He said the commencement of text-based negotiations of the UNSC "is an important first step but it must be carried to its conclusion in the 70th UN General Assembly".

The prime minister said the world today lived in a fundamentally different era from when the UN was born, faced with complex, and undefined challenges. "The subject of reforms in the UNSC has been focus of global attention for decades, but unfortunately without progress."

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He said the challenges and the threats were different today.

The meeting, hosted by India, was attended by German Chancellor Angela Merkel, Japanese Prime Minister Shinzo Abe and Brazilian President Dilma Rousseff.

The G4 countries rank among the top 10 economies in the world. They are elected for a two-year term on the Security Council as non-permanent members by their respective regional groups. India has served the council twice in the past.

Merkel said the G4 needs to try to find allies, talk to others to meet its goals, while Rousseff said results achieved so far have not been very substantial, calling for a better, concerted effort at sensitizing the global community.

Abe said this was a historical global opportunity for G4 and the world.