India’s Minister of State for Commerce and Industry, Jitin Prasada, has extended a warm invitation to Romanian enterprises. He highlighted India’s status as one of the fastest-growing major economies globally. This call encourages participation in India’s dynamic manufacturing and innovation ecosystem under key initiatives like ‘Make in India’ and the ‘Production-Linked Incentive’ schemes.
The minister led an Indian business delegation at the India-Romania Business Forum. This event was organized by the Chamber of Commerce and Industry of Brasov in partnership with the Embassy of India in Bucharest and the Department for Promotion of Industry and Internal Trade. It served as a platform to strengthen economic ties.
The forum concentrated on expanding bilateral investment and industrial cooperation. Business leaders from priority sectors such as automotive, aerospace, defence, renewable energy, engineering services, and ICT came together. Their discussions aimed at fostering mutual growth and collaboration.
Recent policy reforms and ease-of-doing-business measures were outlined. State-level incentives across key industrial corridors were also highlighted. These efforts are designed to attract foreign investment and streamline operations for international partners.
The session featured the signing of Memoranda of Understanding. Matchmaking interactions allowed companies to explore joint ventures and technology partnerships. These activities are crucial for building strong, cooperative business relationships.
The Brașov Forum marked a significant milestone in India’s trade engagement with Central and Eastern Europe. It reaffirmed both nations’ commitment to long-term economic linkages. Focus areas include sustainable manufacturing, green energy, and high-technology industries.
Earlier, Prasada held a bilateral meeting with Romania’s Minister of Foreign Affairs, Oana-Silvia Țoiu. Their discussions centered on expanding trade and attracting investment. Strengthening resilient supply chains within the India-EU economic framework was a key topic.
Both sides agreed to work towards concluding a fair and balanced India-EU Free Trade Agreement within this year. This aligns with the political direction set for ongoing negotiations. The ministers reviewed the stable trade and investment ties between India and Romania.
India’s exports to Romania surpassed $1.03 billion in FY2024-25. Overall bilateral trade reached approximately $2.98 billion in FY2023-24. These figures underscore the growing economic relationship.
The manufacturing ecosystem in India offers numerous opportunities for Romanian firms. Through initiatives like ‘Make in India’, the country is boosting its industrial capabilities. This creates a favorable environment for international collaboration.
Romanian companies can leverage India’s dynamic market and innovation-driven policies. Joint ventures and technology partnerships are encouraged to enhance bilateral cooperation. This synergy can lead to mutual economic benefits.
The focus on sustainable and green energy industries is a shared priority. Both nations are committed to advancing high-technology sectors. This alignment promises fruitful long-term partnerships.
India’s manufacturing ecosystem continues to evolve with global partnerships. The engagement with Romania is a testament to this progressive approach. It paves the way for increased investment and industrial growth.
As bilateral ties strengthen, the potential for expanded trade and innovation grows. The collaborative efforts at the forum set a positive precedent. Future engagements are expected to build on this foundation.