BRICS CCI to position Himachal as preferred Investment Destination
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– Business Conclave proposed by BRICS CCI in Dharamshala
Shimla, Jan 31, 2026
During the HIM MSME Fest 2026 in Shimla, BRICS Chamber of Commerce & Industry (BRICS CCI) signing a Memorandum of Commitment (MoC) with the Government of Himachal Pradesh. The strategic collaboration is BRICS CCI’s first formal tieup with any hill state and aims to promote Himachal Pradesh as a preferred investment destination across BRICS CCI’s international platforms and programmes.
Under the MoC, BRICS CCI (a notforprofit) will partner with the State to curate joint events, incoming and outgoing business delegations, sectorspecific seminars, and highimpact business forums, with a special focus on trade and investment facilitation. As an early outcome of this partnership, a Russian investment exceeding ₹500 crore in the pharmaceuticals sector has been facilitated through BRICS CCI, underscoring the State’s growing attractiveness for valueadded, innovationled manufacturing.
With India assuming the BRICS Presidency in 2026 under the theme “Building Resilience and Innovation for Cooperation and Sustainability,” the BRICS CCI, in collaboration with the Government of Himachal Pradesh, intends to host a BRICS business engagement in Dharamshala sometime in March 2026. The conclave will convene industry leaders, investors, and trade bodies from BRICS member countries and other partner economies to explore coinvestment, technology transfer, supplychain partnerships, and export market access—particularly in pharmaceuticals, food processing, green mobility, renewable energy, tourism & hospitality, textiles & handloom, IT/AIenabled services, and agriculture value chains.
Sh. Harvansh Chawla, Chairman, BRICS CCI stated, “It gives me immense pleasure to formalize BRICS CCI’s first partnership with a hill state. Himachal Pradesh combines competitiveness with sustainability—a rare mix that global investors are actively seeking. Through this MoC, we will spotlight Himachal Pradesh across our international platforms, bring sectorfocused delegations to the State, and cocreate forums where business opportunities translate quickly into onground investments. Our proposed Dharamshala business summit in March will be a catalytic milestone toward a resilient, innovationdriven partnership with Himachal Pradesh.”
On the Partnership with BRICS CCI, the Hon’ble Chief Minister, Government of Himachal Pradesh Sh. Sukhvinder Singh Sukhu, expressed his pleasure and stated, “We are delighted to announce our tieup with BRICS CCI. This partnership opens a new vistas to global capital, technology, and markets, creating a winwin for Himachal’s entrepreneurs and MSMEs as well as international business stakeholders seeking a stable, futureready destination. With India’s BRICS Presidency emphasizing resilience, innovation, cooperation and sustainability, the Dharamshala event in March will showcase Himachal Pradesh’s sectoral strengths and accelerate highquality, green, and inclusive growth.”
