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Cai said media of BRICS countries should promulgate the voices for peace and development, promote the common development of BRICS countries, and safeguard the common interest of emerging markets and developing countries.
About EB5 BRICS Los Angeles, CA-based EB5 BRICS just in its first year of operations, now has clients in every major metropolitan city in India including Delhi, Mumbai, Bengaluru, Chennai, Ahmedabad and Kolkata.
BRICS STI Ministers also endorsed a BRICS Action Plan 2015-18 on BRICS Science, Technology and Innovation cooperation.
So far, China has played a pivotal role in driving progress toward real cooperation among the BRICS countries.
Such summits prove that the relations between Russia and the BRICS countries became increasingly important against the backdrop of Russia's endeavor to face the West's domination since the summits carrymore of a political meaning to it, rather than purely economic.
Instead, the BRICS have decided to pursue influence through the NDB.
The parliaments of the individual BRICS countries will need to first ratify the bank's creation.
During his visit, Modi met and held bilateral talks with Chinese and Russian President, Xi Jinping and Vladimir Putin, on the sidelines of the BRICS summit.
Yakunin commented: "Not only have the BRICS become the natural leaders for the world's secondary economies, but this new banking institution will also provide support to guide businessmen through the challenges and differences of investing in emerging markets.
In April 2010, the heads of BRIC development banks met for the first time--an encounter that marked the beginning of wide-ranging cooperation that eventually led to India's proposal to create a BRICS development bank in 2012.
Brazilian President Dilma Rousseff welcomed the idea of Egypt joining BRICS.
Leaders from the BRICS group of emerging powers on Wednesday failed to launch a much-anticipated new development bank to rival Western-dominated institutions like the World Bank.
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