India’s BRICS presidency is giving businesses from Russia, Egypt and other participating countries a wider platform to develop commercial partnerships. At the New Delhi summit, industry and institutional representatives explored opportunities in infrastructure, agriculture, technology, energy and skills. They said stronger business-to-business engagement could turn BRICS cooperation into concrete projects and deeper economic ties.
Key Takeaways:
- India’s BRICS presidency is creating fresh opportunities for trade, investment and business partnerships.
- Representatives from Russia and Egypt see scope for cooperation in infrastructure, technology, agriculture, skills and other sectors.
- Business-to-business meetings and the BRICS Business Council are helping companies build direct commercial links.
India’s BRICS presidency is generating fresh interest in cross-border trade, investment and business cooperation, with representatives from Russia, Egypt and other BRICS Plus countries identifying new opportunities across several sectors.
Business and institutional representatives attending the BRICS summit in New Delhi said the platform had helped companies establish contacts and explore potential partnerships. The discussions covered infrastructure, energy, technology, agriculture and skills development.
The participants also highlighted the importance of direct business engagement. They said meetings between companies could help convert broader BRICS discussions into practical commercial projects.
Business Meetings Drive New Partnerships
Alexander Kokov, Founder and CEO of Russian company GSBI Ltd, described the summit as energetic and positive.
He said participants showed strong interest in cooperation. The business-to-business meetings were a key part of that engagement, he added.
According to Kokov, the meetings allowed entrepreneurs from different countries to interact directly. They also helped businesses identify possible areas for collaboration.
Kokov praised industry body FICCI for facilitating these interactions. He said being in India also gave foreign participants a better understanding of the country’s economic strength and market potential.
He sees significant scope for India and Russia to expand their economic relationship. Kokov said the two countries could enter a phase that creates a stronger foundation for trade and investment in the coming years.
BRICS Can Connect Global South Businesses
Kokov said his organisation operates in the Global South Business Innovations and MICE sector.
MICE covers Meetings, Incentives, Conferences and Exhibitions. He said such platforms could help connect the economic potential of BRICS countries.
Business conferences and exhibitions can create opportunities for direct interaction, Kokov said. Such engagement could help move discussions among member countries towards specific commercial initiatives.
The focus on direct business links reflects the broader effort to make economic cooperation more practical. Companies can use these platforms to explore partnerships rather than relying only on institutional discussions.
Skills Development Emerges as Key Area
Alina Singh, Deputy Director of Russia’s Skills Development Agency, stressed the diversity within BRICS.
She said the grouping brings together countries with different cultures, experiences and perspectives. This diversity creates opportunities for members to exchange knowledge and expertise.
“Member countries can share their experiences and expertise, learn from each other and promote collective development. That is the greatest strength of BRICS,” she said.
Her remarks highlighted skills and experience sharing as another potential area for cooperation among BRICS members and partner countries.
Russian Helicopters Group Highlights Business Council
Maxim Andrianov, International Marketing Manager at Russian Helicopters Group, welcomed India’s leadership of BRICS.
He also praised the organisation of the summit. Andrianov said the engagement had produced new business contacts and discussions on several projects.
He highlighted the role of the BRICS Business Council in supporting commercial engagement. The council, he said, had helped strengthen direct business-to-business cooperation among participating countries.
Andrianov also discussed the Make in India initiative.
He said projects that require local manufacturing would operate within the Make in India framework. At the same time, he noted that commercial companies consider several factors when taking business decisions.
Cost, efficiency and competitiveness remain important considerations, he said. Consumer affordability also plays a role in assessing commercial opportunities.
Infrastructure and Agriculture Draw Attention
Paroma Munshi Rebello, Head of Business Development at Pristine Logistics & Infraprojects Ltd, said her working group was focused on infrastructure.
She linked infrastructure closely with investment. The sector, therefore, remains an important area for potential cooperation among BRICS economies.
Islam Salem, a representative of Egypt-based Iskra Maiden for Investment and Agricultural Development, also pointed to the expanding scope for cooperation.
Salem said the private sector would have an important role in turning identified opportunities into actual partnerships.
“Discussions over the past two days on agriculture, technology, finance and several other sectors have clearly shown that there are significant opportunities for partnerships among member countries,” Salem said.
The comments from representatives of Russia, Egypt and other participating economies underline the business opportunities emerging around India’s BRICS presidency.
Infrastructure, agriculture, technology, finance, energy and skills development have emerged as areas where businesses can explore stronger links.
The participants also stressed the importance of platforms that allow companies to interact directly. Such engagement can help translate BRICS discussions into partnerships and projects.
With India leading the grouping, business representatives said the current engagement has created fresh avenues for deeper trade, investment and economic cooperation across BRICS and the wider Global South. (Edited by Enewstime Desk)