PM leaves Durban after BRICS Summit

Last Updated: Thu, Mar 28, 2013 10:28 hrs

Durban, Mar 28 (IBNS) Prime Minister Manmohan Singh on Thursday left Durban after attending the BRICS Summit here.

Singh on Wednesday called on BRICS to be the main driver of global economic growth post-2008 slowdown of the West as he outlined a five-point charter to strengthen the group of emerging nations.

Speaking at the plenary of the fifth BRICS summit at Durban in South Africa, Singh said the roadmap for the future "should focus on consolidating and deepening our existing cooperation".

Singh´s speech came on a day when he along with other leaders of BRICS countries - Brazil, Russia, India, China and South Africa - announced the launch of a development bank.

The Indian PM also met Chinese President Xi Jinping for 45 minutes on the sidelines of the BRICS Summit on Wednesday and reportedly touched upon some of the thorny issues between the two Asian giants, including on Chinese dams along the Brahmaputra river and boundary disputes.

After the meeting, Singh said ties with China are very important.

"The bilateral relationship with China is of great importance. As Prime Minister of India, it has been my great privilege to interact regularly with the Chinese relationship over the last decade. I hope to intensify such dialogue and communications with you and the new leadership of China to put our relations on an even higher growth trajectory," Singh said.

BRIC is a grouping acronym that refers to the countries of Brazil, Russia, India and China who are cited as to become the most powerful nations by 2050.

These countries encompass over 25 percent of the world´s land coverage and 40 percent of the world´s population and hold a combined Gross Domestic Product (GDP) of 20 trillion dollars.

More from Sify: