Vietnamese crab exporter
Advertisement

Russia, Iran slam 'economic weaponisation'. West's dominance in dock? Panel debates

Prime Minister Narendra Modi held a bilateral meeting with Iranian President Masoud Pezeshkian on the sidelines of the 18th BRICS Summit at Bharat Mandapam in New Delhi. The discussions addressed escalating West Asia tensions, the Russia-Ukraine conflict, and the protection of global trade corridors, including the Strait of Hormuz and the Chabahar Port project. The meeting followed talks between Prime Minister Modi and Russian President Vladimir Putin, while an India-China bilateral dialogue with President Xi Jinping remains scheduled. During the summit, Russian President Putin criticised Western sanctions targeting critical infrastructure and logistics. Iranian President Pezeshkian called for reduced reliance on dominant currencies by expanding local currency settlements through the New Development Bank. Panelists and analysts examined India-Russia strategic relations, defense cooperation featuring the Su-57 and BrahMos missile systems, and supply chain security for Indian seafarers. Prime Minister Modi emphasised safeguarding energy routes, globalising Unified Payments Interface (UPI) systems, and strengthening economic integration across the Global South ahead of the Delhi Declaration.

Read More

VIDEOS FROM OTHER SECTIONS

LATEST VIDEOS

Modi-Pezeshkian Bilateral Concludes Amid Rising Iran-Israel-US Tensions, Focus on Trade and Chabahar

The bilateral meeting between Prime Minister Narendra Modi and Iranian President Masoud Pezeshkian has concluded after lasting approximately 30 minutes. The discussions took place amidst escalating tensions between Iran, Israel, and the United States threatening a wider regional confrontation. For India, key priorities include safeguarding national interests, keeping diplomatic channels open with Iran, and focusing on trade, energy security, and the Chabahar Port project.

PM Modi Meets Iran President Pezeshkian At BRICS; West Asia Tensions In Focus

Prime Minister Narendra Modi and Iranian President Masoud Pezeshkian have begun their bilateral meeting on the sidelines of the BRICS Summit. This marks the second meeting between the two leaders in two weeks, with escalating tensions in West Asia set to dominate the discussions. The bilateral comes amid India's diplomatic engagements at the summit, where PM Modi has already held talks with Russia and is scheduled to meet Chinese President Xi Jinping. With speeches from leaders reflecting critical messaging toward the West, the meeting highlights India's tightrope diplomacy.

advertisement

PM Narendra Modi: 'Make in India, Innovate with India, Scale for the World'

Prime Minister Narendra Modi addressed the BRICS Business Forum, highlighting the growth and resilience of the economic bloc as it marks 20 years. Emphasising India's economic strength, technological advancement, and startup revolution, Mr Modi invited global leaders and businesses to partner with the country under the vision: 'Make in India, Innovate with India, Scale for the World.' He noted that BRICS countries now represent 50 percent of the world population and 40 percent of global GDP, expanding from four nations in 2006 to 21 partner nations. Underlining India's role as a trusted hub for stability and innovation, the Prime Minister highlighted landmark initiatives such as the Unified Payments Interface (UPI), green hydrogen development, and strategic supply chain diversification. Modi urged the BRICS Business Council to create a roadmap to eliminate the top ten trade barriers, scale 100 startups across member markets annually, and establish 1,000 new business partnerships to translate shared ambitions into impactful global solutions.