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Let us work on 4th industrial revolution, PM to Brics nations

Let us work on 4th industrial revolution, PM to Brics nations

Johannesburg: Prime Minister Narendra Modi said on Thursday India wants to work with BRICS nations on the Fourth Industrial Revolution and called for sharing the best practices and policies in the area.

The Fourth Industrial Revolution (4IR) is the fourth major industrial era since the initial Industrial Revolution of the 18th century. It is characterised by a fusion of technologies that is blurring the lines between the physical, digital and biological spheres.

Modi, who arrived here yesterday to attend the BRICS Summit, said technological innovations can help to enhance better service delivery, productivity levels.

"India wants to work collectively along with BRICS nations in the area of Fourth Industrial Revolution and all nations must share the best practices and policies on this," the prime minister said.

"Compliance with laws, the example of better delivery by direct payment technology to beneficiaries of social security and government schemes," he said.

He said the Fourth Industrial Revolution will have more importance than the capital.

"High-skill but temporary work will be the new face of employment. There will be radical changes in industrial production, design, and manufacturing," Modi said.

He also underline the need for schools and universities to create the curriculum so that they can prepare the youth for the future.

BRICS is a grouping of five major emerging economies: Brazil, Russia, India, China and South Africa. Originally the first four were grouped as "BRIC", before the induction of South Africa in 2010.

Modi on Thursday reaffirmed India's commitment to multilateralism, international trade and rules-based world order as he participated in the BRICS Summit here.

Modi, who arrived here yesterday on the last leg of his Africa tour, presented the country statement of India at the BRICS leaders' closed session.

"Celebrating a decade towards peace, harmony and shared development and prosperity! PM @narendramodi joins fellow #BRICS leaders at the group photo at Sandton International Convention Centre at the formal beginning of the Summit," Raveesh Kumar, the spokesperson for the Ministry of External Affairs, tweeted. The prime minister reaffirmed India's commitment to multilateralism, international trade and rules-based world order, he said.

The grouping's leaders during the 10th edition of the BRICS Summit are expected to deliberate on global hot-spot issues, international peace and security, global governance and trade issues among others.

Modi is also expected to meet BRICS leaders, including Chinese President Xi Jinping and Russian President Vladimir Putin and other world leaders.

BRICS is a grouping of five major emerging economies: Brazil, Russia, India, China and South Africa. Originally the first four were grouped as "BRIC", before the induction of South Africa in 2010.

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