Which country is the chair for 5th meeting of BRICS Industry Ministers in 2021?
VerifiedAnswer: India
Explanation:
India served as the chair for the 5th BRICS Industry Ministers meeting held in 2021. This meeting was particularly significant as it took place during India's chairship of BRICS for the year 2021, demonstrating the country's leadership role in promoting industrial cooperation among the BRICS nations.
BRICS is an important economic grouping that brings together five major emerging economies: Brazil, Russia, India, China, and South Africa. The chairship of BRICS rotates annually among member countries in alphabetical order. When a country holds the chairship, it becomes responsible for hosting various ministerial meetings, including those focused on industry, trade, finance, and other key sectors.
The Industry Ministers meeting is one of the crucial sectoral meetings within the BRICS framework. During India's chairship in 2021, the country organized this meeting to discuss various aspects of industrial cooperation among BRICS nations. The meeting focused on themes such as digital transformation in industry, sustainable manufacturing practices, and enhancing trade partnerships between member countries.
India's role as chair involved facilitating discussions on key industrial priorities and challenges faced by BRICS countries. The meeting addressed important topics including technology transfer, innovation in manufacturing, and strategies for post-pandemic economic recovery. As the chair, India worked to build consensus among member nations on various industrial cooperation initiatives and policy frameworks.
The 5th BRICS Industry Ministers meeting under India's chairship was conducted virtually due to the COVID-19 pandemic situation in 2021. This virtual format allowed all member countries to participate effectively while maintaining safety protocols. The meeting resulted in important outcomes and joint statements that strengthened industrial cooperation among BRICS nations and set the foundation for future collaborative projects in various industrial sectors.
