BRICS CCI to position Himachal Pradesh as a preferred Investment Destination

Business Conclave proposed by BRICS CCI in Dharamshala

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.”