India Advances BRICS MSME Cooperation Under 2026 Chairship

12 May 2026 CW Team

Deliberations among BRICS member countries centred on bridging the MSME credit gap through financial inclusion, financial literacy and credit readiness, and on fintech-driven ecosystems to expand SME credit and facilitate seamless global trade payments. The webinar provided a platform for exchanging experiences and best practices on financing challenges and opportunities for MSMEs. Participants noted the central role of MSMEs as drivers of economic growth, employment generation, innovation and inclusive development.

The meeting underscored persistent challenges in timely and adequate access to credit and emphasised the need for a multi-pronged approach to bridge the gap through financial inclusion, improved financial literacy and strengthened credit capacities of MSMEs. Delegates called for enhanced collaboration across BRICS economies to build institutional capacity, promote innovative financing mechanisms and create a supportive ecosystem for MSME finance. Policy exchanges sought to identify scalable solutions that can be adapted across jurisdictions.

Discussions reaffirmed a shared commitment to foster resilient, inclusive and globally competitive MSME sectors across BRICS and to translate dialogue into policy action and capacity building. The ministry will proceed with the scheduled meetings and the inaugural forum to consolidate best practices and promote cooperative frameworks for MSME financing and growth. Continued engagement is expected to support sustainable development objectives and strengthen regional economic ties.

India, as chair of BRICS in 2026, is spearheading a renewed agenda for micro, small and medium enterprises (MSMEs) under the BRICS Partnership on the New Industrial Revolution (PartNIR). The Ministry of Micro, Small and Medium Enterprises has been mandated to convene three SME working group meetings and the inaugural BRICS MSME Forum during its chairship. The first SME working group meeting was convened on 24 April 2026 as a webinar with a specialised focus on access to finance for MSMEs. Deliberations among BRICS member countries centred on bridging the MSME credit gap through financial inclusion, financial literacy and credit readiness, and on fintech-driven ecosystems to expand SME credit and facilitate seamless global trade payments. The webinar provided a platform for exchanging experiences and best practices on financing challenges and opportunities for MSMEs. Participants noted the central role of MSMEs as drivers of economic growth, employment generation, innovation and inclusive development. The meeting underscored persistent challenges in timely and adequate access to credit and emphasised the need for a multi-pronged approach to bridge the gap through financial inclusion, improved financial literacy and strengthened credit capacities of MSMEs. Delegates called for enhanced collaboration across BRICS economies to build institutional capacity, promote innovative financing mechanisms and create a supportive ecosystem for MSME finance. Policy exchanges sought to identify scalable solutions that can be adapted across jurisdictions. Discussions reaffirmed a shared commitment to foster resilient, inclusive and globally competitive MSME sectors across BRICS and to translate dialogue into policy action and capacity building. The ministry will proceed with the scheduled meetings and the inaugural forum to consolidate best practices and promote cooperative frameworks for MSME financing and growth. Continued engagement is expected to support sustainable development objectives and strengthen regional economic ties.

Equipment

12 May 2026

Liebherr Excavators Win Red Dot Top Honour

Liebherr’s new A 909 Compact and A 911 Compact Litronic wheeled excavators have received the ‘Red Dot: Best of the Best’ award in the Product Design 2026 discipline of the Red Dot Award. The highest honour recognises visionary and exceptionally outstanding product design.The two models, first presented to the public last year, expand Liebherr’s wheeled excavator portfolio. With their compact structure, strong performance and user-oriented design, the A 909 Compact and A 911 Compact set new standards in the compact wheeled excavator segment.The new wheeled excavator series from Liebherr..

Real Estate

12 May 2026

NYSE Expands Original Market Programming

The New York Stock Exchange offers a wide range of original programming focused on finance, markets and business leadership. Its Market Update provides a one-minute preview of equity moves, economic data and developments from NYSE-listed and private companies, including major milestones, partnerships and exchange launches.NYSE Live, its flagship morning show, features real-time market action, the Opening Bell, trading floor updates, company stories and interviews. The exchange also presents an Interview Series with industry leaders and innovators, while the Inside the ICE House podcast offers ..

Technology

12 May 2026

Syrma SGS FY26 Revenue Rises 27%

Syrma SGS Technology reported strong financial performance for FY26, with revenue growing 27 per cent to Rs 48.19 billion. Operating EBITDA increased to Rs 5.45 billion, supported by stronger execution, positive operating cash flow and reduced net working capital days.Managing Director Jasbir Singh Gujral said FY26 was a strong year of execution for the company. Syrma SGS strengthened its presence across automotive, industrial, healthcare and defence verticals, while exports grew 41 per cent and crossed Rs 12 billion.The company also advanced its strategic growth plans through the consolidatio..