In a significant development for global entrepreneurial collaboration, Dr. Bhaskar Jyoti Sonowal has been elected as the President of the BRICS Entrepreneurs Alliance (BEA) Global Forum for the term 2026–27. This marks a major milestone for India’s growing leadership role within the BRICS+ economic ecosystem.

Dr. Sonowal currently serves as the CEO and Executive Director of BEA India. His responsibility of steering the global vision and strategic direction of the Alliance will be immensely beneficial. His leadership comes at a pivotal moment, as BEA India prepares to host the BEA Global Summit in November 2026. The summit is expected to attract a diverse and influential international audience, opening new pathways for global business engagement and partnerships.

This elevation underscores India’s increasing prominence as a hub for entrepreneurship and innovation, particularly in advancing opportunities for Micro, Small, and Medium Enterprises (MSMEs). Under Dr. Sonowal’s leadership, BEA aims to create a dynamic platform where Indian entrepreneurs can showcase their capabilities to BRICS+ nations, while also enabling access to new products, services, and technologies from across member countries.

The initiative is expected to significantly strengthen cross-border trade by fostering an ecosystem built on mutual trust, respect, and long-term cooperation. By encouraging transparent business practices and shared economic values, BEA seeks to enhance sustainable trade relationships that benefit all participating nations.

Speaking on the occasion, Dr. Bhaskar Jyoti Sonowal stated: “This is a defining moment for entrepreneurship in India. I am deeply honored to take on this responsibility at a time when Indian enterprises, especially MSMEs, are poised to play a transformative role in the global economy. My commitment is to work collaboratively with all stakeholders to create meaningful opportunities for Indian entrepreneurs, while strengthening partnerships across BRICS+ nations through trust, innovation, and shared prosperity.”

Mr. Boris Tarasov, Secretary General of BEA Global, remarked: “India today stands at the forefront of shaping a more inclusive and balanced global trade framework. With its entrepreneurial energy and economic vision, India has the potential to guide not only trade expansion but also goodwill and cooperation among BRICS+ nations. Dr. Sonowal’s leadership will be instrumental in realizing this vision.”

Mr. Thomas Lotha, Founder Vice President of BEA India, added:
“This is truly a momentous occasion for Indian entrepreneurship. For the first time, lakhs of Indian entrepreneurs will have a structured and credible platform to engage with global markets. We are committed to ensuring that this initiative translates into tangible business opportunities beyond national borders, contributing meaningfully to India’s economic growth and GDP expansion.”

Mr. Evgeny Skomorovsky, President of BEA Russia, emphasized: “The economic partnership between India and Russia has always been rooted in trust and mutual respect. This new phase of collaboration under the BEA framework will further deepen trade ties, enabling both nations to unlock new opportunities and drive shared prosperity through strategic cooperation.”

Fernando Soares, President of BEA Brazil, expressed: "In my capacity as BEA President I convey strong support to and look forward to collaborating closely with global counterparts under India’s leadership."

Recent Milestone: India BRICS Business Summit 2026, Hyderabad.

This announcement follows a successful India BRICS Business Summit 2026 held on April 18–19, 2026, at Taj Krishna, Hyderabad. The chief guest on 18th April was our honourable MSME union minister, Shri Jitan Ram Manjhi. The Chief guest for 19th April event was Dr Raj Bhushan Choudhary. The summit marked a landmark beginning for BEA India’s mission to unify MSMEs on a global platform.
The event brought together prominent policymakers, industry leaders, and international delegates, including senior government representatives and global BEA leadership. Discussions focused on strengthening MSME ecosystems, sustainable development, infrastructure, and international trade cooperation.
A key outcome of the summit was the signing of the "Hyderabad Declaration,” outlining a strategic roadmap for MSME growth and enhanced global collaboration within the BRICS+ framework.
Beyond formal deliberations, the summit fostered meaningful dialogue, partnerships, and actionable business opportunities, setting a strong foundation for future engagements.

On 18th April, Shri Jitan Ram Manjhi highlighted that BEA India is an important forum for promoting entrepreneurship and MSME development in India. He noted that the MSME sector has introduced several schemes, and it is essential for entrepreneurs and MSMEs to take full advantage of these initiatives to grow their businesses. He also emphasized that the Ministry of MSME is fully supporting the efforts of BEA India.

On 19th April, Dr. Raj Bhushan Choudhary stated that Muzaffarpur and the state of Bihar represent significant grounds for new business growth. He pointed out that there are numerous opportunities in areas such as agro and food parks, education, healthcare, and airport facilities, which need to be developed further. He added that BEA India will support the state in creating plans to attract investments into these sectors. Together with BEA India, he expressed confidence in building a strong platform for entrepreneurs and MSMEs to flourish.

Looking Ahead
Building on this momentum, BEA India plans to expand its footprint across the country through a series of business summits and engagement platforms. These initiatives aim to empower entrepreneurs, facilitate global market access, and position India as a central force in shaping the future of international trade and cooperation.
With renewed vision and leadership, BEA stands committed to bridging markets, fostering innovation, and creating a resilient global entrepreneurial ecosystem grounded in collaboration, trust, and shared growth.

The efforts of BEA India are aligned with the broader vision of our Honourable Prime Minister of India, Narendra Modi, whose leadership continues to play a pivotal role in strengthening India’s global engagement, including the upcoming BRICS Summit 2026. BEA India remains committed to supporting initiatives that contribute to this vision by fostering entrepreneurship, encouraging MSME growth, and enhancing international collaboration.