The opening of the India Chamber of Commerce comes in the context of opportunities presented by the new U.S. tariff policy, which is forcing many nations to focus on trade relations elsewhere.
The main topics discussed at the Chamber of Commerce opening ceremony were renewable energy. India is one of the world leaders in this field, ranking fourth in installed wind and solar power capacity.
“We have initiated the International Solar Alliance and I am happy that Romania is also part of this association. So this is one of the areas where we can cooperate, develop joint projects. We can also cooperate in hydrogen energy,” said Makina Jain, Indian Ambassador to Romania and the Republic of Moldova.
For Romania, India has already become the second most important trading partner in Asia, ahead of Japan and South Korea. About 500 companies with Indian capital operate in the neighboring country, and trade turnover between the countries exceeded $1.7 billion last year.
The Republic of Moldova is following the same path. In December 2024, the Embassy of Moldova in India was opened. There is no Indian diplomatic mission in Chisinau, the embassy in Bucharest is responsible for relations with our country.
Moldova exports to India apples, pears, quince, sunflower seeds, kaolin. The main imports from India are medicines, as well as clothing and footwear, automobile components, rubber goods.
The share of trade with India in the total foreign trade turnover of the Republic of Moldova does not exceed 2%.
