The summit also marked a landmark beginning for BRICS Entrepreneurs Alliance (BEA) India’s mission to unify MSMEs on a global platform.
A key outcome of the summit was the signing of the “Hyderabad Declaration,” outlining a strategic roadmap for MSME growth and enhanced global collaboration within the BRICS+ framework.
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The event was attended by Union MSME minister Jitan Ram Manjhi. On the occasion Manjhi highlighted that BEA India is an important forum for promoting entrepreneurship and MSME development in India. He noted that the MSME sector has introduced several schemes, and it is essential for entrepreneurs and MSMEs to take full advantage of these initiatives to grow their businesses. He also emphasized that the Ministry of MSME is fully supporting the efforts of BEA India.
BEA India plans to expand its footprint across the country through a series of business summits. These initiatives aim to empower entrepreneurs, facilitate global market access, and position India as a central force in shaping the future of international trade and cooperation.
With renewed vision and leadership, BEA stands committed to bridging markets, fostering innovation, and creating a resilient global entrepreneurial ecosystem grounded in collaboration, trust, and shared growth.BEA India remains committed to supporting initiatives that contribute to this vision by fostering entrepreneurship, encouraging MSME growth, and enhancing international collaboration.
Dr. Bhaskar Jyoti Sonowal has been elected as the President of the BRICS Entrepreneurs Alliance (BEA) Global Forum for the term 2026–27. This marks a major milestone for India’s growing leadership role within the BRICS+ economic ecosystem.
Dr. Sonowal currently serves as the CEO and Executive Director of BEA India. India plans to host the BEA Global Summit in November 2026. The summit is expected to attract a diverse and influential international audience, opening new pathways for global business engagement and partnerships.
According to Dr Sonowal, “This is a defining moment for entrepreneurship in India. I am deeply honored to take on this responsibility at a time when Indian enterprises, especially MSMEs, are poised to play a transformative role in the global economy. My commitment is to work collaboratively with all stakeholders to create meaningful opportunities for Indian entrepreneurs, while strengthening partnerships across BRICS+ nations through trust, innovation, and shared prosperity.”
According to Boris Tarasov, Secretary General of BEA Global, “India today stands at the forefront of shaping a more inclusive and balanced global trade framework. With its entrepreneurial energy and economic vision, India has the potential to guide not only trade expansion but also goodwill and cooperation among BRICS+ nations.”
Evgeny Skomorovsky, President of BEA Russia, emphasized, “The economic partnership between India and Russia has always been rooted in trust and mutual respect. This new phase of collaboration under the BEA framework will further deepen trade ties, enabling both nations to unlock new opportunities and drive shared prosperity through strategic cooperation.”
Fernando Soares, President of BEA Brazil, said, “In my capacity as BEA President I convey strong support to and look forward to collaborating closely with global counterparts under India’s leadership.”
