Home / Knowledge / News / Textiles / Exploit potential of Romanian market – Shri Kaml Nath
Exploit potential of Romanian market – Shri Kaml Nath
05
Mar '08
Shri Kamal Nath, Union Minister of Commerce and Industry, has called for increasing the bilateral trade between India and Romania, considering the untapped opportunities for exploiting the potential for growth.

This he said during the bilateral meeting with Mr. Varujan Vosganian, Minister of Economy and Finance, Government of Romania. He further explained that Indo-Romanian trade which stagnated over the last decade is now on the upswing.

Bilateral trade has grown from US $ 68 million in 2000 to US $ 430 million during 2006-07, and added that India has a vibrant SME sector and engagement by SMEs on both sides would strengthen the foundations of the trade relationship.

The bilateral meeting was attended by Shri Ajay Shankar, Secretary, Department of Industrial Policy & Promotion; Shri G.K. Pillai, Commerce Secretary; Shri R.S. Gujral, Director General of Foreign Trade; senior officials from the Ministries of External Affairs, Petroleum & Natural Gas and Chemicals & Fertilisers and representatives from the industry organisations and apex chambers.

During the meeting, Shri Kamal Nath stated that the Indian economy is one of the fastest growing economies in the world and it is also the fourth largest in terms of purchasing power parity. Both sides noted about the B-2-B engagement would take the bilateral trade relationship to higher levels.

On FDI front, the Minister underlined that FDI policies have been further liberalised and many new sectors have been opened to FDI recently and on automatic route upto 100% in most sectors.


Must ReadView All

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

TEA urges Tamil Nadu govt to announce textile policy

The Tiruppur Exporters' Association (TEA) has urged the state...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X