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States » East

“Strengthening Bilateral Ties between India and Romania: New Perspectives”

Kolkata, Dec 9 (UNI) Radu Octavian Dobre, Ambassador Extraordinary and Plenipotentiary of Romania in India, on Monday, highlighted several potential areas of trade and investments between Romania and India with a special focus on West Bengal at an Interactive Session organised by Bharat Chamber of Commerce here.
B. K. Poddar, Consul of Romania in Kolkata was also present on the occasion.
At the outset Mr. Dobre stated, “I was always impressed with the energy of the West Bengal business community in dealing with international issues and I strongly believe that there is a scope for dialogue in order to increase trade relation between my country and India and, in particular, with the State of West Bengal.”
Mr. Dobre observed that trade relations between Romania and India have been flourishing since past few years. In this context,
He stated, “Bilateral trade between India and Romania from 2014-18 has doubled and has reached $1 billion but we believe that the two countries have the potential to reach $5 billion in the next few years.”
Mr Dobre, in his Address, informed that Romania, the second largest country in Central and Eastern Europe has strength in manufacturing Machinery, Defence Equipment and Automobile spare parts along with Food Processing, Real Estate and Mining. In respect of mining,
He stated, “We have expertise and technological skills in mining and there is a good potential for co-operation with the State of West Bengal in this sector.”
Outlining the trade and investment opportunities, he stated that Romania offers plenty of incentives to attract foreign investments including fiscal incentives for investors setting up manufacturing units or offices in an industrial, scientific or technological park. In this context,
Mr Dobre informed, “There are 89 industrial parks spread across the country with access to utilities and benefit packages. There is a “One-Stop-Shop” for foreign investors for assisting and advising the international companies in project implementation. This platform acts as the main interface between foreign companies and Central Authorities of Romania.”
In his Welcome Address, Sitaram Sharma, President suggested to the Romanian Ambassador to promote two-way tourism between Romania and West Bengal.
Mr. Sharma also expressed the Chamber’s interest in hosting Business Delegations from Romania and organising B2B discussions with the businessmen of West Bengal. Mr. Sharma further proposed to sign an MoA between Bharat Chamber of Commerce and the leading Chamber of Commerce in Romania.
Mr. Dobre welcomed Mr. Sharma’s suggestions and further informed that a Business Delegation from India is scheduled to visit Romania in the month of April, 2020.
He stated, “There is a lot of room for new projects for Indian investors in Romania. Meetings with specific Ministries, Chambers of Commerce and industrial sectors can be arranged for the visiting delegation. We will do everything possible so that the Indian delegation can make the most from their visit.”
In terms of ease of living, Mr Dobre stated that the standard of living in Bucharest, the capital of Romania, is very low when compared to cities like London and Berlin. Romania is becoming a very lucrative market for foreign employees.
“Among foreign employees working in Romania, the majority are Indians,” he added.
A Member of the Chamber pointed out that though Romania is an attractive tourist destination with its snow clad mountains and green valleys and is less expensive when compared to other European countries, however, there are considerable problems in getting Visas.
In this regard, Mr Dobre stated that Romania is presently working on the unnecessary hurdles in Visa approvals and assured that in the near future this impediment will be resolved.
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