India is strategically positioning itself as a mediator in the Gulf crisis by hosting BRICS foreign ministers in New Delhi while simultaneously engaging Iran and the UAE to address energy market turbulence, with Prime Minister Modi appealing to citizens to conserve fuel, reduce imports of oil, edible oil, and gold, and support local products through the 'Vocal for Local' movement to mitigate economic impacts of the regional conflict.
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Fuel Shock, BRICS, Disruption: Iran's Araghchi Eyes High-Stakes Talks In Delhi Ahead Of UAE TripAdded:
PM Modi is expected to meet with foreign ministers of India Bases for energy market turbulence linked to the wider gulf crisis and the upcoming BRICS gathering in New Delhi [Music] India could under any Pakistani pressure to look into mediation by directly engaging both Iran and a key US aligned golf partner in quick succession [Music] India is set to host BRICS top diplomats on 14 to 15 November in New Delhi As concerns persist The Iran war could reflect recent diplomacy [Music] All I am now on the BRICS foreign ministers meeting with Pakistan still openly interested in eventually joining the bloc according to its envoy to rush PM Modi expected to meet Absarachi before his UAE trip Placing the outreach against the backup of India Broader Energy Concerns and Regional Balancing I appeal to every citizen of the country to reduce the use of petrol and diesel wherever possible Iranian Foreign Minister from Ranchi is expected to meet Prime Minister Narendra Modi during his India visit this week [Music] According to reports citing official sources, Ranchi will be in New Delhi to attend the BRICS Foreign Ministers' meeting scheduled for May 14th and 15th Sources told The Hindu that PM Modi is expected to meet Ranchi before leaving for the UAE. If it happens, this would be Ranchi's first visit to India in about a year and his first since the US rally strikes began. PM Modi is then expected to travel to the UAE, which was itself affected during the peak of the Iran conflict. The Prime Minister is also reported to be preparing for a six-day, five-nation tour of Europe from the 15th to the 20th.
Modi's UAE visit is being seen as particularly important as it signals possible steps amid the widening oil crisis.
[Music] While Pakistan has expressed interest in Becoming a full member of the BRICS bloc according to remarks to its ambassador in Moscow, Russell Turjee [music] in an interview that Islamabad wants full BRICS membership Turjee said and I quote Pakistan is a natural partner for BRICS only one country against Pakistan's accession to BRICS no other country objects to Pakistan joining BRICS Pakistan is a member of the SCO India is to be there for Pakistan can and should be a member of BRICS all other countries with the exception of India have expressed a firm desire to see Pakistan as a member BRICS would benefit the organisation greatly India has always supported this China supports this South Africa supports this Brazil supports this yet [music] [music] on 11th PM Modi also renewed his appeal to Indians to conserve fuel as the oil market continues [music] he appealed to people to cut fuel use work from home where possible and avoid foreign travel Coming disruption around homes continues to fuel pressure on global oil prices.
Crude oil constitutes a large part of India's imports.
And unfortunately, the region from which a large part of the world gets oil is today embroiled in conflict and war.
And therefore, until the situation becomes normal, we all will have to take small resolutions together.
I have also discussed this in Karnataka and Telangana yesterday.
Today I am again emphasizing my demands in Gujarat and I have more rights over you. That's why I am going to say it with some authority.
[Applause] I appeal to every citizen of the country to reduce the use of petrol and diesel wherever possible.
Use the metro.
Use electric buses and public transport more.
Promote car pooling.
Those who have a car should carry more people in one vehicle.
Those who have EVs also came forward to help others.
Friends, digital technology has now made so many things easy. The help of technology will also be very beneficial for us.
It is important that virtual meetings and work from home be given priority in both government and private offices.
[Applause] I would also urge some schools to work on arranging online classes for some time.
Friends, not only fuel but also edible oil also spends a lot of foreign currency of the country.
If we exercise some restraint, we can reduce the consumption of cooking oil. So this will benefit both the country and our health and I call the people of Surat special.
Similarly, today I request all the brothers and sisters of the society that I am a member of your family and in this you will have to come forward and help me. A huge amount of money from the country also goes abroad on the import of gold.
I would request all of you countrymen to postpone the purchase of gold until the situation becomes normal, there is no need for gold.
[Appreciation] Friends, today the need of the hour is that we make Vocal for Local a mass movement.
Adopt local products instead of foreign goods. Let us empower the entrepreneurs of our village, our city and our country.
[bell ringing]
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