
'Force For Global Good': PM Modi Thanks Brazil President Lula For Hosting BRICS Summit
PM Modi arrived in Brazil to attend the 17th BRICS Leaders Summit.
Prime Minister Narendra Modi on Sunday received a warm welcome from Brazil President Luiz Inacio Lula da Silva as he arrived at the Museum of Modern Art in Rio de Janeiro to attend the 17th BRICS Leaders Summit.
Both the leaders shook hands and shared a warm hug with enthusiasm at the venue.
The Prime Minister further thanked President Lula for hosting the BRICS Summit. "Grateful to President Lula for hosting this year's BRICS Summit in Rio de Janeiro. BRICS remains a powerful force for economic cooperation and global good," he said in a post on X.
Grateful to President Lula for hosting this year's BRICS Summit in Rio de Janeiro.BRICS remains a powerful force for economic cooperation and global good. @LulaOficial pic.twitter.com/4suQE0BIWj
— Narendra Modi (@narendramodi) July 6, 2025
PM Modi To Attend BRICS Summit
PM Modi arrived in Brazil to attend the 17th BRICS Leaders Summit. During the Summit, Prime Minister Modi will exchange views on key global issues, including reform of global governance, peace and security, strengthening multilateralism, responsible use of artificial intelligence, climate action, global health, and economic and financial matters.
PM Modi In Brazil
PM Modi had arrived in Brazil earlier in the day on the fourth leg of his five-nation visit, after wrapping up a historic trip to Argentina on Saturday. This is Prime Minister's fourth visit to Brazil and he is scheduled to undertake a State Visit to Brasilia following the two-day Summit.
PM Modi received a warm and vibrant welcome from the Indian community upon his arrival in Rio de Janeiro. He also witnessed a musical performance of traditional prayer songs.
Members of the Indian community held a traditional dance performance on the theme of 'Operation Sindoor' while welcoming the Indian leader.
Sharing his sentiments on the social media platform X, Prime Minister Modi said he was amazed by the Indian diaspora's enduring connection to Indian culture.
"Members of Brazil's Indian community gave a very vibrant welcome in Rio de Janeiro. It's amazing how they remain connected with Indian culture and are also very passionate about India's development! Here are some glimpses from the welcome," PM Modi wrote on X.
After landing in Brazil, PM shared a post on X, he said, "Landed in Rio de Janeiro, Brazil, where I will take part in the BRICS Summit and later go to their capital, Brasilia, for a state visit on the invitation of President Lula. Hoping for a productive round of meetings and interactions during this visit."
(With inputs from agencies)
First Published:
July 06, 2025, 20:20 IST

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Hindu
10 minutes ago
- The Hindu
Maharashtra hotel association held one-day strike to oppose duty hike on alcohol
Maharashtra's hospitality sector, consisting of bar and restaurant-based bars, held a Statewide ''No Alcohol' strike on Monday (July 14, 2025) opposing the Chief Minister Devendra Fadnavis' government's decision to hike excise duty. The Hotel and Restaurant Association of Western India (HRAWI) led the strike to counter the Maharashtra government decision to impose a 60% hike in excise duty, a 15% increase in annual FL3 license fees for Financial Year 26, and a 10% VAT on Indian-Made Foreign Liquor (IMFL) sold at FL3 outlets. 'The one-day strike to grab the attention of the government and make them understand that the tax hike will make everything expensive, which will affect businesses. Secondly, we want to look at it from the larger perspective of tourism, especially when we have got UNESCO status for so many monuments, State should be competent enough to serve tourist from across the country and from the abroad,' said Pradeep Shetty, member of Hotel And Restaurant Association (Western India) – HRAWI. The duty hike is also seen as a way to fund welfare schemes, including the Ladki Bahin initiative. HRAWI also wrote a letter to Deputy Chief Minister Ajit Pawar, referring to the proposed hike, which may cause a sharp rise in the retail prices of alcoholic beverages. It also mentioned the consequences that may cause financial strain on hospitality businesses already struggling with 10% higher license fees, 10% VAT, and rising operational costs. 'The annual excise license fees have also been revised upward by 15%, further compounding the burden on the industry. The final price of the product is likely to become the most expensive in the country, making Maharashtra a less competitive destination for tourists, impacting tourism and hospitality,' said Jimmy Shaw, President of HRAWI, in the letter.
&w=3840&q=100)

First Post
15 minutes ago
- First Post
‘India, Pakistan were going to nuclear war in a week': Trump claims success in ‘settling' military conflicts
The US president has time and again staked a claim in ending hostilities between India and Pakistan after the former's Operation Sindoor that was launched in response to the Pahalgam terrorist attack, which killed 26 people read more US President Donald Trump has once again said that he negotiated a peace deal between India and Pakistan that ended the military conflict following the Pahalgam attack. His comments came during a meeting with Nato Secretary-General Mark Rutte on Monday. Trump said, 'We've been very successful in settling wars. You have India and Pakistan. You have Rwanda and the Congo, that was going on for 30 years. India, by the way, Pakistan would have been a nuclear war within another week, the way that was going. That was going very badly, and we did that through trade.' STORY CONTINUES BELOW THIS AD VIDEO | US President Donald Trump (@POTUS) on India and Pakistan military conflict says, "We've been very successful in settling wars. You have India and Pakistan. You have Rwanda and the Congo, that was going on for 30 years. India, by the way, Pakistan would have been a nuclear… — Press Trust of India (@PTI_News) July 14, 2025 The US president has time and again staked a claim in ending hostilities between India and Pakistan after the former's Operation Sindoor that was launched in response to the Pahalgam terrorist attack, which killed 26 people. While New Delhi has repeatedly denied such claims, Islamabad has thanked Trump for his mediation. What has India said? Earlier this month, External Affairs Minister S Jaishankar denied US role in mediation between the two neighbouring countries. In an interview with Newsweek, Jaishankar said, 'I can tell you that I was in the room when Vice President Vance spoke to Prime Minister Modi on the night of May 9, saying that the Pakistanis would launch a very massive assault on India…We did not accept certain things, and the Prime Minister was impervious to what the Pakistanis were threatening to do.' 'On the contrary, he (PM Modi) indicated that there would be a response from us,' he added. The next communication with Washington occurred the following morning, when the Foreign Minister spoke with the US Secretary of State. During the conversation, Marco Rubio conveyed that 'the Pakistanis were ready to talk,' Jaishankar added. STORY CONTINUES BELOW THIS AD Later that afternoon, Pakistan's Director General of Military Operations, Major General Kashif Abdullah, directly contacted his Indian counterpart, Lieutenant General Rajiv Ghai, to request a ceasefire.


Mint
23 minutes ago
- Mint
Govt planning incentive scheme to buoy auto parts exports amid Trump tariff
New Delhi: The government has started working on an incentive scheme to boost exports for India's $111-billion automotive components industry amid trade uncertainties unleashed by American president Donald Trump's steep import tariff, three people aware of the development said. As part of the scheme, the government might consider incentivizing manufacturing of specific auto parts that are exported the most such as engine components. Moreover, specific export-oriented fiscal sops might also be introduced. The discussion is in initial stages and nothing is finalized about the scheme yet, the people cited earlier said on the condition of anonymity. 'The ministry of heavy industries and the ministry of MSME (micro, small and medium enterprises) have started discussing a new scheme which will benefit Indian automobile component manufacturers, but the corpus of the scheme has not been decided yet," said the first person. 'Discussions have started on making a new scheme for components and eventually the industry will be actively roped in. Currently, there is work going on to identify target products and geographies for export among Indian auto components," said the second person. The US has imposed a 25% tariff on all automobile imports into the country, disrupting global trade, and throwing Indian auto component makers into a fog of uncertainty. India's auto parts makers exported goods worth $22.9 billion in FY25, a rise of 8%. Of this, $7.35 billion worth of goods were exported to the North American region, as per the Automotive Component Manufacturers Association of India (ACMA). The government's move also comes at a time when India's domestic automobile market has overtaken Japan in sales to become the third-largest in the world after the US and China, but the nation's auto parts exports have hovered around the 3-4% of the global export market, according to a NITI Aayog study in April this year titled 'Automotive Industry: Powering India's participation in Global Value Chains". Queries emailed to the spokespersons of the ministries of heavy industries and MSME remained unanswered till press time. These auto parts manufacturers, a significant number of which are MSMEs, make and export engine components, drive transmission and steering systems. 'In components, we need to leverage our strengths in ICE (internal combustion engine) along with increasing presence in emerging trends like EV (electric vehicle) components and electronification. A lot of markets are open to importing classical vehicle components from India which will help in boosting exports. Any help in exports will help boosting the auto component industry's prospects to achieve the target of $100 billion exports," said Natarajan Sankar, managing director and partner at Boston Consulting Group. India's auto components industry aims to achieve $100 billion in exports by 2030. Top exporters of components from the Indian market include Sona Comstar, Bharat Forge, Uno Minda and Bosch India, among others. India's auto components industry's turnover has doubled from FY20 to FY25 at a compounded annual growth rate of 14%, according to ACMA. In FY25, the component industry's sales to vehicle makers rose 88% to ₹5.70 trillion from ₹3.02 trillion in the previous fiscal, according to ACMA data. The government's move comes in the backdrop of NITI Aayog's recommendations in April this year for boosting exports of India's auto parts industry. NITI Aayog recommended fiscal incentives to manufacturers to boost their operational and capital expenditure to achieve scale in making engine cylinders, valves and pistons and to procure tools and dies. In a report, the top government policy think tank stated that there should be efforts to attract overseas talent and motivate high-level talent to return to India, as a part of non-fiscal skilling incentives. It noted that India's auto component exports are worth about $20 billion, while imports are worth about the same, resulting in a near-neutral trade ratio of 0.99. But, India's industry faces competitive headwinds compared to China, the report also highlighted. It pointed at cost disabilities of nearly 10% compared to China. Additionally, there is an extra cost disadvantage for India of approximately 20% on equipment (capital goods) required for component manufacturing, compared with China, due to material cost disability, NITI Aayog said. 'China benefits from a well-integrated supply chain, spanning from raw minerals to high-value-added products, whereas India lacks such depth in its supply ecosystem," said the report. The report also set a target of auto parts production worth $145 billion and exports worth about $60 billion by 2030. But, manufacturers face tough times as the effectiveness of schemes to boost auto parts productions are often misaligned with the specific needs of the sector, the report noted. 'Indian companies and components face a cost handicap of 10% and to bridge this gap, there is a need to provide fiscal incentives for auto component manufacturing," said the report. Earlier, prime minister Narendra Modi, at the launch of the Digital Mobility Initiative for Automotive MSMEs in February 2024, had said that the significance of the automobile industry to the nation's economy is mirrored in the role played by MSMEs within this sector. 'Today, components manufactured by Indian MSMEs are integrated into vehicles worldwide, opening doors to numerous global opportunities," he had said. The government's focus on the auto components sector also comes amid a rapid shift towards cleaner powertrains in vehicles. The shift towards cleaner fuels to decarbonize the auto sector is apparent, with the sales of electric vehicles in India rising 17% in FY25, considerably higher than the 4% sales growth in petrol and diesel vehicles during the same period.