Eminent Indian banker and New Development Bank chief K V Kamath has said, BRICS countries are establishing themselves as an economic force, expressing confidence the cooperation among the five-nation bloc will be further strengthened during the Chinese presidency this year.<br/><br/>With China to host the ninth BRICS annual summit in the southeastern coastal city of Xiamen in September, Kamath said Shanghai-based NDB, established by the bloc, plans to showcase its progress to the leaders of the five countries.<br/><br/>In an interview to state-run Xinhua news agency, Kamath said importantly, the summit comes at a time when we can clearly see the five countries establishing themselves as an economic force. He said the cooperation among BRICS nations — Brazil, Russia, India, China and South Africa — will be strengthened during Chinese presidency over the bloc in 2017.

Eminent Indian banker and New Development Bank chief K V Kamath has said, BRICS countries are establishing themselves as an economic force, expressing confidence the cooperation among the five-nation bloc will be further strengthened during the Chinese presidency this year.<br/><br/>With China to host the ninth BRICS annual summit in the southeastern coastal city of Xiamen in September, Kamath said Shanghai-based NDB, established by the bloc, plans to showcase its progress to the leaders of the five countries.<br/><br/>In an interview to state-run Xinhua news agency, Kamath said importantly, the summit comes at a time when we can clearly see the five countries establishing themselves as an economic force. He said the cooperation among BRICS nations — Brazil, Russia, India, China and South Africa — will be strengthened during Chinese presidency over the bloc in 2017.