About BRICS Centre for Industrial Competencies:
- It was launched in partnership with the United Nations Industrial Development Organization (UNIDO).
- Objective: It serves as a one-stop centre providing integrated support services to manufacturing companies and Micro, Small and Medium Enterprises (MSMEs) across BRICS countries.
- It is a network-driven initiative under UNIDO, supporting SMEs, industrial modernization, and digital transformation in BRICS.
- It focuses on strengthening Industry 4.0 competencies.
- Implementation: The National Productivity Council (NPC) has been designated as the India Centre for BRICS Industrial Competencies.
Key Facts about BRICS:
- It is a group of major emerging economies that work together for economic cooperation, development, and global governance reforms.
- The acronym ‘BRIC’ was coined by Jim O’Neill(Goldman Sachs economist) in 2001 to denote four emerging economies – Brazil, Russia, India, and China.
- Aim: To strengthen South-South cooperation and increase the voice of developing countries at the global level.
- Member Countries: Brazil, Russia, India, China, South Africa, Saudi Arabia, United Arab Emirates, Iran, Egypt, Ethiopia, and Indonesia.
