6th BRICS Summit declaration for strengthening SME cooperation
Updated: Jul 16, 2014 03:15:37pm
New Delhi, Jul 15 (KNN) The Fortaleza Declaration issued post sixth BRICS Summit which concluded on Tuesday stressed the need for greater cooperation in the area of Small and Medium-sized Enterprises (SMEs) among Brazil, Russia, India, China and South Africa.
The declaration noted ‘the fundamental role played by small and medium-sized enterprises in the economies of our countries as major creators of jobs and wealth’ and pledged to ‘enhance cooperation and recognize the need for strengthening intra-BRICS dialogue with a view to promote international exchange and cooperation and to foster innovation, research and development’.
India had put the SME cooperation on BRICS agenda during the last summit. Federation of Indian Micro and Small & Medium Enterprises (FISME) conducted a study ‘Deepening Cooperation among SMEs in BRICS Members’ in 2012 for Indian Institute of Foreign Trade. The findings of the study were also shared to BRICS countries.
The declaration highlighted the role of SMEs and potential cooperation in IT space also. The declaration further states that ‘ICTs should provide instruments to foster sustainable economic progress and social inclusion, working together with the ICT industry, civil society and academia in order to realize the ICT-related potential opportunities and benefits for all. We agree that particular attention should be given to young people and to small and medium-sized enterprises, with a view to promoting international exchange and cooperation, as well as to fostering innovation, ICT research and development.’ (KNN/AB)
The declaration noted ‘the fundamental role played by small and medium-sized enterprises in the economies of our countries as major creators of jobs and wealth’ and pledged to ‘enhance cooperation and recognize the need for strengthening intra-BRICS dialogue with a view to promote international exchange and cooperation and to foster innovation, research and development’.
India had put the SME cooperation on BRICS agenda during the last summit. Federation of Indian Micro and Small & Medium Enterprises (FISME) conducted a study ‘Deepening Cooperation among SMEs in BRICS Members’ in 2012 for Indian Institute of Foreign Trade. The findings of the study were also shared to BRICS countries.
The declaration highlighted the role of SMEs and potential cooperation in IT space also. The declaration further states that ‘ICTs should provide instruments to foster sustainable economic progress and social inclusion, working together with the ICT industry, civil society and academia in order to realize the ICT-related potential opportunities and benefits for all. We agree that particular attention should be given to young people and to small and medium-sized enterprises, with a view to promoting international exchange and cooperation, as well as to fostering innovation, ICT research and development.’ (KNN/AB)
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