FIEO participates in TIBCO 2008
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H.E. Prince of Hohenzollern-Veringen, Mr. Radu Duda inaugurating the Indian Pavilion at TIBCO fair. On his left is Mr. Debashish Chakravarti, Indian Ambassador to Romania; Mr. S K Saraf, Chairman, FIEO (WR); and Mr. A P Srivastava, Jt.Director, FIEO. |
FIEO participated in the 25th edition of TIBCO 2008, the largest international fair for consumer goods organized in Romania, held from 18th to 22nd June 2008 in Bucharest. FIEO contingent, comprising of 35 Indian companies, was led by its Western Region Chairman Mr. S K Saraf. These companies showcased India’s strength in various sectors like home furnishing, garments, fashion jewellery, leather products, jute products, handicrafts, coir products, rubber products, fashion accessories etc.
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Over 220 companies, including 79 foreign companies, participated in the show organized by ROMEXPO. Foreign participants represented 16 countries such as Bulgaria, Egypt, Germany, Greece, India, Indonesia, Iran, Israel, Italy, Former Yugoslav Republic of Macedonia, the Netherlands, Pakistan, Thailand, Turkey and Hungary. Prince of Hohenzollern-Veringen Mr. Radu Duda inaugurated Indian pavilion. The inauguration ceremony was joined by Mr. Debashish Chakravarti, Indian Ambassador to Romania and Mr. George CoJocaru, President of ROMEXPO besides a large number of businessmen and dignitaries from various countries. |
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Mr. S K Saraf addressing the gathering. |
Addressing the ceremony, Indian Ambassador noted that Romanian market offered huge opportunities for Indian businessmen after its inclusion in the European Union. Engagements between Romania and Indian SMEs could be very productive and mutually beneficial, he added.
Commenting on the value of participating in TIBCO, Indian Ambassador said, such events acquaint businessmen on both sides with markets, business practices, management styles and lay the basis for further networking among business partners.
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FIEO Chairman in his address informed that the Federation had brought Indian consumer products to TIBCO for the fourth time in a row since March 2005 because of the encouraging response received by Indian participants. He observed that between 2002 and 2007 bilateral trade between India and Romania increased by almost 800% to reach over US$ 800 million. According to him, India’s major export items to Romania are iron ore, drugs, pharmaceuticals & fine chemicals, machinery & instruments, processed minerals and plastic & linoleum products and the major import items from Romania are iron & steel, machinery excluding electric & electronic, transport equipments, wheat, metal ores |
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(Right) H.E. Prince Radu Duda signing the visitors book at FIEO pavilion. At centre is Mr. S K Saraf, Chairman, FIEO (WR); and at extreme left is Mr. Rajesh Bhatia, Director, FIEO (WR). |
& scraps. However, he feels that businessmen from the two countries can also explore cooperation in sectors like information technology, pharmaceuticals, energy, metallurgy and heavy industries.
In order to further strengthen trade and commerce between the two sides, FIEO Chairman informed that an India Trade Centre was being established in Romania to tap business opportunities in European Union, Balkan States and the adjoining areas of Central Asia, especially the CIS countries. He invited the audience to visit the provisional office of ITC and to have a glimpse of ongoing construction of the stands of ITC member companies. To represent the interest of the stakeholders taking permanent space in ITC, a company named Indus Trade Services (ITS) had already been registered in Romania and all legal formalities had been completed, he informed.
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H.E. Prince Radu Duda visiting one of the FIEO members stall. |
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