Pezeshkian was addressing the BRICS Business Forum ahead of the 18th BRICS Summit, where he shared the stage with leaders including Prime Minister Modi and Russian President Vladimir Putin.
Iranian President Masoud Pezeshkian on Friday thanked India and Prime Minister Narendra Modi for hosting the BRICS Summit in New Delhi and making “valuable efforts” to strengthen cooperation among member countries.
Earlier reporting noted: Modi urges Iran’s Pezeshkian to resolve West Asia conflict through dialogue Prime Minister Narendra Modi on Friday urged Iran’s President Masoud Pezeshkian to resolve the West Asia conflict through dialogue, even as he sought continued efforts to ensure freedom of navigation and the safety of seafarers. Earlier reporting noted: Modi and Pezeshkian met on the margins of the Brics Summit in New Delhi for the second time since August 31, when they held talks on the sidelines of the Shanghai Cooperation Organisation Summit in Bishkek. Pezeshkian is on his first visit to India since he became President in 2024.
“I would like to sincerely thank the friendly government and people of India for graciously hosting this meeting, as well as the Honourable Prime Minister of India for his valuable efforts to strengthen BRICS cooperation,” Pezeshkian said. He said it was a matter of satisfaction to be among representatives of the private sector, businesses and entrepreneurs who could turn BRICS’ plans for cooperation into tangible economic outcomes. He said disruptions to supply chains and the growing use of economic measures as a means of political pressure had made the global economic environment more complicated. The real strength of BRICS lies not only in the combined economic size of its members but in their ability to turn that potential into practical cooperation in trade, investment and financing, according to Pezeshkian. He said Iran believed economic resilience required countries to diversify their trade partners, sources of finance and payment channels. Pezeshkian referred to the sanctions faced by Iran and said the pressure had intensified in recent months following what he described as “military aggression of the United States and the Israeli regime against the Islamic Republic of Iran”. “Another specific proposal from the Islamic Republic of Iran is to establish a BRICS joint reinsurance company with an initial capital of $10 billion to cover the risk of large infrastructure and energy projects and increase confidence in the private sector,” Pezeshkian said. Earlier reporting noted: The two leaders exchanged views on recent developments in West Asia, and the external affairs ministry said in a readout that Modi reiterated India’s “consistent position that all issues must be resolved through dialogue and diplomacy”.
