"Terrorism, radicalization, and transnational crimes pose grave threats to each of us", Modi said addressing the first BRICS-BIMSTEC Outreach Meeting that was also attended by Russian President Vladimir Putin, Chinese President Xi Jinping, South African President Jacob Zuma and BrazilianPresident Michel Temer. The tourist state has been converted into a fortress with the entire state being put on high alert given the presence of world leaders.
India's concerns over terrorism has weighed heavily at the BRICS summit, an global relations conference attended by the heads of state of Brazil, Russia, India, China and South Africa. Everyone is appreciating Modi for strongly raising voice against Pakistan at an important summit like BRICS.
The bank, which became operational a year ago, has already cleared loans totaling more than $900 million for renewable energy projects in the five BRICS countries - Brazil, Russia, India, China and South Africa.
All the leaders of the bloc "were unanimous in recognizing" the threat that terrorism, extremism and radicalisation present to the world, PM Modi said during his concluding remarks at the BRICS summit in Goa+.
The five leaders of the BRICS group of emerging economies have ended a two-day summit with a pledge to speed global economic recovery as well as fight terrorism and extremism, forces that they said pose a threat to regional and worldwide peace and stability.
He also said that the neighbouring country sheltered not just terrorists but also "nurtures a mindset" which backs terrorism for political gains.
"The promotion of economic and commercial engagement has been the foundational impulse in the creation of BRICS. In the second half, after the speech of the leaders, there will be BRICS and BIMSTEC retreat".
Referring to India recently ratifying the Paris Climate Agreement, he said, "We are committed to a harmonious balance between development and climate change.
We agreed to strengthen cooperation in combating worldwide terrorism both at the bilateral level and at global fora", the declaration said. "And, we need to act both individually and collectively", he said. The new agency will be aimed at challenging western dominance in the world of credit rating agencies.
"We call upon all nations to work together to expedite the adoption of the Comprehensive Convention on International Terrorism in the UN General Assembly without any further delay", the Goa declaration said. Pakistan denied any role in the attack on the Uri army base, and said the Indian operation had not even happened, dismissing it as typical cross-border firing.