Finance
Prime Minister Shri Narendra Modi participated in the 25th Meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO), held in Tianjin, China, from 31 August to 1 September 2025. The Summit witnessed productive discussions on SCO Development Strategy, Reform of Global Governance, Counter-Terrorism, Peace and Security, Economic and Financial Cooperation, and Sustainable Development.
Addressing the Summit, Prime Minister highlighted India’s approach to strengthening cooperation under the SCO framework. In this regard, he noted that India seeks greater action under three pillars – Security, Connectivity and Opportunity. Emphasising that peace, security and stability remain key to progress and prosperity, he called upon member countries to take firm and decisive action to fight terrorism in all its manifestations. Prime Minister underlined the need for coordinated action against terror financing and radicalization. Thanking member countries for their strong solidarity in the wake of the Pahalgam terror attack, he emphasized that there should be no double standards in dealing with terrorism and urged the group to hold countries who perpetrate and support cross-border terrorism accountable.
Highlighting the role of connectivity in fostering development and building trust, Prime Minister stated that India strongly supported projects such as Chabahar port and International North-South Transport Corridor. He also spoke about opportunities in the fields of start-ups, innovation, youth empowerment and shared heritage, which must be pursued under the SCO umbrella. Prime Minister proposed commencing a Civilizational Dialogue Forum within the group to foster greater people-to-people ties and cultural understanding.
Prime Minister expressed support for the reform-oriented agenda of the group. In this regard, he welcomed the setting up of centres to deal with organized crime, drug trafficking and cyber security. He called for a similar approach by the group to reforming multilateral institutions, including the United Nations. Full address of PM may be seen here [Link].
Prime Minister thanked President Xi Jinping for his warm hospitality and congratulated him for the successful organization of the Summit. He also congratulated Kyrgyzstan on taking over the next Presidency of SCO. At the conclusion of the Summit, the SCO Member countries adopted the Tianjin Declaration.
Source: PIB
