Vice President of India, M. Venkaiah Naidu has thanked Romania for agreeing to take lead to re-start negotiations on India-EU-BTIA. He was making a Joint Press Statement following delegations level talks with the Prime Minister of Romania, Viorica Dancila, in Bucharest, Romania on 20 September 2018. The Minister of State for Finance, Shiv Pratap Shukla and other dignitaries were present on the occasion.
The Vice President said that he was happy to visit Romania at a highly opportune time coinciding with completion of 70 years in diplomatic relations between two nations. It also overlaps with the celebration of centenary year of Romania, he added. Saying that his discussions with the prime minister were fruitful, the Vice President said that they focused on strengthening trade and investment relationship covering sectors such as ICT, pharmaceuticals, manufacturing, infrastructure, logistics, agri-foods, tourism. He further said that they intend to deepen and diversify economic and technological cooperation between two countries. India-Romania annual bilateral trade has risen to US $ 810 million in 2017-18, a 40% increase over last year (USD 575 million) which is a positive development, he added.
The Vice President acknowledged and admired the strong acceptance of Ayurveda, a traditional system of Medicine amongst Romanians. He further said that Government of India has decided to open an Ayush Information cell in Romania to disseminate more information about Ayurveda, encourage Ayurveda practice.
The Vice President said that easier facilitation of visa promotes people-to-people contact and business. Our governments should work towards facilitating easy mobility of professionals on both sides. I am glad that Romania has decided to open a Consulate in Chennai.
Also, Vice President M. Venkaiah Naidu asked the Romanian Businessmen to create a genuine, multifaceted Indo-Romanian partnership. He was addressing the India-Romania Business Forum Meeting, in Bucharest, Romania. The President of the Senate of Romania, Calin Popescu-Tariceanu, the Vice Prime Minister of Romania, Ana Birchall were present on the occasion.
The Vice President invited Romanian businessmen to partner with India in its exciting and transformative journey. Saying that India’s economic transformation in recent past presents fresh opportunities in multiple sectors for Romanian entrepreneurs, the Vice President invited them to invest in India. With a growth rate over 8%, India is one of the fastest growth rates in the world for a large economy, he added.
The Vice President said that India has managed a positive swing in stock market indices, foreign exchange reserves, and public investment in infrastructure and welfare measures. Government investment in infrastructure development has increased exponentially and it is already visible in the improved railways, roads, airports and shipping infrastructure in our country, he added.
Saying that India has one of the best regulated financial systems in the world, the Vice President highlighted how India became the most attractive FDI destinations in the world. He further said that demonetisation and the GST have been successfully implemented for India to emerge as a transparent, modern and unified market. Greater ease of doing business is being reported from different corners of the country and tax rates are harmonised across the country, he noted. More than 320 million bank accounts have been opened under the Jan Dhan Yojana for the first time enabling direct cash benefit transfers and millions of LPG connections have been given to rural women, he added.