Kamal Nath piches for Romanian investments in IndiaN infrastructure

New Delhi, Mar 4 (UNI) Commerce and Industry Minister Kamal Nath today pitched for Romanian investments in India's infrastructure.

During an interaction with Romanian Economy and Finance Minister Varujan Vosganian here, he also called for engagement of small and medium enterprises of their countries to strengthen the foundations of their trade relationship.

Underlining the need to boost bilateral trade which had stagnated over the last decade, he said India has further liberalised policies relating to foriegn direct investment, opening many new sectors to automatic route of upto 100 per cent FDI. Infrastructure sector in India is an opportunity for investment with the promise of sustained high returns, he added.

Bilateral trade has grown from 68 million dollars in 2000 to 430 million dollars in 2006-07.

The meeting was attended by department of industrial policy and promotion secretary Ajay Shankar, commerce secretary G K Pillai, director general of foreign trade R S Gujral and senior officials from the Ministries of External Affairs, Petroleum&Natural Gas and Chemicals&Fertilisers and representatives from the industry organisations and apex chambers, an official statement said.

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