double digits grow.
01:32Sandeep, we're also getting the latest on the meeting
01:36between Prime Minister Narendra Modi
01:38and the Russian President Vladimir Putin,
01:40who met on the sidelines of BRICS.
01:41I want to quickly bring in Shivani Shorpa for more on this.
01:44The statement reads, Shivani, that the two...
01:48The Minister of Foreign Affairs
01:50of the Federative Republic of Brazil,
01:52His Excellency Mauro Vieira.
01:56Thank you, Your Excellencies.
01:59It is now my privilege
02:01to invite Sri Piyush Goyal,
02:03Honorable Minister of Commerce and Industry,
02:06Government of India,
02:07to deliver the welcome address.
02:08Ladies and gentlemen, Sri Piyush Goyal.
02:18Sri Narendra Modi ji,
02:21the Honorable Prime Minister of the Republic of India,
02:25His Excellency Mr. Vladimir Putin,
02:29President of the Russian Federation,
02:32His Excellency Mr. Cyril Ramaphosa,
02:36President of the Republic of South Africa,
02:41His Excellency Dr. Pezeshkin,
02:44President of the Islamic Republic of Iran,
02:48His Excellency Mr. Mauro Vieira,
02:51Minister of Foreign Affairs
02:53of the Federative Republic of Brazil,
02:57Chairs of BRICS Business Councils,
03:00and the Women's Business Alliance,
03:05distinguished ladies and gentlemen.
03:08It is my profound privilege
03:10to welcome Your Excellencies
03:13to the Leaders' Session
03:15of the BRICS Business Forum.
03:19During India's chairship,
03:21we have been driven by a clear purpose
03:25to achieve more balanced trade among our countries
03:30and to explore the expansion of trade in services
03:35across the BRICS family.
03:39Under the visionary leadership
03:41of Prime Minister Narendra Modi,
03:45India remains committed
03:47to ensuring that this cooperation
03:51reaches those who form the backbone
03:55of our economies.
03:57It must benefit our farmers,
04:02empower our women in business and beyond,
04:07and provide greater opportunities
04:10for wealth and prosperity
04:12to our young entrepreneurs and MSMEs.
04:18With over 2,000 business leaders and delegates
04:22from member countries and partners
04:25gathered here today,
04:27this is the largest BRICS Business Forum ever held.
04:40The Forum has taken up issues
04:44such as non-tariff barriers
04:47impacting global value chains,
04:50agriculture and agri-technology,
04:53services trade,
04:56women-led enterprises,
04:58and the digital economy.
05:01The BRICS Business Council
05:03has completed its annual report
05:06with over 44 recommendations.
05:10The BRICS Women's Business Alliance
05:13met over the last two days
05:15and has set the path
05:18for a greater role
05:19for women-led businesses
05:22across BRICS countries.
05:25The growing relevance of BRICS
05:28is reflected in our trade performance.
05:32Merchandise exports
05:34from BRICS countries to the world
05:36increased from about $900 billion
05:40in 2003
05:43to now nearly $6 trillion
05:46in 2024.
05:48raising our share
05:55of global exports
05:57from about 12%
05:59to now nearly 24%.
06:03This remarkable expansion
06:06demonstrates the scale
06:09of the BRICS market
06:10and our potential
06:12to deepen trade further
06:15in the years ahead.
06:17Our task now
06:19is to translate
06:21this momentum of growth
06:22into stronger
06:24intra-BRICS trade,
06:27more resilient supply chains,
06:30and greater opportunities
06:32for our businesses.
06:35Friends,
06:37your presence
06:37tells our entrepreneurs
06:40that their part
06:42in this undertaking
06:44is understood
06:46and supported.
06:48And I thank
06:49our excellencies
06:50for their support,
06:55encouragement,
06:55and motivation
06:57to all of us
06:59and beyond
07:00in the business world.
07:02The forum looks forward
07:04to your guidance,
07:06excellencies.
07:07Thank you very much.
07:09Namaskar
07:10and all the very best.
07:16Thank you,
07:17Minister Goyal, sir.
07:19Excellencies,
07:19distinguished leaders
07:20and guests,
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