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Project for geological studies of Himalayan belt on anvil
04 Mar '08
3 min read
Bilateral cooperation has also covered petrochemicals, power and metallurgy projects in India. Romania has been involved in major Indian projects such as the thermal power plant at Singareni, the Mangalore pelletizing plant, the Durgapur agglomeration plant and the Hyderabad tractor plant.
Speaking on the occasion Dr. Varujan Vosganian, Minister of Economy and Finance, who led Romanian delegation, stressed the need for boosting bilateral cooperation between India and Romania particularly in the energy sector.
He added that Romania regards India as one of the most attractive investment destination. Dr. Varujan said that the deep cultural ties can contribute to further growth of economic relations.
He offered participation of the Romanian companies in building oil and gas storages, pipelines and other infrastructure in which Romania has expertise and specialization.
Referring to the contribution of Romania in the development of Indian oil and gas sector, the visiting Minister said that the high GDP growth rate and vast natural resources of India makes it a priority country for Romania in Asia.
Presentations were made by ONGC on exploration production and by GAIL on gas sector from the Indian side and by Romgaz and AEM Timisoara from Romanian side.
Speaking on the occasion Dr. Varujan Vosganian, Minister of Economy and Finance, who led Romanian delegation, stressed the need for boosting bilateral cooperation between India and Romania particularly in the energy sector.
He added that Romania regards India as one of the most attractive investment destination. Dr. Varujan said that the deep cultural ties can contribute to further growth of economic relations.
He offered participation of the Romanian companies in building oil and gas storages, pipelines and other infrastructure in which Romania has expertise and specialization.
Referring to the contribution of Romania in the development of Indian oil and gas sector, the visiting Minister said that the high GDP growth rate and vast natural resources of India makes it a priority country for Romania in Asia.
Presentations were made by ONGC on exploration production and by GAIL on gas sector from the Indian side and by Romgaz and AEM Timisoara from Romanian side.
Press Information Bureau Government of India
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