BRICS business council to conduct capacity building programmes

Under the aegis of the BRICS Business Council, a series of capacity building programmes will be conducted across India to promote trade and investments with BRICS countries, FICCI said here today.
As part of the initiative, BRICS Business Council along with FICCI and EXIM Bank is organising 'Capacity Building Programme on Promoting Trade and Investments with BRICS Countries' here on April 12, it said.
The objective of the programme is to acquaint members of the Exim business community with various trade instruments, financing framework and policies available with DGFT, EXIM Bank, ECGC and State Bank of India for promoting trade and investment with BRICS countries, it added.

The agenda of the forum is to create an opportunity to help trade and business community of Kerala identify prospective businesses that can be explored for expanding the trade base of BRICS.
P M Francis IAS, Director, Industries and Commerce, Government of Kerala will inaugurate the BRICS Seminar here.
About Sergey Gorkov Sergey Gorkov (48) became the head of

state corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank) in February 2016.
Prior to that, he worked as deputy chairman of the board of Sberbank, where he supervised the work of the international operations unit. Mr Gorkov has been awarded the Medal of the Order of Merit for Services to the Fatherland, 2nd class and the Certificate of Honour of the Government of the Russian Federation.

About BRICS The acronym "BRICs" was initially formulated in 2001 by economist Jim O'Neill, of Goldman Sachs, in a report on growth prospects for the economies of Brazil, Russia, India and China - which together represented a significant share of the world's production and population.
Russia was the side that initiated the creation of BRICS. In 2006, the four countries started a regular informal diplomatic coordination, with annual meetings of Foreign Ministers at the margins of the General Debate of the UN General Assembly (UNGA). This successful interaction led to the decision that the dialogue was to be carried out at the level of Heads of State and Government in annual Summits. As of the First Summit, held in Yekaterinburg in 2009, the depth and scope of the dialogue among the Members of BRICs - which became BRICS in 2011 with the inclusion of South Africa - was further enhanced.

More than an acronym that identified countries emerging in the international economic order,BRICS became a new and promising political-diplomatic entity, far beyond the original concept tailored for the financial markets.
SOURCE: Vnesheconombank.