2 hrs ago
India to Host Landmark BRICS Sovereign Capital Summit in Delhi
India is preparing a large meeting about investing money across BRICS countries.
More than 500 investors are expected to attend.
Together, they represent about $1 trillion in possible investment.
They will look for useful projects in areas such as energy, technology and infrastructure.
The meeting will take place at The Oberoi in New Delhi.
Some discussions will focus on making payments without relying as much on traditional dollar systems.
Participants may sign an agreement called the Sovereign Capital Compact.
They will also discuss connecting payment networks such as India’s UPI and Brazil’s Pix.
The summit will bring together more than 500 investors and representatives managing about $1 trillion in capital.
It will be held at The Oberoi in New Delhi and connect investors with projects across 21 BRICS member and partner countries.
Discussions will cover infrastructure, energy transition, critical minerals, technology and digital capacity.
A closed-door roundtable will address non-dollar settlement corridors, capital deployment and the proposed Sovereign Capital Compact.
Sessions will explore links between payment systems including India’s UPI, Brazil’s Pix and central bank digital currencies.
- Who
- More than 500 investors, sovereign wealth funds, public pension funds, family offices, government representatives and project owners from BRICS member and partner countries.
- What
- A sovereign capital summit focused on matching large pools of investment with projects and improving financial connectivity.
- Where
- The Oberoi in New Delhi, India.
- When
- September 12-13, with the main open plenary and compact signing on September 12.
- Why
- The summit aims to connect capital directly with bankable projects while addressing tariffs, sanctions, changing trade patterns and the costs of traditional dollar-clearing systems.
Key facts
- Event
- BRICS sovereign capital summit
- Location
- The Oberoi, New Delhi
- Expected participation
- More than 500 investors
- Capital represented
- Approximately $1 trillion
- Investment sectors
- Infrastructure, energy transition, critical minerals, technology and digital capacity
- Key agreement
- Sovereign Capital Compact
- Payment systems
- India’s UPI, Brazil’s Pix and central bank digital currencies
Quotes
Lakshmi Narayanan
Chairman of SWFI and Lead Co-Chair of iBRICS
“For twenty years, cross-border investments within BRICS were discussed politically and executed bilaterally through outside intermediaries. With tariffs and sanctions stressing traditional corridors, funds and ministries need direct access to allocate capital differently. We are providing that dedicated venue alongside the Leaders’ Summit.”
businesstoday.in
“BRICS countries hold a massive share of world reserves and are building the rails to move capital independently. The missing link has been matching that capital directly with bankable projects. September 12 is where project owners and global allocators sit down to make that match.”
businesstoday.in
Sources
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