8th BRICS Summit to be held in Goa

Mar 23, 2016 08:08 IST

External Affairs Minister Sushma Swaraj on 22 March 2016 announced that India will host the 8th BRICS (Brazil, Russia, India, China and South Africa) Summit from 15 October to 16 October 2016 in Goa.

India will host the summit in its capacity as chair of the influential bloc comprising five countries with 42% of the world population and combined GDP of over 16 trillion US dollars.

India assumed chairmanship of BRICS from Russia on 15 February 2016 and it will last till 31 December 2016.

The minister also unveiled a logo and a website of the Summit in New Delhi. The logo for the Summit is a lotus having colours from all the five member countries and a traditional Namaste in the centre.

The theme of India’s BRICS Chairmanship is Building Responsive, Inclusive and Collective Solutions.

During India's BRICS Chairmanship, five-pronged approach will be adopted. They are:

• Institution building to further deepen, sustain and institutionalise BRICS cooperation

• Implementation of the decisions from previous Summits

• Integrating the existing cooperation mechanisms

• Innovation: New cooperation mechanisms on government-to-government, Track-II, business-to-business and people-to-people to tap the full potential of BRICS cooperation

• Continuity: Continuation of mutually agreed existing BRICS cooperation mechanisms.

In 2015, the seventh BRICS summit was held from 8 to 9 July in the Russian city of Ufa in Bashkortostan.

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