G20 Rio Summit Day 1: Key Highlights of Global Partnerships and Initiatives
Team Finance Saathi
19/Nov/2024

What's covered under the Article:
- PM Modi held bilateral meetings with France, Italy, and Norway, focusing on global partnerships.
- Brazil launched a Global Alliance Against Hunger and Poverty, endorsed by global leaders.
- India reaffirmed its commitment to green energy and sustainable development at G20.
At the G20 Summit in Rio de Janeiro on Day 1, Prime Minister Narendra Modi engaged in critical bilateral meetings with global leaders to strengthen international cooperation across various sectors. The summit, which brings together the world’s major economies, served as a platform for India to emphasize its commitment to sustainable development and global diplomacy.
Strengthening Partnerships with France, Italy, and Norway
During his engagements, Prime Minister Modi held extensive talks with French President Emmanuel Macron. The focus of their discussions centered on boosting cooperation in space, defense, energy, and technology. These areas are pivotal to both nations, as they seek to expand their strategic alliance in cutting-edge technologies and defense innovations.
A significant highlight of Day 1 was the India-Italy Joint Strategic Action Plan for 2025-2029, launched by Prime Minister Modi alongside Italian Prime Minister Giorgia Meloni. This plan aims to enhance collaboration between the two countries across a range of sectors, including trade, technology, and infrastructure development. The agreement is expected to deepen ties and open new avenues for economic growth and socio-political cooperation.
In his meeting with Norwegian Prime Minister Jonas Gahr Støre, Prime Minister Modi discussed initiatives in renewable energy and green hydrogen. This conversation aligns with India’s growing focus on sustainable energy solutions and reducing carbon emissions. Norway, with its expertise in renewable energy, and India, with its vast market potential, are well-positioned to lead the charge in the transition to clean energy.
Brazil's Global Alliance Against Hunger and Poverty
Another significant development at the summit was the launch of the Global Alliance Against Hunger and Poverty by Brazilian President Lula da Silva. This initiative aims to assist 500 million people who are grappling with hunger and poverty worldwide. The initiative gained further support from Nigerian President Tinubu, who endorsed the plan. This marks a significant step towards achieving the United Nations' Sustainable Development Goals (SDGs), particularly those focused on zero hunger and poverty eradication.
India's Commitment to Global Diplomacy and Sustainable Development
The discussions at the G20 Rio Summit underscore India’s role as a global leader committed to enhancing international cooperation. Prime Minister Modi’s focus on strengthening strategic partnerships with nations like France, Italy, and Norway highlights India’s growing influence in shaping the future of global technology, energy, and sustainability.
As the summit progresses, India is expected to continue advocating for global solutions to pressing issues such as climate change, economic stability, and human development. Through these dialogues, India is solidifying its position as an active contributor to global peace and prosperity.
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