The useful part
He emphasised the strategic importance of the gathering, highlighting its role in advancing the Global South and boosting India-South Africa trade ties. Modi, Chinese President Xi Jinping, Russian President Vladimir Putin, and South African President Cyril Ramaphosa the summit's global significance. Sooklal noted that India is expected to host a highly productive summit, with discussions spanning resilience, innovation, cooperation, and sustainability.
How it works
- For the first time, countries of the Global South have emerged as a powerful formation, working collectively for the benefit of the wider international community.
- These firms will participate in the BRICS Business Forum and side events focused on India-South Africa trade, signalling growing interest in the Indian market.
- He said there is vast potential to expand trade further, with Indian companies also showing strong interest in entering the African market using South Africa as a base.
- He said the summit will be a major diplomatic event, with New Delhi set to welcome leaders of BRICS Member and Partner Countries as well as Outreach Invitees at Bharat Mandapam on September 12-13.
- On the evolution of BRICS, he explained that the grouping has brought the Global South to the forefront of the global geopolitical environment.
What to take from it
Converted to Indian currency, this trade volume amounts to approximately ₹1,04,125 crores annually, underscoring the scale of economic engagement. He stressed that the Security Council must reflect the realities of 2026 rather than those of 1945, echoing the views of UN Secretary-General Antonio Guterres. Bilateral trade between India and South Africa, currently valued at around $12.5 billion annually, is expected to receive a major boost.
Example or evidence
- India's BRICS Chairship is guided by the theme "Building for Resilience, Innovation, Cooperation and Sustainability", reflecting Prime Minister Modi's vision of a people-centric approach rooted in the...
- Major Indian multinationals are already present in South Africa and performing well, reflecting the mutual benefits of deeper economic ties.
- to trade, Sooklal reiterated South Africa's call for urgent reform of the United Nations Security Council.
- He described the UNSC as outdated and paralysed, unable to effectively address global conflicts.
Details worth keeping
The envoy also highlighted the economic dimension of the summit. He noted that reform has been a consistent demand in every BRICS declaration and will again feature prominently in the upcoming summit. The summit is expected to reinforce this vision while advancing collective goals of the Global South.
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