NEW DELHI: Prime Minister Narendra Modi addressed the Closed Plenary of the 16th BRICS Summit in Russia.

While addressing the Closed Plenary, PM Modi said that the meeting is taking place at a time, when the world is facing several pressing challenges such as wars, economic uncertainty, climate change and terrorism. The world is talking about the North South divide and the East West divide.

"At such a time, there are high expectations of BRICS. I believe that as a diverse and inclusive platform, BRICS can play a positive role in all areas," he said adding that our approach must remain people centric.We have to give the world the message that BRICS is not a divisive organisation but one that works in the interest of humanity.

He further said that we support dialogue and diplomacy, not war. And just as we were able to overcome a challenge like COVID together, we are certainly able to create new opportunities to ensure a secure , strong and prosperous future for future generations.

In order to counter terrorism and Terror financing, we need the single minded, firm support of all. There is no place for double standards on this serious matter. We need to take active steps to stop radicalization of youth in our countries. We must work together on the long pending matter in the UN of the Comprehensive Convention on International Terrorism, he stressed.

PM Modi India is ready to welcome new countries into BRICS as Partner Countries.BRICS is an organisation, which is willing to evolve with time. By giving our own example to the world we must collectively and in a united manner, raise our voice for reforms of global institutions.

We must move forward in a time bound manner on reforms in global institutions such as the UN Security Council, Multilateral development banks, and the WTO, he said.