The BRICS Chamber of Commerce & Industry (BRICS CCI) has signed a Memorandum of Commitment (MoC) with the Government of Himachal Pradesh during the HIM MSME Fest 2026, marking BRICS CCI’s first formal partnership with a hill state. The collaboration aims to position Himachal Pradesh as a preferred investment destination across BRICS CCI’s international platforms and programmes.
Under the MoC, the not-for-profit BRICS CCI will work closely with the State Government to organise joint business events, sector-specific seminars, high-impact investment forums, and incoming and outgoing business delegations, with a strong focus on trade and investment facilitation. As an early outcome of this partnership, a Russian investment exceeding ₹500 crore in the pharmaceutical sector has already been facilitated through BRICS CCI, highlighting the State’s growing appeal for value-added and innovation-driven manufacturing.
With India set to assume the BRICS Presidency in 2026 under the theme “Building Resilience and Innovation for Cooperation and Sustainability,” BRICS CCI, in collaboration with the State Government, has proposed to host a BRICS Business Conclave in Dharamshala in March 2026. The conclave will bring together industry leaders, investors and trade bodies from BRICS member countries and partner economies to explore co-investment opportunities, technology transfer, supply-chain partnerships and export market access.
Key focus sectors for the conclave include pharmaceuticals, food processing, green mobility, renewable energy, tourism and hospitality, textiles and handloom, IT and AI-enabled services, and agriculture value chains.
Chairman, BRICS CCI, Harvansh Chawla, said that the partnership reflects global investor interest in destinations that balance competitiveness with sustainability. He added that the proposed Dharamshala summit would serve as a catalytic platform to translate business opportunities into on-ground investments.
Welcoming the partnership, Chief Minister Thakur Sukhvinder Singh Sukhu said that the tie-up would open new avenues for global capital, technology and market access for Himachal Pradesh. He noted that the collaboration aligns with India’s BRICS Presidency priorities and would help accelerate high-quality, green and inclusive growth, benefiting local entrepreneurs, MSMEs and international investors alike.
