Moscow, Oct 1: India and Russia expressed confidence that the forthcoming BRICS summit in Brazil will help strengthen the role of BRICS in the international stage.
Appreciating the outcome of the Fifth BRICS Summit in held in Durban in March this year, India and Russia noted the increased role, which BRICS played on the international community aimed at bringing the world economy to the path of strong, sustainable and balanced growth.
India and Russia stand for strengthening of BRICS as a mechanism for a strategic and ongoing coordination of the activities undertaken by the member states on a growing range of international, political and economic issues.
The sides confirmed their full support for the eThekwini Action Plan adopted at the BRICS Summit in 2013, and expressed determination to contribute actively to its implementation.
The two countries stressed on the importance of developing all aspects of multilateral cooperation within BRICS as the most solid basis for further strengthening of diverse ties among its members.
The countries support the projects for establishing the BRICS Development Bank and the Contingent Reserve Arrangement among BRICS states.
The Indian side agreed to consider the Russian proposal to develop a Strategy of Multilateral Economic Cooperation of BRICS member states. (ANI)