BRICS Industry Meet in Jaipur to unlock investment, industrial growth: CM Sharma

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BRICS Industry Meet in Jaipur to unlock investment, industrial growth: CM Sharma

Synopsis

Jaipur is hosting the BRICS Industry and Trade Ministers' Meeting on 6-7 August, with India using its presidency to push tangible outcomes — from an SME cooperation framework to a photovoltaic industry work plan and a startup-led innovation agenda. For Rajasthan, it is a rare opportunity to pitch itself directly to ministers from the world's largest emerging-market bloc.

Key Takeaways

The BRICS Industry and Trade Ministers' Meeting is being held in Jaipur on 6 and 7 August 2025 .
Rajasthan CM Bhajanlal Sharma expressed confidence the meeting would attract investment and boost industrial growth in the state.
Union Minister Piyush Goyal highlighted PartNIR as the primary platform for BRICS industrial cooperation under India's presidency.
Key outcomes include a cooperation framework for the BRICS SME Working Group and a work plan for the BRICS Working Group on the Photovoltaic Industry .
An action plan to promote startup-led innovation and strengthen transport and logistics networks was also approved.
CM Sharma earlier met Home Minister Amit Shah in New Delhi to discuss Rajasthan's development priorities.

Rajasthan Chief Minister Bhajanlal Sharma on Thursday, 6 August expressed confidence that the BRICS Industry and Trade Ministers' Meeting being held in Jaipur would deepen international cooperation and open fresh avenues for investment and industrial expansion in the state. The two-day meeting, scheduled for 6 and 7 August, has brought together ministers and senior officials from BRICS member nations to deliberate on trade, industry, and economic cooperation.

Key Dignitaries and Delegations

Union Minister for Commerce and Industry Piyush Goyal, Union Minister of State for Commerce and Industry Jitin Prasada, Rajasthan Deputy Chief Minister Diya Kumari, and Industries and Commerce Minister Col. Rajyavardhan Rathore attended a cultural programme and dinner hosted in honour of the visiting ministers and delegates. Senior representatives from BRICS member nations were also present at the event.

What Goyal Said

Welcoming the delegates, Piyush Goyal described Jaipur as a city that blends centuries-old craftsmanship with modern industrial aspirations. He urged BRICS countries to convert shared aspirations into practical innovation and cooperation by leveraging complementary strengths, with the goal of building resilient and self-reliant industries. Goyal noted that PartNIR has emerged as the primary platform for advancing such cooperation under India's presidency.

Recalling that the BRICS journey began with the first summit in Yekaterinburg, Russia, in 2009, Goyal acknowledged Brazil's leadership during its 2025 presidency and reaffirmed India's commitment to a pragmatic approach. He said India's presidency aims to promote trust among businesses, investors, and innovators while delivering tangible outcomes for all member nations.

Key Outcomes Under PartNIR

The minister outlined progress across four priority areas during India's presidency. Significant decisions included the finalisation of a cooperation framework for the BRICS SME Working Group, adoption of the Terms of Reference and Work Plan for the BRICS Working Group on the Photovoltaic Industry, approval of an action plan to promote innovation-led growth through startups, and a renewed emphasis on strengthening transport and logistics networks — including GIS-based infrastructure planning and city logistics systems.

Rajasthan's Role and CM Sharma's Remarks

Chief Minister Bhajanlal Sharma called it a matter of pride for Rajasthan to host a gathering of this scale, expressing confidence that the event would create new opportunities for investment and industrial growth in the state. Delegates were welcomed with traditional Rajasthani hospitality and a cultural showcase of the state's rich heritage.

Earlier on Thursday, Sharma was in New Delhi, where he met several Union ministers including Home Minister Amit Shah, to discuss matters related to Rajasthan's development. The Jaipur meeting marks a significant diplomatic moment for the state as it seeks to position itself as a destination for global industrial investment.

Point of View

Handicrafts, and an emerging industrial corridor. But the real test lies in PartNIR's delivery: frameworks and work plans are routine diplomatic currency; what BRICS has historically struggled with is converting ministerial consensus into cross-border investment flows. The photovoltaic and SME working group outcomes are directionally sound, but India's presidency will be judged by whether these translate into measurable trade upticks among member nations — not just well-produced communiqués from pink-city banquet halls.
NationPress
7 Aug 2026

Frequently Asked Questions

What is the BRICS Industry and Trade Ministers' Meeting in Jaipur?
It is a two-day gathering of ministers and senior officials from BRICS member nations, held in Jaipur on 6 and 7 August 2025, to discuss trade, industry, and economic cooperation. The meeting is taking place during India's BRICS presidency.
What is PartNIR and why does it matter?
PartNIR is the primary platform for advancing industrial and trade cooperation among BRICS nations under India's presidency. Union Minister Piyush Goyal described it as the key mechanism for converting shared aspirations into practical innovation and self-reliant industries.
What decisions were taken at the BRICS meeting in Jaipur?
Key outcomes include finalisation of a cooperation framework for the BRICS SME Working Group, adoption of a work plan for the BRICS Working Group on the Photovoltaic Industry, an action plan for startup-led innovation, and steps to strengthen transport and logistics networks including GIS-based infrastructure planning.
Why is Rajasthan hosting the BRICS Industry and Trade Ministers' Meeting?
Rajasthan Chief Minister Bhajanlal Sharma said it is a matter of pride for the state to host the meeting, viewing it as an opportunity to attract international investment and industrial growth. Jaipur was chosen as the venue, with delegates receiving traditional Rajasthani hospitality.
Who attended the BRICS meeting in Jaipur?
Union Minister Piyush Goyal, Minister of State Jitin Prasada, Deputy CM Diya Kumari, Industries Minister Col. Rajyavardhan Rathore, CM Bhajanlal Sharma, and senior representatives from BRICS member nations attended the cultural programme and dinner on 6 August.
Nation Press
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