India’s Innovative Move: Launching BRICS Startup Forum to Boost Collaboration and Diversity!
- ByStartupStory | August 9, 2023
India plans to establish a BRICS startup forum this year, aiming to enhance cooperation and knowledge sharing among investors, incubators, and aspiring entrepreneurs. This initiative was announced by Commerce and Industry Minister Piyush Goyal during the seventh virtual
BRICS Industry Ministers’ meeting, which included participants from Brazil, Russia, India, China, and South Africa.
Goyal highlighted the success of India’s Startup India program, which has facilitated the establishment of nearly 100,000 startups within the country. He expressed India’s willingness to extend support to other BRICS member nations in fostering their startup ecosystems.
The meeting resulted in a joint declaration that focused on several key aspects of the development of BRICS economies. These included the significance of digitalization, industrialization, innovation, inclusivity, and investment. Acknowledging the growing role of Industry 4.0 and emerging technologies, the ministers recognized their potential for driving the digital transformation of various economic sectors.
The declaration also emphasized the importance of human resource development, particularly through collaborative efforts on upskilling and reskilling programs. Additionally, the ministers highlighted the necessity of creating market opportunities that promote the inclusive growth of projects managed by women, youth, and marginalized groups.
Through the declaration, the BRICS members acknowledged the need for human resource development and exploring opportunities for cooperation on upskilling and reskilling programs,” the Commerce and industry ministry said in a statement.
In summary, India aims to launch a BRICS startup forum to facilitate collaboration and knowledge exchange among investors, incubators, and entrepreneurs. This move aligns with the shared goals of the BRICS countries, which include digitalization, innovation, and inclusive growth. The joint declaration underlines the significance of emerging technologies and the need for human resource development and inclusive market opportunities.
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