Narendra Modi has said the organization of the BRICS growth
bank opens up newer opportunities of assistance with nations of South America.
"Our negotiations today should throw up new ideas for corporation between BRICS and South America. BRICS nations have already started a new episode in this with the BRICS New expansion Bank. This will open up newer opportunities of teamwork," he told leaders from South America.
South American presidents were particularly invited by Brazilian President Dilma Rousseff for a gathering yesterday on the sidelines of the peak of the five-nation federation.
Modi said South America has wonderful possible.
"It is sacred with vast capital and aptitude. It can become an significant pillar of the worldwide financial system. In the face of financial indecision its expansion can be central for universal affluence," he said.
In a globalised and inter-connected world, he said, "our destinies are inter-linked".
"Our negotiations today should throw up new ideas for corporation between BRICS and South America. BRICS nations have already started a new episode in this with the BRICS New expansion Bank. This will open up newer opportunities of teamwork," he told leaders from South America.
South American presidents were particularly invited by Brazilian President Dilma Rousseff for a gathering yesterday on the sidelines of the peak of the five-nation federation.
Modi said South America has wonderful possible.
"It is sacred with vast capital and aptitude. It can become an significant pillar of the worldwide financial system. In the face of financial indecision its expansion can be central for universal affluence," he said.
In a globalised and inter-connected world, he said, "our destinies are inter-linked".
"We are all jump by shared aspirations and ordinary challenges. We all have a stake in each other's achievement.
Distance is not a fence to opportunities. It also does not insulate us from challenges in other parts of the world," Modi said.
The Prime Minister said nations must unite to seek faster enlargement and newer avenues of generating prosperity, to find solutions to the challenge of poverty and to preserve our surroundings, and use our capital well.
Referring to the links between India and South America, the reputation of
authors like Octavio Paz and Gabriel Garcia Marquez, and the links between
Gujarat and the region, Modi secure the leaders from South America that India
will work more closely with them more than ever before "at the two-sided
level, as a BRICS member, in the G77, as well as other international forums.
India's deal with South America, has shown strong increase in new years but it is still well below possible, Modi said.
To tap huge opportunities of assistance, he said, "We must utilise, the special Trade Agreement between India and the MERCOSUR Trade Block (South America's trade block) and Chile, more successfully."
"I resolutely consider, the potential of assistance are imperfect not by aloofness but only by our mind's eye and efforts. We have much to learn from each other, in our journey towards comprehensive and sustainable expansion.
"We must share with each other, our experiences, best practices and pioneering solutions. India stands enthusiastic to the same. I am pleased, that India has deputed experts, to countries in the South American region in the fields of Agriculture, Horticulture, Disaster Management, infrastructure and Law. We are also working together in Renewable power," Modi said.
To share its knowledge in in order Technology, India will set up Centres of Excellence in in sequence Technology, in South American countries, the Prime Minister said.
India also accessible to expand assistance, in areas like Tele-medicine, Tele-education and e-ascendancy.
"We extend our Space capabilities, for weather forecasting, supply mapping and disaster management. I also look forward, to a much more intensive level of meeting, between India and South America, in the pending years, crossways all domains of cooperation," he said.
India's deal with South America, has shown strong increase in new years but it is still well below possible, Modi said.
To tap huge opportunities of assistance, he said, "We must utilise, the special Trade Agreement between India and the MERCOSUR Trade Block (South America's trade block) and Chile, more successfully."
"I resolutely consider, the potential of assistance are imperfect not by aloofness but only by our mind's eye and efforts. We have much to learn from each other, in our journey towards comprehensive and sustainable expansion.
"We must share with each other, our experiences, best practices and pioneering solutions. India stands enthusiastic to the same. I am pleased, that India has deputed experts, to countries in the South American region in the fields of Agriculture, Horticulture, Disaster Management, infrastructure and Law. We are also working together in Renewable power," Modi said.
To share its knowledge in in order Technology, India will set up Centres of Excellence in in sequence Technology, in South American countries, the Prime Minister said.
India also accessible to expand assistance, in areas like Tele-medicine, Tele-education and e-ascendancy.
"We extend our Space capabilities, for weather forecasting, supply mapping and disaster management. I also look forward, to a much more intensive level of meeting, between India and South America, in the pending years, crossways all domains of cooperation," he said.