PHDCCI Says BRICS New Delhi Declaration Could Create New Opportunities For Indian Industry

PHD Chamber of Commerce and Industry (PHDCCI) said the BRICS New Delhi Declaration could create new opportunities for Indian industry.

The chamber further said the framework could support exports, MSMEs, manufacturing, investment, digital payments and integration with global value chains.

The Declaration places strong emphasis on internationalising MSMEs. It, however, recognises affordable finance as a major hurdle to their participation in international trade and global value chains.

Principles for assessing export-oriented MSME credit and a proposed Invoice Discounting Mechanism could help unlock working capital for smaller businesses.

The BRICS New Delhi Declaration offers a key opportunity to turn economic cooperation into tangible gains for Indian industry.

Real impact will, however, come from making cross-border trade and investment cheaper, quicker and simpler.

For India, this can diversify exports and strengthen manufacturing competitiveness.

Rajeev Juneja, President, PHDCCI, said this can deepen India’s integration with emerging global value chains.

The Declaration seeks to strengthen cross-border payment systems and promote interoperable payment and messaging channels. It, however, encourages BRICS members to advance trade settlements and investments through local currencies.

The framework, however, provides scope for stronger manufacturing and investment partnerships.

BRICS members stressed resilient supply chains and greater participation of emerging markets in higher-value manufacturing and production. They highlighted trade, investment, technology transfer and productive-capacity development as key enablers.

The Declaration’s focus on infrastructure, logistics and development finance could strengthen India’s long-term competitiveness. It supports cooperation on public-private partnerships and infrastructure, multilateral guarantees to mobilise private capital, and sustainable transport and logistics networks. Its focus on digital transformation, artificial intelligence, green economy and climate finance could, however, create new opportunities. These areas could benefit Indian technology, infrastructure, clean-energy and serv

PHDCCI said implementation will determine BRICS’ economic impact. Practical mechanisms for market access, trade finance, payments, logistics, investment and technology cooperation will, however, remain crucial.

“BRICS presents India with an opportunity to move beyond a traditional export-import relationship towards deeper production, investment and technology partnerships. India can strengthen its role in building resilient global value chains. This can create new opportunities for manufacturing, investment and employment across member countries,” said Dr Ranjeet Mehta, SG and CEO.

Also Read: Ganesh Chaturthi 2026: Pranav, Karan Adani Offer Prayers At Mumbai’s Chinchpokli Cha Chintamani