New Delhi: BRICS countries should work to create a supply chain for important minerals and technology and safe and reliable, so that no country can use these resources against others “selfish benefits or as a weapon” for “as a weapon”, PM Narendra Modi said at the Rio Summit. This comment is important because they come at a time when the global community is struggling with the dominance of China’s vital minerals. Quad recently announced an important mineral initiative to secure and diversify the supply chains to prevent any economic force or value manipulation.Modi was speaking in the presence of Premier Lee Kiang, who represented China at the summit in the absence of President Xi Jinping. In April this year, amidst a fierce trade war with the US, China suspended the export of some rare earth minerals, which raise global concerns about its impact on advanced technology and security industries.The call to ensure safe and reliable supply chain was one of those suggestions that were one of the PM to the PM in the BRICS session on strengthening the multilateralism, economic issues and AIs to turn on the group for the multilateral world. He said that the diversity and multiplicity of the BRICS is its greatest strength.Strengthening internal systems such as BRICS New Development Bank (NDB), which would provide more reliability for calling for improved multilateralism, cooperation in agricultural research for the benefit of global South, building a BRICS science and research repository, and ensuring that there were some other suggestions made by Modi on their address. The PM underlined that the NDB should follow the demand for “the principle and long -term stability” to give the projects.Modi said, “Global standards should be made that can verify the authenticity of digital content, so that we can identify the source of material and maintain transparency and prevent misuse,” Modi said, India will organize AI Impact Summit next year for better cooperation between all countries.Modi said that at a time when the global community faced uncertainty and challenges, the relevance of the BRICS was clear. Modi said, “Global South has many expectations from us. To fulfill them, we should follow the principle of ‘lead by example’. India is fully committed to working shoulder to shoulder with all its partners to achieve its general goals.”Addressing another session on climate, Modi said that next year, under India’s BRICS Presidency, the Indian government will work to define BRICS in a new form. “BRICS would mean – flexibility and innovation building for cooperation and stability,” he said, for India, climate justice is not an alternative, but not a moral duty. He underlined India’s situation that without cheap financing for countries with technical transfer and needs, climate action would be limited to climate dialogue only.
