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Market: India-Romania to deepen partnership

Fiinews by Fiinews
July 24, 2026
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Welcome ceremony for President Murmu in Romania.

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Joint R&D to be expanded under Programme of Cooperation in Science and Technology

The President of India, Droupadi Murmu, and Romania President Nicusor Dan have agreed to further deepen cooperation across areas of priority for their two countries while discussing all major dimensions of India-Romania bilateral partnership.

The President arrived in Romania on 23 July 23 on the last leg of her State Visits to Moldova, North Macedonia and Romania.

President Murmu noted that India and Romania have shared a warm and enduring friendship for over seven decades, founded on mutual trust, respect and strong people-to-people ties. “Over the years, our partnership has steadily grown stronger and is now entering a new phase marked by greater ambition, stronger cooperation and a shared vision for the future,” she said during her one-to-one meeting with the host President Nicusor Dan.

The President said that economic cooperation remains an important pillar of the India-Romania partnership. The two leaders agreed to promote trade and investment, strengthen resilient supply chains, and encourage closer collaboration between the business communities of our two countries. They also agreed to work towards doubling our bilateral trade over the next three years.

The President said that Romania is an important partner for India within the European Union. She underlined that the India–EU Free Trade Agreement will open unprecedented opportunities for the industries and skilled professionals of the two countries.

The President said that education, culture and people-to-people contacts remain the foundation of India–Romania relations. She was happy to note that three important agreements in these areas were signed today.

The President said that India and Romania will expand joint research and development under the Programme of Cooperation in Science and Technology. An Indian Studies Chair is being established at the University of Bucharest with the support of the Indian Council for Cultural Relations (ICCR). The Government of India has decided to double the number of training opportunities for Romania under the Indian Technical and Economic Cooperation (ITEC) Programme.

The President said that as India and Romania prepare to celebrate the 80th anniversary of the establishment of diplomatic relations in 2028, the two sides have agreed to commemorate the occasion as the “India–Romania Year of Innovation.”

On 24 July, the President addressed the India-Romania Business Forum and visited the Parliament of Romania as well as the Bucharest University of Economic Studies. Fiinews.com

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