PM Modi proposes annual BRICS trade fair

Ufa, July 09 (ANI): Speaking at BRICS Business Council in the Russian city of Ufa on Thursday Prime Minister Narendra Modi proposed that BRICS nations host an annual trade fair and added that India would be happy to host the first such fair of the five-nation bloc. PM Modi said that a strong economic cooperation is required among the BRICS nations. The leaders of Brazil, Russia, India, China and South Africa will hold a two-day summit beginning today. PM Modi said that BRICS nations should see their strengths and then cooperate on skill development. Modi also said that Contingency reserve arrangement can now be a reality.