How is India strengthening its industrial competencies by joining BRICS?
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New Delhi, Feb 4 (NationPress) India has officially become a member of the BRICS Centre for Industrial Competencies (BCIC) during an event hosted by the Department for Promotion of Industry and Internal Trade (DPIIT) in the nation's capital, as stated in an official announcement made on Wednesday.
The BCIC, which was launched in collaboration with the United Nations Industrial Development Organization (UNIDO), functions as a comprehensive hub offering integrated support services to manufacturing firms and Micro, Small and Medium Enterprises (MSMEs) across BRICS nations, focusing specifically on enhancing Industry 4.0 capabilities.
During the event, a Trust Fund Agreement was formalized between DPIIT and UNIDO, signed by Agrim Kaushal, Economic Adviser at DPIIT, and Dr. Cristiano Pasini, Director of UNIDO, thereby solidifying India's involvement in the BCIC framework, the statement elaborated.
The National Productivity Council (NPC) has been appointed as the Indian Centre for BRICS Industrial Competencies. Under the policy direction of DPIIT and with technical assistance from UNIDO, NPC will lead India’s participation in BCIC, contributing to skill development, productivity improvement, and the adoption of advanced manufacturing practices, the statement noted.
The gathering was chaired by Amardeep Singh Bhatia, Secretary of DPIIT, and attended by Neerja Sekhar, Director General of NPC, along with senior officials from DPIIT, the Ministry of MSME, the Ministry of External Affairs, representatives from UNIDO, and industry partner Federation of Indian Chambers of Commerce and Industry (FICCI), the announcement further added.
BRICS is a significant intergovernmental organization and geopolitical alliance representing vital emerging economies—initially comprising Brazil, Russia, India, China, and South Africa. It has since expanded to include additional nations like Egypt, Ethiopia, Iran, Saudi Arabia, the UAE, and Indonesia as of 2024-2025.
It serves as a counterbalance to Western-dominated global institutions, with its members prioritizing enhanced economic collaboration, trade, and political sway, collectively representing over 40% of the global population. India became a part of BRIC (Brazil, Russia, India, China) when the group was established as a formal entity in 2006, with its inaugural summit taking place in 2009. The organization was later renamed BRICS with South Africa's inclusion in 2010.