India, Romania to Expand Ties in Auto and Energy Sectors

• Indian businesses, led by Minister Jitin Prasada, discussed expanding cooperation with Romania
• Focuses on boosting trade, investment, and resilient supply chains within the India-EU framework
• India’s exports to Romania topped $1.03 billion in FY 2024-25, with bilateral trade reaching $2.98 billion

Indian firms are looking at increasing investments and cooperation with Romania in an array of sectors such as automotive, aerospace and defense, renewable energy, engineering services and ICT.

A business delegation from India, headed by the Minister of State for Commerce & Industry, Mr Jitin Prasada, visited Romania and attended the India–Romania Business Forum recently.

India and Romania are strengthening trade ties through enhanced defence collaboration, aerospace partnership, and renewable energy initiatives, while also boosting bilateral investment and cooperation in the automotive industry.

The business Forum, organized by the Chamber of Commerce and Industry of Brașov (CCIBv) in association with the Embassy of India in Bucharest and the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, provided for engaging discussions and opportunities for partnerships.

In a statement, the Commerce Department stated, “The engagement focused on expanding bilateral investment and industrial cooperation between the two countries, bringing together business leaders from priority sectors such as automotive, aerospace, defence, renewable energy, engineering services, and ICT”.

Earlier this week, Minister Prasada met with his counterpart, Oana-Silvia Țoiu, Minister of Foreign Affairs of Romania in Bucharest.  The bilateral discussions centered on increasing trade, attracting investment, and strengthening resilient supply chains within the broader India-EU economic architecture.

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The statement noted, “Both sides agreed to work towards the conclusion, within this year, of a fair, balanced, and mutually beneficial India–EU Free Trade Agreement (FTA), in line with the political direction set for the ongoing negotiations”.

Prasada addressed the forum to showcase India’s rapidly growing economy and invited Romanian firms to participate in India’s manufacturing and innovation ecosystem, including the Make in India initiative and the Production Linked Incentive (PLI) schemes.

The statement added, “The session also featured the signing of Memoranda of Understanding (MoUs) and matchmaking interactions to explore joint ventures and technology partnerships between Indian and Romanian companies”.

India's exports to Romania exceeded $1.03 billion in FY 2024-25 and bilateral trade reached $2.98 billion for FY 2023–24.

The two countries agreed to enhance supply chain linkages in sectors such as petroleum, engineering goods, pharmaceuticals and ceramics as well as explore synergies in standards, testing, and investment opportunities.