Executive Summary
On July 24, 2026, President Droupadi Murmu addressed the India–Romania Business Forum in Bucharest to strengthen bilateral economic cooperation. The address emphasized the "Viksit Bharat 2047" vision and the strategic importance of the India-EU Free Trade Agreement (FTA) in creating investment opportunities. Key takeaways include a call for the early implementation of the FTA and an invitation for Romanian companies to participate in India’s industrial and digital growth.
Key Points / Main Content
Strategic Economic Ties
Romania is identified as a natural partner for India due to its strategic location as a gateway to the European Union and its advanced industrial capabilities.
The India-EU FTA, representing a combined market of two billion people and a $25 trillion economy, is central to deepening trade integration and resilient supply chains.
Early and effective implementation of the FTA is prioritized to provide a predictable environment for MSMEs, startups, and innovators.
India’s Growth and Reform Initiatives
Under the "Viksit Bharat 2047" vision, India aims to become a developed nation by the centenary of its independence.
The Indian government is implementing simplified taxation and production-linked incentives to create a transparent, investor-friendly business environment.
India’s status as a fast-growing major economy offers significant opportunities for international technology collaboration and investment.
Sector-Specific Opportunities
Energy and Industry: Potential for collaboration in energy security, the green transition, and the chemical and fertilizer sectors.
Technology and Digitalization: Integration of India’s Digital Public Infrastructure and IT leadership with Romania’s expertise in software engineering and cybersecurity.
Logistics and Infrastructure: Cooperation opportunities in transportation, including ports, railways, highways, and multi-modal logistics parks.
Healthcare and Agriculture: Scope for deepening ties in pharmaceuticals, healthcare, agriculture, and food processing.
Impact Analysis
Indian and Romanian Business LeadersImpact
Businesses gain access to expanded markets and new avenues for technology transfer and commercial partnerships.
Action Required
Seize emerging opportunities in the identified sectors and build resilient supply chains to promote innovation and employment.
MSMEs and StartupsImpact
They are positioned to benefit from enhanced value chain integration and a more predictable regulatory environment through the India-EU FTA.
Action Required
Leverage the trade framework and digital infrastructure to scale operations and enter international markets.
The Government of RomaniaImpact
The nation is recognized as a strategic investment destination and a critical hub for Indian industries entering the European market.
Action Required
Continue collaborating on the effective implementation of the India-EU FTA and fostering industrial partnerships.
Key Entities Referenced
India-EU Free Trade Agreement (FTA): An economic partnership aimed at deepening trade integration, strengthening investment flows, and building resilient supply chains between India and the European Union.
Viksit Bharat 2047: India's strategic national vision to transform into a developed nation by the centenary of its independence.
India-Romania Business Forum: The primary bilateral platform facilitating international partnerships, investment, and technology collaboration between business leaders and government representatives from both nations.
Droupadi Murmu: The President of India who delivered the address outlining India's economic growth initiatives and areas for international cooperation.
Digital Public Infrastructure (DPI): India's technological initiative identified as a key area for complementation and collaboration with Romania's advanced industrial capabilities.
President's Secretariat
PRESIDENT OF INDIA ADDRESSES INDIA-
ROMANIA BUSINESS FORUM
OUR JOURNEY TOWARDS THE GOAL OF ‘VIKSIT BHARAT
2047’ PRESENTS IMMENSE OPPORTUNITIES FOR
INTERNATIONAL PARTNERSHIPS, INVESTMENT AND
TECHNOLOGY COLLABORATION: PRESIDENT DROUPADI
MURMU
ROMANIAN COMPANIES SHOULD PARTICIPATE ACTIVELY
IN INDIA'S GROWTH STORY: PRESIDENT DROUPADI
MURMU
प्रव तथ: 24 JUL 2026 2:58PM by PIB Delhi
The President of India, Smt Droupadi Murmu addressed the India–Romania Business Forum at Bucharest
today (July 24, 2026) in the presence of the President of Romania, H.E. Mr. Nicușor Dan, members of the
Government of Romania, business leaders from India and Romania and representatives of Industry
Associations of India and Romania.Speaking on the occasion, the President said that Romania, with its strategic location at the crossroads of
Europe, highly skilled human resources, advanced industrial capabilities and strong integration with the
European Union, remains a natural and valuable partner for India. Romania serves not only as an
important destination for investment but also as a gateway to the wider European market. She stated that
the participation of a large Indian business delegation in this Forum reflects the growing confidence of
Indian industries in the opportunities that Romania offers and their desire to build enduring partnerships
with Romanian businesses.
The President said that trade and economic cooperation are central to the contemporary partnership. With
a combined market of nearly two billion people and an economic size of around 25 trillion dollars, the
India-EU FTA is among the most significant economic partnerships in the world and aims at deepening
trade integration, strengthening investment flows, and building resilient and diversified supply
chains. She emphasised that the early and effective implementation of the FTA will be crucial. It will
provide a predictable environment for businesses, enhance value chain integration, and create new
opportunities for MSMEs, startups, and innovators on both sides.
The President said that India is today one of the world's fastest-growing major economies. Our vision of
"Viksit Bharat 2047" aims to transform India into a developed nation by the centenary of our
Independence. This journey presents immense opportunities for international partnerships, investment and
technology collaboration.
The President said that India is undertaking initiatives to create a transparent, predictable and investor-
friendly business environment by simplified taxation and production-linked incentives.
The President said that there is immense scope for collaboration in the energy security and green transition
between India and Romania. Given Romania's capabilities in the chemical & fertilizers industry, there is
also scope for cooperation in this sector. India's globally recognised Digital Public Infrastructure, thriving
start-up ecosystem and leadership in information technology can complement Romania's strengths in
software engineering, cyber-security, research and advanced technologies. There are also opportunities for
our companies to collaborate in transportation and logistics sectors, including ports, railways, highways,
logistics parks and multi-modal transport. We can also deepen cooperation in pharmaceuticals, healthcare,
agriculture and food processing.The President expressed confidence that business communities of India and Romania will seize these
emerging opportunities and transform them into successful commercial partnerships. She urged Romanian
companies to participate actively in India's growth story. She said that our businesses can build resilient
supply chains, generate employment, promote innovation and create sustainable prosperity for our
peoples.
Please click here to see the President’s Speech
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