PM Modi Urges Resilient Supply Chains at BRICS Summit
By Business Desk
PM Narendra Modi calls for resilient supply chains, tech cooperation, and equitable resource access at the BRICS summit, warning against mineral weaponization.
Addressing Global Interconnectedness and Supply Chain Stability
During the BRICS summit, Prime Minister Narendra Modi addressed growing concerns regarding global supply chains and technological dominance. He explicitly warned against the potential weaponization of critical minerals and advanced technologies, urging member nations to foster cooperation.
Modi emphasized that no crisis remains confined to a single region during his address. To maintain economic stability among member nations, he called for the establishment of a robust early-warning system and more resilient supply chains.
Advocating for Equitable Access in the Global South
The Prime Minister asserted that for the Global South to thrive, there must be equitable access to resources and technology. He cautioned against competition that could destabilize global markets.
Furthermore, Modi called for a more inclusive and rules-based international order. He highlighted the importance of BRICS in advocating for the interests of developing nations.
Ensuring Technology Serves Humanity
Modi noted the necessity of ensuring that technological advancements serve humanity as a whole. He stressed that technology should not become a tool for geopolitical leverage.
The collective effort of member nations aims to secure global market stability and protect developing economies. Cooperation remains essential to prevent the weaponization of critical resources.