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Modi Pitches BRICS Startup Fund, Supply Chains and AI Agriculture

Modi Pitches BRICS Startup Fund, Supply Chains and AI Agriculture
PM pitches for start-up fund, incubator network - Business News · financialexpress.com

Prime Minister Narendra Modi spoke at a BRICS meeting about countries working together on shared problems.

He warned that using technology or important minerals as weapons could slow progress.

He proposed a fund and an incubator network to help startups create useful new ideas.

Another plan would make supply chains stronger when pandemics, disasters or other crises cause disruptions.

A digital agriculture network would use artificial intelligence and other tools to help farmers.

BRICS countries agreed to create an early-warning system for infectious diseases and guidelines for sharing disaster information.

Modi also mentioned projects for small businesses, clean energy, city transport and climate-friendly farming.

He said entrepreneurs, farmers, researchers, women, young people and ordinary citizens should participate.

He urged BRICS to make its solutions useful for other developing countries too.

Key facts

Startup proposal
BRICS Startup Innovation Fund
Innovation network
BRICS Incubator Network to connect startups and incubators
Supply-chain initiative
BRICS Logistics Supply Chain Cooperation Framework
Agriculture initiative
BRICS Network on Digital Agriculture linking artificial intelligence, geospatial technology and digital connectivity with farmers’ needs
Health preparedness
BRICS Integrated Early Warning System for preventing and responding to infectious diseases
Disaster management
Early Warning Data Integration Guidelines were prepared
Participation platform
BRICS CONNECT covers skills, employability, women’s workforce participation, social security and capacity building
Additional initiatives
BRICS projects include an MSME Cooperation Portal, Urban Mobility Hub, Digital Centre of Excellence for Smart Grids and Energy Storage, and centres for agro-ecology and regenerative agriculture

Quotes

Narendra Modi

Prime Minister of India speaking at the BRICS Summit

“The weaponisation of technology and critical minerals can become an obstacle to our shared progress. Therefore, we have emphasised inclusivity in the adoption of technology.”
financialexpress.com
“Under this, AI, geospatial technology and digital connectivity infrastructure will be linked with the real needs of farmers.”
financialexpress.com

Sources

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