Copyright thehindubusinessline
Indian businesses discussed expanding investments and cooperation in sectors such as automotive, aerospace, defence, renewable energy, engineering services, and ICT, with counterparts in Romania on Wednesday. A business delegation from India led by Minister of State for Commerce & Industry Jitin Prasada is currently visiting the country and participated in the India–Romania Business Forum organised by the Chamber of Commerce and Industry of Brașov (CCIBv) on Wednesday. It was in partnership with the Embassy of India in Bucharest and the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India. “The engagement focused on expanding bilateral investment and industrial cooperation between the two countries, bringing together business leaders from priority sectors such as automotive, aerospace, defence, renewable energy, engineering services, and ICT,” per a statement issued by the Commerce Department. Earlier this week, Prasada held a bilateral meeting with Minister of Foreign Affairs of Romania Oana-Silvia Țoiu in Bucharest. The discussions focused on expanding trade, attracting investment, and strengthening resilient supply chains within the broader India–EU economic framework. “Both sides agreed to work towards the conclusion, within this year, of a fair, balanced, and mutually beneficial India–EU Free Trade Agreement (FTA), in line with the political direction set for the ongoing negotiations,” the statement underlined. At the business forum, Prasada highlighted India’s position as one of the fastest-growing major economies and invited Romanian enterprises to participate in India’s manufacturing and innovation ecosystem under the Make in India and Production Linked Incentive (PLI) schemes. “The session also featured the signing of Memoranda of Understanding (MoUs) and matchmaking interactions to explore joint ventures and technology partnerships between Indian and Romanian companies,” the statement noted. India’s exports to Romania crossed $ 1.03 billion in FY 2024-25, while overall bilateral trade reached $2.98 billion in FY2023–24, per numbers shared by the government. Both sides agreed to deepen supply-chain linkages in priority sectors such as petroleum products, engineering goods, pharmaceuticals, and ceramics, and to facilitate collaboration in standards, testing, and investment partnerships. Published on November 5, 2025
