Prime Minister Narendra Modi on Day 2 of the Brics Summit 2026 warned that the “weaponisation of know-how and important minerals” might hinder widespread progress, calloing for inclusive entry to know-how and stronger, extra resilient provide chains.
Addressing the Brics session on Resilience, Innovation, Cooperation and Sustainability on Sunday, PM Modi mentioned, “The weaponisation of know-how and important minerals might hinder our shared progress. Subsequently, we’ve got emphasised inclusivity within the adoption of know-how.” The remarks got here as Chinese language President Xi Jinping is among the many leaders current on the summit. China accounted for 60 per cent of worldwide mined manufacturing of magnet uncommon earths in 2024 and 91 per cent of refined output, in accordance with the Worldwide Power Company (IEA). Its share of worldwide sintered permanent-magnet manufacturing stood at 94 per cent.
In April 2025, Beijing launched export restrictions on seven rare-earth parts and completed magnets, requiring exporters to safe licences. The measures led to delays in shipments and raised issues over manufacturing disruptions amongst Indian vehicle and electrical car producers.
Notably, India stays considerably depending on China for everlasting magnets. Authorities knowledge present that China accounted for roughly 85-90 per cent by amount of India’s permanent-magnet imports throughout 2022-25, relying on the class. India additionally presently imports all its requirement of sintered neodymium-iron-boron rare-earth everlasting magnets utilized in downstream functions.
Strengthening resilience amongst Brics nations
PM Modi mentioned the variety of tensions internationally was rising and having a “important and widespread detrimental affect” on the lives of bizarre folks.
Pandemics, local weather disasters and supply-chain disruptions had demonstrated that, in an interconnected world, crises might now not stay confined to a single area, he added.
PM Modi mentioned India had, due to this fact, positioned explicit emphasis on strengthening resilience inside Brics, together with figuring out challenges early, getting ready for them and responding rapidly.
“With this method, a consensus has been reached on a Brics Built-in Early Warning System for the prevention of and response to infectious ailments,” he mentioned.
Early Warning Information Integration Pointers had additionally been ready for catastrophe administration, whereas the Brics Logistics Provide Chain Cooperation Framework would assist make provide chains extra dependable and resilient, he added.
“Beneath India’s Brics presidency, we’ve got targeted all our efforts on 4 pillars: resilience, innovation, cooperation and sustainability. I’m happy that together with your cooperation and assist, we’ve got been in a position to remodel our shared imaginative and prescient right into a win-win cooperation,” PM Modi mentioned.
He mentioned India had sought to make use of the 4 pillars to advertise inclusive world progress by means of Brics, whereas guaranteeing that options developed by the grouping is also tailored to satisfy the wants of the International South.
Brics in know-how
Beneath the innovation pillar, PM Modi highlighted the Brics Incubator Community, which can join startups and incubators throughout member international locations.
India has additionally proposed a Brics Startup Innovation Fund to advertise modern and scalable options.
PM Modi mentioned the Brics Community on Digital Agriculture would search to align synthetic intelligence (AI), geospatial know-how and digital public infrastructure with the wants of farmers.
Via ‘Brics Join’, the grouping has additionally sought to advertise expertise, employability, ladies’s participation within the workforce, social safety and capability constructing, he mentioned.
An initiative for a Brics micro, small and medium enterprises (MSME) cooperation portal has been launched to attach small companies with data, finance and new markets, whereas a Brics City Mobility Hub has been established to allow cities to share greatest practices.
Linking sustainability with improvement
PM Modi mentioned sustainability required placing a stability between human improvement and environmental safety.
“In Indian civilisation, nature is revered as a mom. For hundreds of years, we’ve got held the idea that improvement and the setting usually are not options to one another, however are complementary,” he mentioned.
He mentioned a Brics Digital Centre of Excellence for good grids and vitality storage had been set as much as assist make clean-energy methods extra dependable, environment friendly and accessible.
Centres of excellence for agroecology and regenerative agriculture would search to mix conventional data with fashionable science, whereas rules for community-based local weather adaptation would assist set up indigenous data as an necessary a part of local weather motion, Modi mentioned.
The New Delhi Declaration adopted on the summit additionally referred to as for “dependable, accountable, diversified, resilient, honest, sustainable, and simply” critical-mineral provide chains, whereas recognising their significance for vitality safety and low-emission applied sciences.