Textile Show
At MODEXPO 2007 In Bucharest
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H.E. Mr. Ram Mohan, Indian Ambassador to Romania (centre) discussing with Mr. Ganesh Kumar Gupta, President, FIEO. At extreme right is Mr. Ajay Sahai, Director General, FIEO at the Opening ceremony at MODEXPO. |
FIEO organized an ‘Integrated Textile Show’ during MODEXPO 2007 held in Romanian capital Bucharest from 15 to 18 March 2007. Indian exhibitors led by FIEO to the show comprised of nearly 50 companies representing various textile products such as yarns, fabrics, garments, home furnishings etc. The Indian exhibitors included some well established names in the Indian textile industry like Raymonds, VSH Silk Mills, Unitex Designs, Technocraft Exports, Eurovista, Sarju International, Loyal Textile Mills, NRK Overseas, Prem Textiles and Rhapsody International.
Export Promotion Councils such as TEXPROCIL and SRTEPC supplemented the efforts of FIEO in organizing the show. FIEO officials such as Mr. Ganesh Kumar Gupta, President, Mr. Sharad Kumar Saraf, Chairman, Western Region, Mr. Amit Goyal, Convenor, Committee on MODEXPO and Mr Ajay Sahai, Director General also accompanied Indian exhibitors to MODEXPO where India was given the ‘Partner Country’ status.
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A View of the audience during the opening ceremony at MODEXPO. |
Indian Ambassador to Romania Mr. Ram Mohan inaugurated Indian Pavilion on 15 March and the ceremony was joined by Mr Radu Zaharia, General Director of Directorate General for Foreign Relations, Romania, Mr. Dragos Seuleanu, Vice President, Chamber of Commerce and Industry of Romania, Mr. Tiberiu Pap, Director, Romexpo besides many other dignitaries.
The Indian Ambassador informed the Indian participants that the economy of Romania was on a high growth trajectory and Indian businessmen should give more focus to this part of the world. He said Romanian market offers more opportunities after its inclusion in the European Union. He expressed happiness over regular interactions being organised between businessmen of both the countries.
Mr. Zaharia during his address appreciated FIEO’s efforts in bringing such a large Indian delegation. He said it is very encouraging to note the interest of Indian companies in the Romanian market. He emphasized that Romania now being a part of European Union offered greater opportunities to the entire globe.
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Mr. Ram Mohan addressing the audience. |
India’s major exports to Romania comprises of electronic goods, cotton yarn, fabrics & made-ups, RMG cotton and accessories, manmade yarns, machinery and instruments, manufacture of metals, plastic and linoleum products, paints, enamels, varnishes, drugs & pharma, fine chemicals and finished leather. Romania’s total export for the year 2004-05 to Romania was worth Rs. 4763.30 millions. On the other hand, India’s major imports from Romania are metal scrap, organic chemicals, iron and steel, machinery excluding electronics. The total import for the year 2004-05 was Rs. 7483.40 million. |
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Mr. Seuleanu while addressing the gathering said that such business-to-business interactions at regular intervals would definitely bring the trade and industry representatives of both the countries closer to each other. He was happy with the response the Romanian delegation got during their recent visit to India from 3rd to 9th March. He said that Romanian delegation was enthused with the response they received during their meeting with FIEO members at Mumbai and New Delhi. Mr. Dragos said that the efforts of FIEO and CCIR would definitely help in increasing our bilateral trade.
Addressing the inaugural ceremony, President FIEO said Romania could be considered as a base by Indian businessmen for catering to the wider markets of Europe, CIS and Balkan Region. "It is very encouraging to note that Indians and Indian products are highly welcome in Romania. Some of the Indian companies like the TATA, Essar, Videocon, Ispat, Eureka Forbes have already set up their offices in the country and many others are about to follow soon." Mr. Gupta added.
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| Mr. Ganesh Kumar Gupta (3rd from the left) addressing the press conference at MODEXPO. With him are from left, Mr. Amit Goyal, Convenor, FIEO Committee on MODEXPO; Mr. Ajay Sahai; and Mr. Sharad Kumar Saraf. |
Speaking further, the FIEO Chief informed that the Federation had recently launched Indo-Romania Chamber of Commerce and had also signed an MoU with the Chamber of Commerce & Industry of Romania in Bucharest for promoting bilateral trade between the two countries. He also informed that the Federation was in the process of setting up India Trade Centre in Romania. According to him, the ITC would function as a redistribution point for Indian products and also serve as a warehousing facility for storing goods sent from India.
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Earlier, FIEO had organized a Press Conference where Mr. Saraf emphasized that despite early promise the trade between India and Romania in textile sector had a long way to go. During the evening, FIEO hosted a dinner meet where Indian & Romanian businessmen, Indian Embassy officials and many high profile Romanian dignitaries were present. Businessmen from both the countries had closer personal interaction during the dinner eve. The Indian Pavilion was visited by Radu Duda, Prince of Hohenzollern-Veringen and Princess Margarita of Romania. The Princess took keen interest in Indian products and bought some silverware and silk items. The show organizers informed that MODEXPO attracted 116 companies from countries like Hungary, Greece, Poland, Italy, Romania and India. During the closing ceremony, the organizers awarded FIEO a trophy for its efforts in organizing India Pavilion. The exhibition show ended with a fashion show where many international designers showcased their latest collections. |
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At a Dinner, Mr. Sharad Kumar Saraf addressing with the participants. On his right is Mr. Ganesh Kumar Gupta. |
Romania is one of the fastest growing economies in Europe. Its sector wise GDP composition indicates that Romania has a good industrialized economy with approx. 35% contribution to GDP. In the oil sector Romania is among the first five countries in Europe. India’s trade with Romania has been observing a positive growth over the years. India’s total trade with Romania grew from USD 73 million in 2002 – 03 to USD 274 mn in 2004-05 and to USD 354 mn in 2005 –06 observing a growth of nearly 30% in 2005-06. India’s export to Romania increased from USD 11 mn in 2002-03 to USD 106 mn in 2004-05. On the import side, India’s import increased from USD 48 mn in 2002-03 to USD 270 mn in 2005-06. India has been observing a negative balance of trade with Romania. The visit of Indian delegates is poised to improve India’s exports to Romania.
