Publicat pe 10/05/2018

Bucharest, May 10th, 2018: The President of the Chamber of Commerce and Industry of Romania (CCIR), Mr. Mihai Daraban, had a meeting at CCIR Business Center with H.E. Mr. Thanglura Darlong, Ambassador of India to Romania, and Ms. Chitra Suresh – First Secretary of the same embassy. The main purpose of the meeting was to develop bilateral economic exchanges.

“We wish that the level of trade in goods and services between the two countries grow both through business development and diversification. The Romanian labor market currently has a certain deficit, and India can be an important source of qualified staff “, said the President of CCIR.

Mr. Mihai Daraban added that the main development lines of economic cooperation between the two countries should be based on economic sectors such as IT, oil and gas, agriculture, metallurgy, automotive components, maritime transport, and shipbuilding.

Regarding this latter sector, the President of CCIR highlighted the main advantages of Constanța Port and the potential to become an important hub for India in the transport of goods to and from Central and South-Eastern Europe. Constanţa Port also has a high investment potential, considering the available indoor area for the construction of logistics platforms

E.S. dl. Thanglura Darlong, Ambasadorul Indiei în România, a precizat că, 2018, an în care se împlinesc 70 de ani de la inițierea relațiilor diplomatice dintre India și România, reprezintă  oportunitatea perfectă  în ceea ce privește intensificarea schimburilor comerciale și a inițiativelor de afaceri între cele două state.

H.E. Mr. Thanglura Darlong, Ambassador of India to Romania, said that in 2018, the year that marked 70 years of diplomatic relations between India and Romania, is the perfect opportunity to boost trade and business initiatives between the two states.

Background

According to the information provided by ONRC, on May 2018, there are 305 Indian companies active in Romania with a total subscribed capital of 17.76 million Euros. At the level of 2017, the total value of trade between Romania and India amounted to 571.39 million euros.

Romania exported mainly electrical machinery, appliances, and equipment with a weight of 55.9%. At the same time, imports from India consisted of metals and metal products (25.1%), chemicals and pharmaceuticals (22.0%), machinery and equipment (14.2%), textiles (8.4%) , food (6.7%), transport and components (6.6%), plastics and rubber (5.4%).