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Current Affairs 6 February 2026

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  • India Joins BRICS Centre for Industrial Competencies
  • India and GCC Sign Terms of Reference to Resume Free Trade Agreement Talks

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India Joins BRICS Centre for Industrial Competencies

In February 2026, India joined the BRICS Centre for Industrial Competencies (BCIC) at an event organized by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce & Industry at Vanijya Bhavan in New Delhi.[1] The BCIC supports manufacturing and MSME sectors across the five-nation BRICS bloc (Brazil, Russia, India, China, and South Africa). This membership strengthens India's industrial cooperation within BRICS and enhances competitiveness in global manufacturing. The move aligns with India's broader strategy to foster industrial development and support small and medium enterprises.

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Which ministry organized India's joining of the BRICS Centre for Industrial Competencies?

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India and GCC Sign Terms of Reference to Resume Free Trade Agreement Talks

In February 2026, India and the six-nation Gulf Cooperation Council (GCC) signed the Terms of Reference (ToR) in New Delhi to formally restart negotiations for a Free Trade Agreement (FTA).[1] The agreement was presided over by Union Minister Piyush Goyal from the Ministry of Commerce and Industry and GCC Chief Negotiator Raja Al Marzoqi. This resumption of FTA talks marks a significant step in India's economic engagement with the oil-rich Gulf region. The ToR provides a framework for structured negotiations on trade in goods and services, investment, and intellectual property.

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Who presided over the signing of Terms of Reference between India and GCC?

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Current Affairs by JobSafal