1 hr ago
BRICS Forum Seeks New Markets for Indian Businesses
The BRICS Business Forum brings companies and government representatives together to find ways to do more business.
Indian companies may gain access to new customers and markets through these connections.
Businesses are also trying to meet potential partners directly instead of using middlemen.
Evgeniy Zakharov of Eurasia Motors said he had already met possible partners at the forum.
He said trade between some countries is currently small but could grow.
Dereje Walelign Mera said working groups are studying tariffs and other problems that make trade difficult.
Removing these problems could make it easier for companies in BRICS+ economies to work together.
The forum’s ideas may also help cooperation in technology, investment, digital business and supply chains.
The BRICS Business Forum is promoting stronger trade and business links among participating economies.
Industry representatives say reducing tariffs and other barriers could open new markets for Indian companies.
Eurasia Motors Managing Director Evgeniy Zakharov said the forum is helping businesses find partners directly.
The BRICS Business Council uses sector-specific working groups to examine obstacles to cross-border commerce.
Forum recommendations may support cooperation on investment, digital economy, MSMEs, technology and supply chains.
- Who
- Indian businesses, BRICS business representatives and policymakers, including Evgeniy Zakharov and Dereje Walelign Mera.
- What
- The BRICS Business Forum is working to increase intra-BRICS trade, partnerships and investment by addressing trade barriers.
- Where
- New Delhi, at the BRICS Business Forum.
- When
- Friday, according to the articles.
- Why
- To open new markets, strengthen direct business connections, reduce trade barriers and diversify supply chains.
Key facts
- Event
- BRICS Business Forum
- Location
- New Delhi
- Main focus
- Increasing intra-BRICS trade and business cooperation
- Barriers examined
- Tariffs and other obstacles to cross-border commerce
- Potential benefits for India
- New markets, investment opportunities and more diversified supply chains
- Business representative
- Evgeniy Zakharov, Managing Director of Kazakhstan-based Eurasia Motors
- Council representative
- Dereje Walelign Mera, Chairman of the Ethiopian Solar Energy Development Association
- Agenda areas
- Investment, digital economy, MSMEs, technology and value-chain integration
Quotes
Evgeniy Zakharov
Managing Director of Kazakhstan-based Eurasia Motors
“It has just started for me...This is the first time I participate in the forum, but I think it's quite great because many countries, lots of opportunities”
thehansindia.com
“Bilaterally, trade is not so big at the moment, but I think it will improve”
thehansindia.com
Dereje Walelign Mera
Chairman of the Ethiopian Solar Energy Development Association
“If all those kind of hurdles are removed, BRICS+ countries can do businesses very easily within each other”
thehansindia.com
Sources
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