India Hosts BRICS Business Summit to Boost Global MSME Connectivity
India BRICS Business summit aims to connect MSME sector globally
The Economic TimesImage: The Economic Times
The recent India BRICS Business Summit in Hyderabad aimed to enhance global connectivity for India's Micro, Small, and Medium Enterprises (MSMEs). Key outcomes included the signing of the Hyderabad Declaration and the establishment of the BRICS Entrepreneurs Alliance (BEA) to foster international collaboration and support for MSMEs.
- 01The summit focused on connecting India's MSME sector globally.
- 02The Hyderabad Declaration outlines a strategic roadmap for MSME growth.
- 03Dr. Bhaskar Jyoti Sonowal was elected President of the BRICS Entrepreneurs Alliance (BEA) Global Forum.
- 04India will host the BEA Global Summit in November 2026.
- 05The BEA aims to empower entrepreneurs and enhance international collaboration.
Advertisement
In-Article Ad
The India BRICS Business Summit held in Hyderabad has significantly advanced the global connectivity of India's Micro, Small, and Medium Enterprises (MSMEs). A pivotal outcome was the signing of the Hyderabad Declaration, which provides a strategic roadmap for MSME growth and collaboration within the BRICS+ framework. Union MSME Minister Jitan Ram Manjhi emphasized the importance of the BRICS Entrepreneurs Alliance (BEA) in promoting entrepreneurship and supporting MSME development in India. Dr. Bhaskar Jyoti Sonowal was elected as the President of the BEA Global Forum for the term 2026-27, marking a significant leadership role for India in the BRICS+ economic ecosystem. The BEA plans to host its Global Summit in November 2026, aiming to attract a diverse international audience and foster new business partnerships. Leaders from BRICS nations expressed strong support for India's leadership in shaping a more inclusive global trade framework, highlighting the potential for enhanced cooperation and shared prosperity.
Advertisement
In-Article Ad
The summit is set to empower Indian MSMEs by providing them with greater access to international markets, potentially increasing their growth and competitiveness.
Advertisement
In-Article Ad
Reader Poll
Do you believe the BRICS Entrepreneurs Alliance will successfully enhance global opportunities for Indian MSMEs?
Connecting to poll...
Read the original article
Visit the source for the complete story.
