- 25 minutes ago
A special news broadcast from Bharat Mandapam in New Delhi covers diplomatic and economic engagements at the 18th BRICS Summit.
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NewsTranscript
00:00Hello and welcome to an India Today special broadcast that comes to you from Bharat Mandapam in the National Capital.
00:07I'm Gaurav Savant and the conversation today is all about the big bang bilaterals at BRICS at Bharat Mandapam.
00:18So Prime Minister Narayan Ramondi had a series of bilaterals with the Iranian President Masood Fevrishkian,
00:24with the Russian President Vladimir Putin, also with Cyril Ramaphosa of South Africa.
00:31There are meetings that are happening with other heads of state and governments,
00:35whether bilaterals or at the multilateral forum.
00:38But there is a big message that comes out of the BRICS summit as all eyes now are focused on
00:46the Prime Minister's meeting
00:48with the Chinese President Xi Jinping scheduled for 5.45 tomorrow evening.
00:53where the Chinese President will be here for the BRICS summit.
00:58Now, BRICS started as a group of four in 2006, Brazil, Russia, India and China.
01:06But it's travelled a long distance, 20 years, now the family is 21 strong.
01:1410 members, 11 partners, members and partners.
01:18So this family is growing bigger, growing bigger in heck.
01:23The Prime Minister spoke of it, the Russian President spoke of it,
01:26but it's yet to achieve its full potential.
01:29And the Iranian President and the South African President spoke of BRICS,
01:33should now come together to realise its full potential.
01:36The Russian President was very clear.
01:38When you talk of BRICS, this is an organisation that represents 40% of global GDP
01:43as against G7 countries that the Russian President said represents only 18%.
01:49Prime Minister Narendra Modi, when he spoke of BRICS,
01:52he spoke of the Shakti of 50% of the world population, 40% of global GDP.
01:58Of course, there's also that one more aspect of 43% of global oil production,
02:0225% of global trade.
02:05But how do you take this forward?
02:07And that's our top focal story.
02:09We'll talk about Big Bang Bilaterals.
02:12We'll also talk about the Multilateral Groupings.
02:14So let's split this.
02:15We'll first talk about India-Russia.
02:17Then we'll talk about India-China.
02:19We'll also talk about India-Iran.
02:21And we have experts and guests joining us from across the world
02:26because this is something that the world is watching.
02:29Let's first talk about Prime Minister Narendra Modi
02:32and the Russian President Vladimir Putin.
02:35Listen in to both Prime Minister Narendra Modi
02:37and the Russian President Vladimir Putin
02:38at the 18th BRICS Summit, the Leaders Summit here in the National Capital.
02:43I'll get you more of this picture.
02:46Our Western competitors are doing everything to get back their erstwhile competitive edge
02:53and sometimes this competition is taking some ugly forms
02:58and this is something our colleague from Iran has spoken about.
03:01These ugly forms are something we see even at the state level,
03:04at the government level.
03:05Sometimes there are measures resorted to of a physical nature
03:10when pipelines are being destroyed,
03:13when attempts are undertaken to block international transport corridors
03:17to seize maritime vessels,
03:21other illegal restrictions are being applied
03:25and there's also the threat of so-called secondary sanctions
03:28against those who do not want to follow someone else's interest
03:32and rather looks after their own.
03:35Prime, global trade
03:38tabhi aage aage saktah hai
03:41jab sea lanes secure ho
03:46supply routes open ho
03:48aur seafarers safe ho
03:52aur is liye
03:55bharat freedom of navigation
03:59aur seafarers ki safety ka drad samarthak hai
04:02freedom of navigation is extremely important
04:05and freedom of navigation remains challenged right now
04:08whether you talk about the state of Hormuz
04:10or you talk about
04:11Babal Mandap
04:12the conflict
04:12is actually expanding
04:14and there is this big question
04:16can BRICS countries
04:17play a role
04:18in reducing divergences,
04:21reducing conflict,
04:22increasing convergences
04:24and increasing trade.
04:25Now that Prime Minister Narendra Modi indicated
04:27will benefit
04:28not just BRICS partner countries
04:30it will benefit
04:32the entire world.
04:34But before we go on to that
04:35I quickly want to cut across
04:36and bring in
04:37Russia TV journalist
04:39Dimitri Leonitev
04:41who joins us on this broadcast.
04:43Dimitri is also covering
04:44Russian President Vladimir Putin.
04:46Dimitri, welcome.
04:48Dimitri Leonitev,
04:49how is Russia
04:51viewing the BRICS summit
04:53and the visit of the Russian President
04:55Vladimir Putin
04:56and what he said
04:57here in the national capital?
05:02Well, I think every meeting
05:05between Russia and India
05:07is helpful.
05:08We understand that
05:09both Russia and India
05:11have been partners for decades now
05:13and this is a trusted relationship
05:16but it has developed
05:17in a new level.
05:19It's not a secret
05:20that from 2022
05:21Russia has experienced
05:22quite harsh economic difficulties.
05:26India showed itself
05:27as a trusted partner
05:28and a long time partner.
05:31The relationship we have with India
05:33is quite different
05:34than the relationship
05:35we have with other countries.
05:37If you look at defense,
05:38for example,
05:39we don't sell weapons,
05:40only sell weapons to India.
05:42We develop weapons together.
05:43When you're sharing
05:44military know-how
05:46that shows a different
05:47kind of relationship
05:48than rather,
05:51not just a financial one
05:52but a relationship
05:53which works in the future.
05:55In this concrete meeting
05:57there is a few things
05:58which I think
05:59are quite important.
06:01The India has suggested
06:04not just for Russia
06:05but for all the BRICS countries
06:06having a single
06:08unified monetary system
06:12payment system
06:13and I think
06:14that Russia will find
06:15this idea
06:16quite reasonable,
06:17interesting and productive.
06:19So there's going to be
06:19conversations about this.
06:21There was also conversations
06:22from the Indian side
06:24which I find
06:24also reasonable
06:25the fact that
06:26despite the increase
06:28in trade
06:28between Russia and India
06:29it's quite one-sided.
06:31Russia sells a lot more
06:32to India
06:33than India sells to Russia.
06:35So that needs to be resolved.
06:37I think there is
06:37will on the Russian side
06:39to resolve this
06:40and we should expect
06:42Indian products
06:43in the Russian market
06:43quite soon.
06:45Okay.
06:46Okay.
06:47India has repeatedly
06:48made this point
06:49that this is a grouping
06:50which may be non-West.
06:53It is not anti-West.
06:55While there are apprehensions
06:56that since certain countries
06:58part of this grouping
07:00is at the receiving end
07:02of either Western sanctions
07:03and Russian President
07:04Vladimir Putin spoke of it.
07:06The Iranian President
07:07spoke of it.
07:08China,
07:09we expect the Chinese
07:10President to speak
07:11about this perhaps
07:12when he's here tomorrow.
07:14The impression
07:15that some are trying
07:16to create
07:16is that this is
07:17an anti-West grouping.
07:19India insists
07:20it isn't.
07:21What's the viewpoint
07:22in Russia
07:23about BRICS
07:25as a grouping
07:2520 years on
07:27the road ahead?
07:32I don't think
07:33this...
07:33I wouldn't put it
07:34that way.
07:35I don't think
07:35that it's correct
07:36to say
07:37that the BRICS
07:39agreement
07:39or BRICS
07:40organization
07:41is somehow
07:42a counterweight
07:43to the West.
07:44I think this is
07:44the way
07:44it is presented
07:45on Western media.
07:46I don't think
07:47that is the case.
07:49The reason
07:50why BRICS exists
07:51and the reason
07:52why it is necessary
07:54is because
07:54we had an
07:55international system
07:56which sort of worked
07:58for better
07:59or for worse
08:00it worked.
08:01It's not working
08:02at this
08:03currently
08:04and we're not
08:05seeing it working
08:06in the future.
08:07What am I talking about?
08:08We understand
08:08in 20, 30 years
08:10the dollar
08:10would not be
08:11the reserve currency
08:12of the world.
08:12It's not an anti-Western thought.
08:13That's just a fact.
08:14We understand
08:15that the IMF
08:16and the World Bank
08:17cannot be the only lender
08:19to developing world
08:20and that system
08:22has stopped functioning.
08:23We understand
08:23that the process
08:24and the WTO
08:25are not functioning.
08:26There is a myriad
08:28of organizations
08:29and institutions
08:30which have been working
08:31for decades
08:32which were
08:32Western controlled mostly
08:34but were working
08:36which because the world
08:37has changed
08:38are not working.
08:39And the goal
08:40of the BRICS
08:40as I see it
08:42is to create
08:43new institutions
08:44create alternative institutions
08:46not as a counterweight
08:48to the West
08:48but as a
08:49so the world
08:50will function.
08:51That's number one.
08:53The second part
08:54is that
08:57the combination
08:58of countries
08:59in the BRICS
09:01are very different.
09:02They're very different
09:03ideologies,
09:05very different governments,
09:06very different goals,
09:08very different geopolitical allies.
09:10And so this isn't
09:11you can't compare it
09:12to the G7.
09:13When the G7 meets
09:15everybody who says
09:16the same thing
09:16they're all in line
09:18everybody has
09:18the same opinion
09:19in the BRICS countries
09:21this is
09:21this is not
09:22this is not
09:23a matter of having
09:24you know
09:25a hegemon
09:26and a vassal.
09:26These are equal countries
09:28with equal weight
09:30and I think
09:30this is why
09:31this process
09:32is also
09:32it's a little more difficult
09:33to talk
09:34but I feel like
09:35more productive
09:36because this is a meeting
09:37between
09:39countries which have
09:39their sovereign right
09:40to defend
09:41you know
09:41their interests
09:43and talk
09:45to each other.
09:47One message
09:48that also comes out
09:49during this
09:49is how strong
09:51India-Russia ties are.
09:54They've stood
09:54the test of time
09:55and the personal chemistry
09:58between Prime Minister
09:59Narendra Modi
09:59and the Russian President
10:00Vladimir Putin
10:01of course we also
10:02talk about the chemistry
10:02between Prime Minister
10:03Narendra Modi
10:04and the Iranian President
10:05Masud Pradesh Kyan
10:06you know
10:07the way they held hands
10:08the way they walked
10:09we'll talk about that
10:10in greater detail
10:11but for the moment
10:12let's focus on India
10:13and Russia
10:14Ambassador Ajay Malhotra
10:16India's former
10:16Ambassador to Russia
10:18joins me on this show
10:19Dr. Tara Karthal
10:20joins me on this special broadcast
10:21of National Security
10:23and this is
10:24Sandeep Onitan
10:24my colleague and friend
10:25are with me on this
10:27and Ambassador Malhotra
10:29your reading
10:30of the bilateral
10:31between Prime Minister
10:32Narendra Modi
10:33and the Russian President
10:34Vladimir Putin
10:34and the presence
10:35that the Prime Minister
10:36gave
10:37Thiru Kural
10:40what signal
10:41was being sent out
10:43sir
10:44well
10:46one must understand
10:47that when you have
10:48a multilateral meeting
10:50many of the
10:51bilaterals
10:52that are held
10:52on the side
10:53are really pro forma
10:54because you have
10:55a large number
10:56of high dignitaries
10:57who have to be received
10:58by the host
10:59and that's what
11:00takes place
11:00so just like
11:02in the meeting
11:02in Bishkek
11:03when our Prime Minister
11:04met President Putin
11:05similarly up here
11:07the really substantive
11:08one would be
11:09the bilateral
11:10summit
11:11which will be held
11:12later this year
11:13for which
11:14President Putin
11:15reiterated the invitation
11:16to Prime Minister Modi
11:17which was accepted
11:18but when we look
11:20at the issues discussed
11:21you'll see
11:22it's a very bland statement
11:24and that was to be expected
11:25I heard on other
11:27TV shows
11:28people
11:28you know
11:29guessing that
11:30this or that
11:31contract will be signed
11:32or announced
11:33etc
11:33this is all nonsense
11:35you know
11:36when you have
11:36these
11:36these sort of
11:37bilaterals
11:38on the sidelines
11:39of a multilateral
11:40none of that
11:41takes place
11:42and in fact
11:43we never announce
11:44any defense deals
11:46during
11:47Prime Ministerial visits
11:48so these are
11:48important points
11:49to understand
11:50I think
11:50for the lay viewer
11:52because
11:52there are all
11:53kind of analysis
11:54going on
11:54that
11:55oh what happened
11:56to the Su-57
11:57and the S-500
11:58etc
11:58these are not
12:00things that would
12:00have been discussed
12:01in substance
12:02these come through
12:02a system
12:04and are looked at
12:05so the point
12:06that I noticed
12:06in the press release
12:08and I have it here
12:09is they refer to
12:10West Asia
12:11and the Black Sea region
12:13which have impacted
12:14maritime trade
12:15and safety
12:16and security
12:16of Indian seafarers
12:18and yeah
12:18that's valid
12:19it's our Prime Minister
12:20stating
12:21what concerns
12:22we have
12:22because you have
12:23a lot of Indian
12:2313% of world seafarers
12:25are Indians
12:26and they are stuck
12:27in other side
12:28of the Hormuz
12:29and they also
12:30many of them
12:30have suffered
12:31due to
12:31the fighting
12:32going on
12:33in the Black Sea area
12:34so these are valid points
12:36as for the rest
12:37I wouldn't exaggerate
12:38it too much
12:39coming to the point
12:40about
12:41Tirukural
12:42being translated
12:43into Russian
12:44I think that's
12:44a wonderful thing
12:45that's happened
12:46there's a huge interest
12:47in Russia
12:48and things Indian
12:49you may
12:51know also
12:52for example
12:52that
12:53the first translation
12:54of the Mahabharat
12:55was done
12:55into Russian
12:57by a Russian
12:57in 1788
12:59and so
13:00there is this interest
13:02from a long time ago
13:03from before
13:04the British
13:04came here
13:04or anything
13:05and went away
13:05and even
13:07the study
13:08of Sanskrit
13:08in the middle
13:09of the 19th century
13:10you had three universities
13:12from Moscow
13:13St. Petersburg
13:13and Kazan
13:14where they studied
13:15Sanskrit
13:15as a full course
13:16so
13:17wonderful idea
13:18and I'm sure
13:19many in
13:20the Institute
13:21of Oriental Studies
13:22will look forward
13:23to reading
13:23this wonderful
13:25translation
13:25that's been
13:26made available
13:28oh you're
13:29absolutely right
13:29in fact
13:30that's what
13:30you noticed
13:30on India
13:31today
13:31we did not
13:32have any
13:33of those claims
13:34about the deal
13:35on Super P7
13:36or S400
13:36or S500
13:38because you know
13:39the amount of effort
13:40that goes into it
13:41and we've had the privilege
13:42of interacting
13:42with you
13:43and those
13:44Indologists
13:44in Moscow
13:46at your place
13:47that you've
13:48recalled
13:48about the depth
13:49of knowledge
13:49they have
13:50about India
13:50about Sanskrit
13:52about Marathi
13:53about Tamil
13:53about regional
13:54languages
13:55in India
13:55I mean
13:56that's
13:57spellbinding
13:57and so inspiring
13:59you're absolutely
13:59right sir
14:00let me also
14:01bring in
14:01Ambassador
14:01let me bring in
14:03Dr. Tara Karthar
14:04for her assessment
14:05of the bilateral
14:06between India
14:07and Russia
14:07the warmth
14:08and the relationship
14:09apart
14:10do you also
14:10think that
14:11this was
14:12just one more
14:13meeting
14:13or does it
14:14send out
14:14a very important
14:15signal
14:15to the rest
14:17of the world
14:17and how would
14:17the West
14:18view this
14:18Dr. Tara Karthar
14:21I think
14:22that's an easy
14:22one
14:23the West
14:23is not going
14:23to like it
14:24at all
14:24and the first
14:26thing they'll
14:26ask is
14:26how are you
14:27going to
14:27end the war
14:29right
14:29but forgetting
14:30you know
14:31which again
14:32I would agree
14:32with the
14:33Ambassador
14:34when you
14:35ask Russia
14:36to end the
14:36war
14:36there are
14:37two sides
14:37to the war
14:38the other
14:38side also
14:39has to
14:39agree
14:39you know
14:40so I mean
14:41I'm not
14:42talking of
14:42Ukraine
14:42I mean
14:43I know
14:43Jai Shankar
14:44has gone
14:44to Ukraine
14:44there's a
14:45bunch of
14:45other countries
14:46involved
14:46that is one
14:47number two
14:48you know
14:48one interesting
14:49thing
14:51the Piyush
14:52Goyal
14:52had said
14:53we are
14:53planning to
14:53increase
14:54trade to
14:5410 billion
14:55that's quite
14:56an ambitious
14:58figure
14:58in other words
14:59we are trying
15:00to get your
15:00trade there
15:01or get them
15:02to manufacture
15:03here
15:03somewhere to
15:04address that
15:05rupee ruble
15:06issue which
15:06we all know
15:07about
15:07the problem
15:09is that
15:11whatever deals
15:12that they
15:13will do
15:13here
15:14I mean
15:14like you
15:15know that
15:15Nayara
15:15energy is
15:16almost
15:16entirely
15:17Russian
15:17that is
15:18working out
15:19pretty well
15:19for Russia
15:20right now
15:20because I
15:21believe much
15:22of it is
15:22going back
15:23to Russia
15:23but if
15:25you manufacture
15:26in Russia
15:26where is
15:28the market
15:29that has
15:29been a
15:30consistent
15:30problem for
15:31us
15:31when you
15:32talk of
15:32even of
15:33the
15:33Vladivostok
15:33pipe
15:35which by
15:36the way
15:36is picking
15:37up pretty
15:38well
15:38we are
15:39sending
15:39meat
15:39we are
15:39sending
15:40a bunch
15:40of things
15:41now to
15:41Russia
15:41so
15:42redressing
15:43this trade
15:44imbalance
15:44will have
15:45to involve
15:46manufacturing
15:46in each
15:48other's
15:48countries
15:48that is
15:49the easiest
15:49solution
15:50for Russia
15:51there is a
15:51huge market
15:52what is my
15:53market
15:54I am not
15:54clear
15:55because you
15:56can't sell
15:56it to your
15:57how do you
15:57work around
15:58sanctions
15:58Sandeep
15:59in fact
15:59that's a
15:59question
16:00we bring
16:00in Ambassador
16:00Malhotra
16:01also
16:01but Sandeep
16:02you've
16:03been
16:03speaking
16:04to experts
16:04whether it's
16:05in automobile
16:06or pharmaceuticals
16:08access to
16:09Russian market
16:10and if you
16:10have greater
16:11access to
16:11Russian market
16:12you still
16:12retain access
16:13to the
16:14western market
16:15remains a
16:16huge challenge
16:17absolutely
16:18and you know
16:18that's one of
16:19the reasons
16:19why despite
16:20there being
16:21such a
16:21huge opportunity
16:22in the
16:22Russian
16:23Federation
16:24now
16:24given the
16:25fact that
16:25Russia is
16:26now closed
16:27for the
16:27western
16:27automobile
16:28manufacturers
16:28I was
16:29asked
16:29speaking to
16:29businessmen
16:30over there
16:30they said
16:31that this
16:31is a
16:31great
16:31opportunity
16:32for Indian
16:32car
16:33automobile
16:35manufacturers
16:35to come
16:36there
16:36set up
16:36shop
16:37and do
16:37business
16:37there
16:38but
16:38nobody
16:38is
16:38doing
16:39that
16:39now
16:39because
16:39they're
16:40all
16:40they all
16:41have
16:41exposure
16:41to the
16:42west
16:42they're
16:42all
16:42tie-ups
16:43with the
16:44west
16:44with Japan
16:45with the
16:46United
16:46States
16:46nobody
16:47wants
16:47wants to
16:47do
16:48do
16:48business
16:48precisely
16:49because
16:50of
16:50this
16:50reason
16:50they
16:50don't
16:51want
16:51to
16:51be
16:51exposed
16:51to
16:52sanctions
16:52so
16:53that
16:53is
16:53the
16:53reason
16:53Gaurav
16:55war
16:56sanctions
16:57unilateral
16:58sanctions
16:58they affect
16:59Indian
16:59business
17:00they prevent
17:01us from
17:01going there
17:01look at
17:02the Iran
17:03war for
17:03instance
17:04Chabahar is
17:04completely
17:05locked out
17:05there is
17:06no way
17:06we can
17:07reach out
17:07to
17:07Afghanistan
17:08and
17:08Afghanistan
17:09is so
17:09critical
17:10to our
17:10foreign
17:11policy
17:11Gaurav
17:11Afghanistan
17:12Central
17:12Asia
17:13wars
17:14are
17:14locking
17:14us
17:15out
17:15of
17:15all
17:16of
17:16these
17:16regions
17:16they
17:17are
17:17not
17:17allowing
17:17us
17:18to
17:18enter
17:18markets
17:19and
17:19of
17:19course
17:19that
17:20point
17:20that
17:22Dr.
17:22Tarakarta
17:23mentioned
17:23is that
17:24we need
17:24access
17:25into
17:25the
17:25Russian
17:25market
17:27as
17:27well
17:27because
17:27if
17:28we
17:28don't
17:29manufacture
17:30in
17:30Russia
17:30if
17:31we
17:31don't
17:31export
17:32into
17:32Russia
17:33then
17:33we
17:34are
17:34going
17:34to
17:34be
17:34sitting
17:34at
17:34a
17:34huge
17:35trade
17:35imbalance
17:36a
17:36huge
17:36Russia
17:37India
17:37trade
17:37imbalance
17:38and
17:38the
17:38relationship
17:40is
17:40growing
17:40right
17:40now
17:41because
17:41we
17:41are
17:41importing
17:42a
17:42lot
17:42of
17:42energy
17:43from
17:43Russia
17:44but
17:44Russia
17:44is
17:44not
17:45we
17:45are
17:45not
17:45exporting
17:46enough
17:46to
17:47Russia
17:47let me
17:48bring
17:48an
17:48ambassador
17:49into
17:50this
17:50conversation
17:50once again
17:51ambassador
17:51is there
17:52a way
17:53out
17:53is there
17:53an
17:53opportunity
17:54for
17:54India
17:55for
17:55automobiles
17:55for
17:56example
17:56post
17:572022
17:57there
17:58was
17:58a
17:58lot
17:59of
17:59talk
17:59about
17:59you
18:00know
18:00a
18:00golden
18:01opportunity
18:01for
18:02Indian
18:02automobiles
18:03manufacturers
18:03to
18:04make
18:04big
18:04inroads
18:05across
18:05Russia
18:06or
18:07tire
18:07industry
18:08or
18:08pharmaceutical
18:08industry
18:09but
18:09is that
18:10possible
18:10I mean
18:11is there
18:11an
18:11opportunity
18:12and what
18:13are the
18:13threats
18:13that you
18:14foresee
18:15and is
18:15there a
18:16way
18:16around
18:16it
18:17well
18:18let me
18:18start
18:19with the
18:19auto
18:19industry
18:20first of
18:21all the
18:21major
18:22exporters
18:22in
18:232022
18:24were the
18:24Germans
18:25you had
18:26Mercedes
18:26you had
18:27and the
18:28French
18:28you had
18:29Renault
18:29etc
18:30BMW
18:32now when
18:33the sanctions
18:34kicked in
18:34obviously the
18:35market got
18:36vacated
18:36the Chinese
18:37moved in
18:37and so
18:38now the
18:39market is
18:39essentially
18:40Chinese
18:40earlier
18:42before the
18:43earlier round
18:43of sanctions
18:44it also used
18:44to be
18:45Korean
18:46now with
18:47the Koreans
18:47joining in
18:48the sanctions
18:48that has
18:49also stopped
18:49so the
18:50Korean cars
18:51are also
18:51kind of
18:52out of the
18:52market
18:52so it's
18:53essentially
18:54Chinese
18:54and now
18:54Russians
18:55have
18:56the Russians
18:56have taken
18:57over the
18:57German
18:57production
18:58so they
18:58are able
18:59to manufacture
18:59the same
19:00cars
19:01you know
19:01to their
19:02models
19:02etc
19:02you saw
19:03the
19:04which the
19:05president
19:05drives
19:06around
19:06that's
19:06built
19:06in the
19:07real
19:07factory
19:07but many
19:08others
19:08are being
19:09built
19:09in the
19:10factories
19:11have taken
19:11over
19:12now if
19:13you look
19:13at Indian
19:13industry
19:14Mahindras
19:15and Mahindras
19:15they are
19:16invested
19:16into USA
19:17so I
19:17don't see
19:17them
19:18taking
19:18that
19:18risk
19:19same
19:19with
19:20Tatars
19:20same
19:20with
19:20others
19:22you know
19:22if you
19:23look at
19:23India
19:25to Russia
19:26and look
19:27at also
19:27the
19:27international
19:28transportation
19:29corridor
19:29that goes
19:30through Iran
19:30so Iran
19:32is under
19:32sanctions
19:32large number
19:33of sanctions
19:34Russia
19:34under huge
19:35number
19:35of sanctions
19:36so Indian
19:37industry
19:37is obviously
19:38scared of
19:38going down
19:39those paths
19:40because of
19:41higher insurance
19:42rates
19:42because of
19:43the danger
19:43of being
19:44hit
19:44etc
19:45by some
19:46you know
19:46missile
19:47or any
19:47other thing
19:48because you
19:49will have
19:49to be going
19:49on rail
19:50or road
19:51routes
19:51to get
19:52there
19:52and the
19:53same
19:53with the
19:54reference
19:54to the
19:55you know
19:55the
19:56Chennai
19:57Vladivastok
19:58corridor
20:00frankly
20:00it should
20:00go all
20:01the way
20:01to Murmansk
20:02and Archangels
20:03and I've
20:03written many
20:04times about
20:04that
20:05that it's
20:05about time
20:06that we
20:06stretched on
20:07that corridor
20:08and with
20:09our Arctic
20:09cooperation
20:10with Russia
20:10this is
20:11the opportunity
20:11to do so
20:12that would
20:13open up
20:13because that
20:14would make
20:14it cheaper
20:14for us
20:15to export
20:15to Northern
20:16Europe
20:17than to go
20:18via the
20:18Suez Canal
20:19it would be
20:19faster and
20:20cheaper
20:20so that's
20:21something worth
20:21doing
20:22and I think
20:22let's
20:23prepare ourselves
20:24for a situation
20:25where Russia
20:25is no longer
20:26under sanctions
20:27because when
20:28the sanctions
20:28get lifted
20:29we will
20:29again be
20:29unprepared
20:30the Americans
20:31are preparing
20:31for it
20:32from the
20:33time of the
20:33Alaska meeting
20:34US industry
20:35has been looking
20:36at options
20:36and possibilities
20:37of doing
20:38things together
20:39with the
20:39Russians
20:39we should
20:40also be
20:40prepared
20:41it's not
20:42only China
20:42out there
20:43the opportunities
20:44for India
20:44to act
20:45with USA
20:45and Russia
20:45and I think
20:46that's a
20:47very important
20:48dimension
20:49that is
20:49getting ignored
20:50by our
20:51industry
20:51and by
20:52our
20:52very good
20:53point to make
20:53so
20:55pharmaceuticals
20:55healthcare
20:57what are
20:57areas
20:58where India
20:58should be
20:59prepared
20:59and should
21:00prepare
21:00to move
21:01in
21:01once sanctions
21:02are lifted
21:04pharmaceuticals
21:05they can move
21:05in right away
21:07companies
21:08which don't
21:09have too much
21:09of an exposure
21:10in the west
21:11and there are
21:11many of them
21:12except maybe
21:13a few of the
21:13generics
21:14and they're
21:15getting squeezed
21:15out also
21:16they're coming
21:17under huge
21:17tariffs by
21:18the Americans
21:19so this is
21:20an opportunity
21:20and there's
21:21no reason
21:21for us to
21:22accept all
21:22those tariffs
21:23you know
21:24they might
21:24have a
21:24temporary
21:25impact
21:25but this
21:26is all
21:26forced trade
21:27you know
21:28trade being
21:28directed
21:29due to
21:30unilateral
21:30measures
21:31being taken
21:31by the
21:32Americans
21:32which are
21:33completely
21:33unacceptable
21:34and we
21:35should speak
21:35out against
21:36that
21:36obviously
21:37bearing in
21:37mind the
21:38implications
21:38that it
21:39has
21:39but not
21:41take it
21:41too
21:41docilely
21:42if we
21:43have to
21:44protect
21:44our
21:44industry
21:45and if
21:45you have
21:46to access
21:46the Russian
21:47market
21:47you will
21:48also have
21:48to carry
21:48out some
21:49reforms
21:49and again
21:50I've written
21:51about that
21:51I think
21:51these reforms
21:52need to be
21:53into areas
21:54the new
21:55areas that
21:55are there
21:56that will
21:56come up
21:57you know
21:58now we've
21:59been talking
21:59about the
21:59ease of
22:00doing business
22:00the ease
22:01of doing
22:01business
22:01is behind
22:02us
22:02there are
22:03reforms
22:03that should
22:04take place
22:04for us
22:04to move
22:05into sectors
22:05which have
22:06been ignored
22:07till now
22:07to encourage
22:08investment
22:09into you know
22:09what is called
22:10patient capital
22:11into certain
22:11sensitive sectors
22:13and that's
22:14the way we
22:14should go
22:14and that's
22:15the way we
22:15can partner
22:16with the
22:16Russians
22:16they have
22:17a lot
22:17of good
22:17technologies
22:18you just
22:18need people
22:19to be
22:19willing to
22:20take that
22:20risk
22:20I think
22:21if Indian
22:22companies do
22:22not understand
22:23that
22:24if Indian
22:25private capital
22:25doesn't
22:26I think
22:26we should
22:26find a way
22:27to get
22:27around it
22:28that will
22:29make a
22:29difference
22:29that's
22:30very
22:30interesting
22:31point
22:31you make
22:32yeah
22:32you see
22:37a situation
22:38where India
22:38and Russia
22:39you see them
22:40move firmly
22:41together
22:41in a way
22:43that India
22:43doesn't want
22:44to upset
22:44the West
22:45at the same
22:45time
22:45continue
22:46building
22:47stronger
22:48ties
22:48with Russia
22:49because both
22:50the relationship
22:50have ended
22:51India in
22:52great stead
22:52and moving
22:53forward
22:53if we have
22:53to move
22:54forward
22:54on that
22:5530 trillion
22:55economy
22:56by 2047
22:57then we
22:58really need
22:58to have
22:59rockets in
22:59that economy
23:00from 4 trillion
23:01to 30 trillion
23:02from 2026
23:03to 2047
23:04ma'am
23:06absolutely
23:06I just wanted
23:08to sort of
23:09back on what
23:10ambassador
23:10had said
23:12even before
23:14the Ukrainian
23:14war
23:15we tried
23:15to get
23:16this whole
23:16you know
23:17the fact
23:17that Russia
23:18could be a
23:18jump off
23:19point for
23:19Europe
23:20for business
23:21industries
23:21and you know
23:22things
23:22the whole
23:23Chennai
23:23Vladivostok
23:24group
23:24but they
23:25were no
23:25takers
23:25I think
23:26there is
23:26generally
23:27our business
23:28don't tend
23:28to be a
23:29little risk
23:29averse
23:29taking off
23:31from there
23:31but I've
23:31always wondered
23:32also Russia
23:33has been
23:33trying to
23:34push the
23:34whole
23:34Siberian
23:35side
23:35you know
23:36where you
23:36can then
23:37export
23:37technically
23:38speaking
23:39at least
23:39notion
23:39you can
23:40export
23:40to China
23:41but that
23:42brings me
23:43back to
23:43BRICS
23:44I mean
23:44if it's
23:45all very
23:46well to
23:46talk of
23:47trade
23:47and you
23:48know
23:48how
23:48if you
23:48look at
23:49all the
23:49BRICS
23:49countries
23:50all of
23:51them
23:51have the
23:52highest
23:52trading
23:53partners
23:53China
23:54but China
23:55doesn't let
23:56you trade
23:56with them
23:56so that is
23:57a problem
23:57in taking
23:58Russia
23:59forward
24:00I would
24:00say
24:01you know
24:02a long
24:03time
24:03some of
24:03the design
24:04bureaus
24:04their research
24:05their R&D
24:06is where
24:07we should
24:07invest
24:08and we've
24:09been this
24:09also we've
24:10been arguing
24:10for some
24:10time
24:11because there
24:12is amazing
24:12talent there
24:13maybe if you
24:14can either
24:15bring it
24:15here
24:15this is a
24:16long run
24:17that would
24:17be an
24:17investment
24:18for the
24:18long term
24:19to get
24:19that
24:20the finance
24:21going to
24:21get their
24:22R&D
24:22going into
24:23technologies
24:24and areas
24:25which you
24:25haven't
24:25looked at
24:26now
24:26but primarily
24:27I think
24:28it's a
24:29I mean
24:30this war
24:30has to
24:31stop
24:31what the
24:32prime minister
24:33said is
24:33absolutely
24:34right
24:35it's not
24:35just in
24:36moral terms
24:37it is that
24:38it's hurting
24:39all of us
24:40it's hurting
24:40us now
24:41Russia and
24:42India can
24:42take off
24:43if this war
24:44comes to
24:45an end
24:45this war
24:46as well as
24:47of course
24:47the Iranian
24:48war
24:48in that
24:50respect
24:51I have a
24:52sense that
24:53Chabahar is
24:54probably going
24:55to come back
24:56again
24:56not maybe
24:57today or
24:58tomorrow
24:58but I
24:59think we
25:00are going
25:01in that
25:01direction
25:01because the
25:02port is
25:03done
25:04dusted
25:05and ready
25:05all you
25:06need to
25:07go is
25:07to have
25:07that
25:08go ahead
25:09to take
25:10your
25:11exports
25:11through that
25:12so
25:12the PM's
25:14statement
25:15in SC
25:15also that
25:16we should
25:16diversify
25:17our trade
25:18basket
25:18all that
25:20once of
25:20course we
25:20exported
25:21Basmati
25:22rise
25:22huge
25:22this thing
25:23to Iran
25:25so until
25:26these wars
25:27end
25:27can we
25:28stay with
25:29me for a
25:29moment
25:31ma'am I
25:31want to
25:32bring in
25:32Sandeep
25:32Punithan
25:33Sandeep
25:33the last
25:3430 seconds
25:35I have on
25:35this part of
25:35the show
25:36I want to
25:36understand from
25:37you we've
25:38been talking
25:38about you
25:39know harnessing
25:40Russian talent
25:41right from the
25:42breakup of the
25:43Soviet Union
25:43that was
25:441990 now
25:45we're in
25:462026 we're
25:47still talking
25:48about it when
25:49it comes to
25:49fighter jet
25:50engines or so
25:50many other
25:51fields we
25:52should have
25:52moved forward
25:53post haste
25:54here
25:54Sandeep
25:56absolutely
25:56you know
25:57that's a
25:57very good
25:58question
25:58at the
25:59time when
25:59Russian bureaus
26:00were literally
26:01starving of
26:02funds they
26:02were looking
26:03outside their
26:04country the
26:05Chinese moved
26:06in they took
26:06a lot of
26:06those engineers
26:07on board and
26:08they you know
26:09jump-started their
26:10military industrial
26:11complex we did
26:12it but for very
26:13niche areas where
26:14literally the
26:15survival of the
26:16nation depended
26:16on it which is
26:17the nuclear
26:17submarine program
26:18we didn't extend
26:19it to the other
26:20critical areas like
26:21you mentioned jet
26:22engines there's
26:23so critical to
26:24becoming self
26:25sufficient in
26:26defense technology
26:27if you don't have
26:28a jet engine then
26:29there's no point of
26:30you going in for a
26:31fourth or a fifth
26:32generation aircraft
26:32you will always be
26:33dependent on foreign
26:35suppliers so that is
26:36something that we
26:36should have in
26:37hindsight gone hell
26:38for leather
26:39but it's still not
26:40too late and the
26:42Russians seem to
26:42realize this because if
26:43you're looking at the
26:44way UAC is coming
26:46and they're reaching
26:47out to us to try to
26:48not only sell
26:50commercial aircraft to
26:51us but also to
26:52jointly develop
26:53engines with them so
26:54this is something that
26:55we should have picked
26:56up a long time back
26:57but you know given
26:59the fact that we do
27:00have a very large
27:01assembly line for the
27:03AL-31FP which is the
27:04Su-30 engine in
27:06Khoraput Odisha there
27:07is still a possibility
27:09of a collaboration
27:10between India and
27:11Russia on maybe
27:12fifth generation
27:13fighter jet engines
27:14there is a lot of
27:15transportation
27:15let's hope we move
27:16forward whether it
27:18is with Russia or
27:19with France or with
27:21Rolls Royce we have
27:22to move forward on
27:23the fighter jet engine
27:24as quickly as
27:25possible
27:26Ambassador Malhotra
27:27Dr Tara Kartha for
27:28joining me here on
27:29this part of India
27:30first very thanks and
27:31now I want to focus
27:32to the other big
27:33story and that's the
27:34conversation around
27:36the visit of the
27:37Chinese President
27:38Xi Jinping now he
27:40arrives here tomorrow
27:42and then there is this
27:43important bilateral
27:44with Prime Minister
27:45Narendra Modi at
27:465.45 this is his
27:48first visit to India
27:50after the 2019
27:52Mamalapuram visit
27:53now that was the
27:54time so 2014 they
27:56met 2019 they met
27:59Prime Minister Narendra
28:00Modi had travelled
28:00to Wuhan this was
28:03after the 73 day
28:05Dolan standoff but
28:06after Galwan 2020
28:08there was a freeze in
28:11the relationship you
28:12had about 50,000
28:13troops on either
28:14side amassed at the
28:15borders but then in
28:16Kazan Russia again on
28:18the sidelines of the
28:19BRIC summit in Kazan
28:20Russia there was a
28:22fall and there was
28:23some forward movement
28:25they met recently even
28:27in Bishkek so they've
28:28met multiple times now
28:30there is there will be
28:32a bilateral will there
28:33be forward movement in
28:35the India China
28:36relationship will the
28:38relationship come back
28:39on an even team and
28:40that can happen only when
28:42there is peace and
28:43tranquility at the
28:43borders I want to cut
28:45across and bring in
28:46Mr. Aynar Tangent into
28:48this special broadcast he
28:50joins us on his
28:52assessment of the
28:53Chinese president's
28:54visit to India so
28:55welcome what is the
28:57assessment on Chinese
29:00president Xi Jinping's
29:01visit to India for the
29:03BRIC summit and the
29:04bilateral that will be
29:05held well this has been a
29:10long time in the making
29:11it's been seven years
29:12since he was in India
29:13but for the last three
29:15years they have been
29:16meeting on the sidelines
29:17of meetings this is the
29:18first official bilateral
29:20and they're making
29:22progress there have been
29:23more meetings scheduled
29:24in terms of the
29:25military issues on the
29:27border but this
29:29particular meeting is
29:31going to be not about
29:32India and China it is
29:34going to be about the
29:35rest of the world
29:35remember many of these
29:37countries are coming
29:38together because of a
29:39threat or threats or
29:41actions by the United
29:43States and I don't mean
29:44just on the military
29:45side the trade side
29:47when you start looking
29:49at many of these
29:49countries it's aptly put
29:52that they're looking for
29:54resilience and that
29:56means that they do not
29:57want to be dependent
29:58they do not want to be
29:59dominated and they do not
30:01want to be destroyed
30:02and the question is and
30:03India's lead Sherpa here
30:06is how do you have a
30:08successful meeting that
30:09creates this resilience
30:11without directly
30:14confronting the US and
30:16creating a bigger
30:17problem as we all know
30:19Donald Trump does not
30:20take kindly to the idea
30:23that there's any bigger
30:24entity out there and
30:27BRICS is that 40% of the
30:29world's GDP majority of
30:31population you know land
30:34mass resources you name
30:37it it's there and the
30:38only thing that a bully
30:39respects is a bigger
30:41bully so I think
30:42Washington is watching
30:44very very carefully
30:45there's a lot of
30:46opportunity here it's
30:48not given it's a
30:49question of how it is
30:50going to be used and
30:51when we talk of an
30:53opportunity when we talk
30:55of an opportunity yes
30:56there is an opportunity
30:57but BRICS nations also
30:58see greater access to the
31:00Chinese market you
31:02know they don't want to
31:03be dominated by the
31:04West at the same time
31:06they wouldn't want to
31:07be dominated by China
31:09either do you see a
31:10scenario where there's
31:11greater access to
31:12Chinese market for goods
31:15of BRICS nations or
31:16greater access to either
31:18the solar you know
31:20production line or the
31:21wind energy production
31:22line or there are
31:24things for BRICS nations
31:25to move forward as a
31:26group in your
31:27assessment service
31:30well there's already
31:31great access the question
31:33is competitiveness
31:34China is extremely
31:36competitive and many of
31:37the inputs that go into
31:38you know pieces of
31:41whatever is created in
31:42other countries actually
31:43do come from China for
31:45instance India's has a
31:47very robust generic
31:49medicine industry and a
31:53lot of the underlying
31:54chemicals actually come
31:56from China so it's a
31:58question of how do you how
32:00do you how does India
32:01become competitive in one
32:03of the most competitive
32:04markets out there
32:05remember China is not
32:08doing a you know a favor
32:10or nor is India doing
32:11China a favor when it
32:13buys Chinese goods that
32:15is the decision of
32:17individual consumers with
32:19India and they are free
32:21to choose what they like
32:22if they could buy from
32:23somewhere else I think
32:24many of them would there
32:25is some feeling about
32:27China in India but the
32:29question is value and
32:32price indeed but for
32:35Indian pharmaceuticals
32:36to have greater access
32:38for example to the
32:39Chinese market for other
32:41Indian exports to the
32:42Chinese market you think
32:43competition is the only
32:44reason or are there
32:46barriers that really need
32:48to be removed from the
32:49Chinese side for greater
32:50access to or pointing
32:51goods to the Chinese
32:52market for example
32:53Mr. Tianjin me
32:56well there's always room
32:58to look at what the
33:00scenario is I am not
33:01familiar with it there
33:02was for quite a while
33:04impediments created by the
33:06Chinese side to generic
33:08drugs coming from India
33:10they insisted it was
33:11because of concerns about
33:12safety I don't agree with
33:14that because Indian
33:16generic drugs are sold
33:18all sold all over the
33:20world and in fact in
33:21Europe and America where
33:22they're extremely picky
33:25so the question is how do
33:27you get it over this
33:28there is a history of
33:30tit for tat when you have
33:32border issues all of a
33:33sudden it spills over to
33:34economic ones and this is
33:36what I think the beauty of
33:37BRICS is that you can get
33:39nations who don't agree on
33:40things come together I mean
33:42if you if you if you have
33:44Iran and the UAE at the same
33:46meeting that tells you
33:47something and they're
33:48trying to achieve what
33:49they can agree on as
33:51opposed to focus on what
33:53they cannot agree on so I
33:55think with peer pressure I
33:58think it is good for
33:59everybody including India
34:01and China to see that
34:04there's a greater picture
34:06here and just the bilateral
34:08trade between these
34:09countries that there's an
34:10opportunity to lead the
34:12world and remember
34:13Randa Modi has said that
34:14in exchange for Xi
34:16supporting his BRICS
34:18meeting he intends to
34:19support China's next
34:22coming meeting which will
34:23be next year I think this
34:24is a good start
34:26okay so there is a
34:27forward movement what
34:29about the borders you
34:30think the borders are to
34:32be frozen the way they
34:33are but peace and
34:34tranquility has to be
34:35maintained there and
34:37that's the only way
34:38forward what steps can
34:40be taken in broad
34:41view to ensure that the
34:43relationship returns on
34:44even seems well it's
34:49they're trying to do it
34:50they've had a tremendous
34:51number of meetings and
34:52they've authorized high
34:54level command meetings and
34:55two hotlines so that they
34:57can avoid these issues
34:58remember the danger here is
35:00when you have two armies
35:02army you know military men
35:03think in a certain way they
35:05want to go forward they do
35:06not want to be intimidated
35:08and you when you have two
35:10armies facing off against
35:11each other it's dangerous
35:12it's far better if you can
35:14put distance between them
35:16the question is how do you
35:18do that when you're
35:19talking about contentious
35:20borders so this is really
35:22the issue making sure that
35:23the command structures are
35:25in fact in charge of what's
35:27going on on the ground and
35:29that they're guiding their
35:30men in terms of what is
35:31the line in terms of their
35:35discipline and what they're
35:36supposed to be doing and
35:37not doing so this is
35:39important on both sides I'm
35:40not blaming either either
35:42side I'm just saying that
35:43this is going to be
35:43necessary to avoid any
35:45possibility that there is
35:47some sort of outbreak and
35:48that leads to this more
35:49tit-for-tat so do we see
35:52the relationship move
35:53forward return on an even
35:54team we'll be tracking that
35:55story very closely mr
35:57tangent for joining me here
35:58on india today many times
35:59that's breaking news coming
36:00in we now have details of
36:02conversation between
36:02prime minister narendra
36:03body and the iranian
36:05president bassoon
36:06position uh we saw those
36:08images prime minister narendra
36:09body holding president
36:11bassoon position hands as
36:12they move forward so uh the
36:15information that we now
36:16have is that the two
36:18leaders discussed various
36:19aspects of bilateral
36:20relationship prime minister
36:21like iran for its regular
36:23high-level participation in
36:25bricks-related beating
36:26despite the challenging
36:27circumstances he noted that
36:29the potential for bricks
36:30in building the spirit of
36:32resilience innovation to
36:35cooperation and
36:35sustainability among
36:37countries in the global
36:39south he also thanked
36:40president for his
36:41participation at the
36:42leader's session of the
36:43bricks business forum the
36:45two leaders exchanged
36:46views of recent
36:47developments in west asia
36:48prime minister reiterated
36:49in their consistent
36:51position all issues must be
36:53resolved through dialogue
36:55and diplomacy he also
36:57underscored the need for
36:59continued efforts to
37:00ensure lasting peace and
37:02stability in the region
37:03safeguarding freedom of
37:04navigation and commerce and
37:06the safety and well-being of
37:08seafarers the prime minister
37:10appreciated continued
37:11cooperation between the
37:12side of issues of mutual
37:14interest in multilateral
37:15organizations including
37:17bricks so that's the
37:19statement from india that's
37:21the readout from india on i
37:24want to quickly bring in
37:25sandeepu nitan for more on
37:27this india's consistent
37:29position sandeep all issues
37:31have to be resolved through
37:33dialogue and diplomacy
37:34continued effort to ensure
37:36lasting peace and stability in
37:38the region safe safeguarding
37:40freedom of navigation and
37:42farmers and safety and well-being
37:43of seafarers india's made the
37:46point very clear of course it
37:48takes two to tango it remains to
37:50be seen whether america and
37:51iran are able to ensure freedom
37:53of navigation in the state of
37:54hormuz and babel mandab
37:55absolutely gaurav you know and
37:57that war is at our doorstep now we
37:59have two parallel conflicts on and
38:02both of them are impeding freedom
38:03of navigation at sea one is of
38:05course the state of hormuz which is
38:07been in a state of paralysis since the
38:1028th of february and the other is
38:12the babel mandab where the houthis
38:14have now taken over another port and
38:16they now dominate the other choke
38:19point of the arabian peninsula so these
38:21are worrying times ahead gaurav and i
38:23don't think there's been any point
38:25in the 21st century where we have
38:27seen uh you know sea lanes of
38:29communication being threatened so
38:30openly where missiles and uh you know
38:33drones are being fired at merchant
38:35ships where over 90 percent of global
38:37commerce moves on all of these
38:40merchant ships gaurav and you know till
38:41the time you're not assured of freedom
38:43of navigation there can be no economic
38:45growth they can't be any uh you know
38:477.8 percent that we've uh achieved
38:51which is a miracle if you ask me in the
38:53turbulent times to grow at this rate is
38:56incredible and the fact is that if
38:59there had not been any conflict if we
39:01had those uh economic corridors going
39:03we possibly could have even hit a
39:06double digit growth gaurav
39:10and frankly that double digit growth is
39:13required for india to reach that 30
39:15trillion dollar by 2047 target
39:17otherwise i mean i'm sure we'll be able
39:19to still reach 18 to 20 uh where where
39:22china is right now by 2047 but the aim is
39:25to reach 30 for that you need a
39:27conflict free zone you need good
39:29relations both with china and with the
39:31united states of america sandeep stay
39:33with me i will also bring in professor
39:34brahma chalani one of india's covo's
39:37voices on national security and strategy
39:39uh professor chalani welcome your reading
39:42of the readout uh uh of the meeting
39:44between prime minister narendra modi and the
39:46iranians present sea lanes of communication
39:48have to be kept open that's easier said
39:51than done when the conflict appears to be
39:52escalating professor i think the very
39:55fact that the president of iran came to
39:59the brick summit in new delhi is telling
40:01because uh his country currently is um
40:06facing war launched by president trump
40:09um the fact that he came especially to the
40:13brick summit is um is both um a commentary on
40:18iran's determination to diversify his strategic
40:23options as well as the importance iran
40:26attaches to bricks as a organization but i think
40:30for india uh this meeting between modi and the
40:35president of iran is significant because iran is
40:39india's maritime neighbor we often tend to forget
40:41that um that iran is our neighbor we tend to
40:48go by western portrayal of iran as a country in the
40:52middle east so many indians seem to think
40:54of iran as a middle eastern country they forget that the distance from
40:58mumbai to chabhar port is only 786 nautical miles iran is closer to
41:05india than it is to israel and yet many in india itself
41:10don't understand that iran is india's own neighbor
41:16and i think uh uh this uh meeting between modi
41:21and uh the president of iran is it is significant because
41:26it um conveys the message that despite india's efforts to play a balancing
41:34role both in bricks and and in international relations
41:39india recognizes the importance of maintaining good relations with iran
41:44which which has been historically a a country with which india has had a
41:51productive relationship no you're absolutely right we've had
41:56civilizational ties uh with with iran uh you know until sanctions a major
42:01part of our oil supplies came from iran and that was significant but tell me
42:06this you see this war actually worsen in the days and weeks ahead the manner in
42:13which uh the houthi forces have targeted saudi interest the manner in which they're
42:17taking over new ports and especially now in the babal mandab area so is is this
42:23war actually now expanding professor gilani uh and that would make the big global
42:30economy at great that would put global economy at greater risk would it
42:36you raise a very good question god of the thing is that trump is very unpredictable
42:41this war that he launched has proved to be a debacle for him he faces a lot of criticism at
42:53home
42:53over this war this war this war this was approval rating in the u.s now is only 20 percent
43:03so as a person who seeks to salvage his image he could be up to anything you know he could
43:11he
43:11try he could try to escalate this war and that is the risk because trump being trump
43:19he can do anything as it is his war in iran has cost india dearly i don't think any other
43:28country
43:28has has um borne a bigger prize than india over the war that trump launched and if he escalates
43:40further i think the cost on india would be comfortable even for india absolutely and yet
43:49if we continue to grow at 7.8 percent it's it's remarkable uh i'm sure you read what jeffrey's uh
43:54uh you know i have written in their assessment report and the world bank but be that as it may
43:59for a moment i want to focus on bricks when all the bricks heads of state and government and leaders
44:04sit together what what do you think will emerge from this conversation will it be more
44:11talk shop or will there be a road map some more actionable uh you know uh outcomes of this visit
44:19uh of this big summit and india steering the ship to ensure that the economy returns them an even team
44:27the new delhi summit marks bricks's 20th birthday event and in that sense bricks has come a long way
44:37it was coined as an acronym and and i don't think any acronym has traveled so far and so dramatically
44:46as um
44:47bricks it has evolved into the main forum for emerging powers its great success has been to challenge
44:56the notion that the institutions that were created under us leadership in the immediate aftermath of world
45:04war ii can continue indefinitely yes has made it very clear and and now it's now now there is a
45:12near
45:12global consensus that these institutions need to be replaced with institutions that are more representative
45:19of the world so in that sense bricks has been remarkably successful in challenging the western dominated order
45:28and in underscoring the need for a more representative international order the real challenge that
45:36that's a very good point i think the real challenge got up that bricks now faces is to create an
45:43alternative
45:44vision of what should replace the present western dominated international order so absolutely but it
45:52you know one if i may quickly interject uh uh replace the western based order but cannot be dominated by
45:59a
45:59chinese based order has to be based on an equal fitting putting for all members it can't be us is
46:05replaced by
46:06china u.n is replaced by bricks or or you know g7 by bricks but you know we need that
46:12we let's let's have a
46:12discussion on that tomorrow i quickly want to cut across and bring into this conversation dr vailavad who
46:18joins us on this broadcast and dr vailavad is one of the foremost voices um from on west asia in
46:25india
46:25sir swagata your assessment of uh president president's visit the way prime minister narendra modi was
46:33holding his hand the smile on his face in tough times does he feel at home in india thank you
46:43for your invitation and i'm happy to be again on your channel and speaking on this issue in particular
46:50uh i always remind the viewers and the world that when civilization talk a dialogue open there's a
46:57different chemistry between the country who have the dna in their blood how to be a good neighbor
47:02and india has been the natural extension into west asia barring the this the division of the subcontinent
47:09by colonial power so i would look at india go off in a three way i think india we have
47:14to see it in three
47:15uh three prisms one is india as a leader of the uh bricks group india as an economic power and
47:24india
47:24and west asia relationships so if i look at india from the india as a strategic uh you know relation
47:30and india as a platform for its bricks that now is emerging india and making india the lead in the
47:37south-south cooperation i think this is a very strong message india sent it across not only for the west
47:43but
47:43also for member country and for the rest of the world in the south where they wanted to see their
47:47voices heard in a multipolar world the second one which is also of a great important is the economic
47:53relation india for iran for india is a vital uh geopolitically important if iran's a vital partner is a
48:01strategic partner because of the united states sanction on iran india is suffering it was suffering
48:07even the gas pipeline where in iran was offering india long years ago it was denied because of the
48:13american because of the pressure and that's why shah bahar cis exists it's for india a great important
48:19and the barter and the local currency which is also of a great importance remember when they used to give
48:26india the the lease of the oil it was the best lease that indian companies were comfortable with it
48:32so i think the third one which is a more critical at this moment is the contradiction of india
48:38positioning itself as a stakeholder in the west asia because of the food security oil security and
48:44because of the diaspora so india have a good relation with the gcc while the iran issues should not be
48:51turned as a pro-iran here it's a matter of a principle where india has to stick to the u
48:56.n charter
48:56india has to stick to the consensus of the outcome of this uh a brick summit so india can take
49:04a lead
49:04and make sure that the communique comes out of this summit meeting the expectation each member
49:12that's a very important point to make and absolutely right india and iran are two civilizational
49:19countries their old civilizations date back more than 5 000 years and perhaps when the leaders of these
49:25two countries meet it it is reflected in the relationship you know the people you speak to
49:31even here they seem to echo what you say but sir the manner in which this conflict appears to be
49:36escalating not just in the state of homos but also uh the booty forces targeting saudi interest
49:42do you see an escalation in the days and months ahead and will that either in fact the communique
49:48will be okay because uae and saudi arabia will be extremely unhappy tomorrow um and also the global
49:54economy would be in tailstream once again well i believe it will have a major impact no doubt about
50:01it about not only the global trade from the strait of formos where one-fifth of the global trade goes
50:07from there but another 12 percent of the global trade which go through the red sea and also the the
50:13you
50:14metton to the mediterranean including eight percent of the oil which goes from that part of the world
50:20and i believe as we all understand the uh blocking of the strait of formos or the closure of the
50:25strait of most was a culmination of the israeli-american attack on iran and it has been never been blocked
50:31before in the history of the trade because of it was open and no no tension now the geopolitical changes
50:39have created a complex situation where iran felt that now it is more cornered by the united states
50:45economically and the people of iran go off are suffering a lot because of the economic harsh
50:50they are facing daily so i believe now iran is using its other world other other allies in the
50:57region where they can play a major role and now with the houthis taking total control of bubble mandib
51:03which is the crucial passage uh through through yemen into the uh red sea and swiss canal so all this
51:10fall in the line of that as the soon as the united states put an end to this war this
51:16crisis cannot be
51:17aggravated more but the more the united states goes deeper into the mud the more iranian will be
51:23challenging the american hegemony you know that's a very interesting point you make and this shows how
51:29dangerous uh the situation right now is uh the world is sitting on a ticking time bomb will the
51:37road to peace at least the direction come from here right where i am at the parat mandapam in the
51:45national capital and will india be able to persuade all the members at least come on the same page
51:52your divergence your issues where you don't agree let's set them keep them aside for now let's at least come
51:58converge on some have points of convergence so that global economy is not adversely impacted
52:06we'll keep an eye on that story very very closely major developments will be taking place at the
52:11parat mandapam tomorrow and we'll be here on ground zero reporting that story but that is all i have for
52:16you on this special broadcast i want to thank all our guests as we sign off from bharat mandapam for
52:21the day
52:22a quick break back with lots more on the other side of these best news stay with us
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