India's Initiative in BRICS for Startups
India has taken a proactive step in inviting all BRICS member countries to bolster cooperation in the startup sector to further innovation, as announced by the commerce and industry ministry.
9th BRICS Industry Ministers’ Meeting
- Held on May 21 in Brasilia.
- India suggested enhancing cooperation among BRICS members in the startup sector.
About BRICS
- BRICS is an intergovernmental organization.
- Comprises 10 countries:
- Brazil
- Russia
- India
- China
- South Africa
- Egypt
- Ethiopia
- Indonesia
- Iran
- UAE
India's Role
- India will assume the BRICS presidency in 2026.
- Launched the BRICS Startup Knowledge Hub on January 31, 2025.
- Aimed at enhancing cross-border collaboration and strengthening startup ecosystems among member countries.