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 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Johan Berlin
InvestKonsult Sweden AB

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Bani Batra

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search