Romanian delegation will explore energy and defence ties
NEW DELHI, OCT 11: A high-level Romanian delegation, which includes 12 oil and power company representatives, will be visiting India from October 22. Led by the country’s commerce minister Loan Codrut Seres, the delegation will explore cooperation in several sectors including energy, automotives, heavy machinery, pharamaceuticals and real estate.
Embassy officials told FE Mr Seres, who will be visiting India at the invitation of petroleum and natural gas minister Mani Shankar Aiyar, will meet his counterpart Kamal Nath and also power minister PM Sayeed.
Also, during the four-day visit to India, the Romanian commerce minister will attend a business seminar on India-Romania investment opportunities organised by CII.
The delegates will also have meetings with Indian corporates like the Tatas, Birlas, Mahindra & Mahindra to discuss investment opportunities and joint ventures in their country, embassy officials said.
The representatives of oil and power will follow-up the discussions they had with Indian companies during their meetings earlier in the year. And will also have meetings with officials from ONGC, IOC, GAIL and EIL. The two countries recently had extensive discussions for cooperation in energy and defence as they both felt that there was tremendous scope for cooperation in these sectors.
According to officials, Indo-Romanian economic ties have been on an upswing in recent years, with trade doubling each year in the last few years. It is expected to touch around half a billion dollars in 2005. It maybe recalled that Mr Aiyar visited Bucharest a few months back and four MoUs were signed in the hydrocarbon sector.
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From: financialexpress.com
