India’s BRICS Chairship hosts $1 trillion sovereign capital summit in Delhi

Sovereign wealth funds, pension funds, and family offices managing a combined $1 trillion will meet in New Delhi on September 12-13 for talks on cross-border investments and non-dollar settlements among BRICS economies. The inaugural iBRICS Summit, convened by the Sovereign Wealth Fund Institute, will host over 500 institutional investors, finance ministers, and business leaders. A closed-door roundtable with 250 participants will discuss non-dollar settlement corridors and capital deployment targets, while bilateral meetings will focus on infrastructure, technology, critical minerals, and energy transition projects. The summit will include the signing of a proposed "Sovereign Capital Compact" on September 12, though no specific investment values or projects were disclosed. Discussions will also cover linking national fast-payment systems like India's UPI and Brazil's Pix, alongside central bank digital currency interoperability. India is hosting the 18th BRICS Summit as Chair 2026.