Indian Prime Minister Narendra Modi announced that India will establish a Global South Centre of Excellence to undertake research on developing solutions for developing countries and called for human-centric globalization to address their concerns on Friday at the Voice of Global South virtual summit.
In his opening address at the concluding session of the Voice of Global South virtual summit, PM Modi said the challenges of COVID-19, rising prices of fuel, fertilizers and food grains and increasing geo-political tensions have adversely impacted the developing countries. He said the summit had seen participation from more than 120 developing countries.
Further, he said developing countries desire globalization that does not create a climate crisis or debt crisis or does not trigger unequal distribution of vaccines or over-concentrated global supply chains.
“We want a human-centric globalization. we, the developing countries, are concerned about increasing fragmentation of the international landscape,” he said.
“These geopolitical tensions distract us from focusing on our development priorities… To address this geopolitical fragmentation, we urgently need fundamental reform of international organizations including the UN Security Council and Bretton Woods institutions,” he added.
Listing various challenges facing developing countries, the prime minister said the last three years have been difficult for them.
Modi said India will establish a Global South Centre of Excellence and it will undertake research on “development solutions or best practices of any of our countries which can be scaled up and implemented in other members of the Global South”.
Parvasi Media Group