China doesn't want India to undermine BRICS moot with anti-Pak rhetoric

Speaking at the second NDB-BRICS Business Council Dialogue in Shanghai, ahead of a September 3-5 BRICS Summit in Xiamen, Fujian province in East China, President K.V. Kamath said the bank has operated smoothly over the last two years. "At the BRICS Summit, looking forward to building upon the results & outcomes of the Goa Summit past year, " he said in a series of tweets.

Last year, Modi said BRICS countries "need to stand and act together" to fight terror.

Brics leaders would also engage in a dialogue with emerging markets and developing countries; the invited countries being Egypt, Guinea, Mexico, Tajikistan. and Thailand.

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On Saturday, Modi, slated to arrive in Xiamen later on Sunday, said he would also meet other BRICS leaders.

"The banks will establish a framework mechanism to extend credit lines in local currencies to the BRICS (Brazil, Russia, India, China, South Africa) ICM members and the BRICS companies against guarantees of the signatory banks", it said. "BRICS has important contributions to make in addressing global challenges and upholding world peace and security", the prime minister had said.

Modi said during the visit, the two sides will review developments in bilateral relations, especially the extensive programme of development cooperation and socio-economic assistance that India is undertaking in Myanmar.

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"India attaches high importance to BRICS, which has begun a 2nd decade of its partnership for progress and peace", he tweeted. When questioned what if Modi raises India's concerns over terrorism emanating from Pakistan, Hu said: "This is the time of recovery".

It may be a coincidence, but on similar two occasions, Prime Minister Modi had left on foreign trips after effecting changes in his council of ministers.

Modi snubbed a separate summit called by Xi in May to promote the Chinese leader's vision of reinvigorated ancient east-west trading routes, which is seen by many analysts as a Chinese geopolitical power play.

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The prime minister will meet President U Htin Kyaw and hold talks with State Counsellor Aung San Suu Kyi. Apart from his engagements in the capital city of Nay Pyi Taw, he will also visit Yangon and Bagan and address the Indian community in Myanmar.


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