Prime Minister Narendra Modi leaves for Brazil to attend BRICS summit

63 views · Published 14 July 2014 · 0:41 · Indexed 4 November 2026

Channel: NEXT9NEWS हर खबर आप तक · 2014 · News & Politics

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Projecting a nuanced foreign policy approach of the new government, Prime Minister Narendra Modi said India will discuss at the BRICS summit this week, efforts to address regional crisis and security threats to restore a climate of peace while advancing global economic stability.

In a departure statement before leaving for Berlin en route Fortaleza in Brazil for his first multi-lateral engagement with global leaders, he also said that India looks forward to the BRICS initiative for setting up the New Development Bank and Contingent Reserve Arrangement.

The BRICS Development Bank with a corpus of $100 million will fund projects in a number of countries and other developing countries. India along with China is in contention for establishing its headquarters either in New Delhi or in Shanghai.

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