Prime Minister Narendra Modi has said that no country should weaponise critical minerals, technology and supply chains to further its selfish gain.
In an outreach session during the BRICS Summit in Rio de Janeiro, he said, in addition to greater cooperation in critical minerals and technology, there is a need to focus on securing and making their supply chains resilient.
Mr. Modi said that the focus should be on demand-driven decision-making, long-term financial sustainability, and maintaining a healthy credit rating in the BRICS New Development Bank projects.
He said that the progress and well-being of people largely depend on technology, especially Artificial Intelligence, in the 21st century.
The Prime Minister added that on one hand, AI can greatly improve everyday life, while on the other hand, it also raises concerns about risks, ethics
Speaking on the theme ‘Strengthening Multilateralism, Economic-Financial Affairs, and Artificial Intelligence’, PM Modi underlined the need for fair, transparent, and resilient global supply chains and cautioned against the weaponisation of essential materials and technologies.
“It must also be ensured that no country uses these resources solely for its own interests or as a weapon,” PM Modi said.