BUCHAREST (TIP): The Embassy of India in Bucharest successfully organized a Hybrid Business-to-Business (B2B) Meeting on the Gems & Jewelry sector on 30 January 2026 at 1800 hrs., aimed at strengthening trade linkages between Indian and Romanian companies. The event witnessed enthusiastic participation from stakeholders on both sides, reflecting the growing momentum in India–Romania economic engagement.
The meeting was coordinated in close partnership with Mr. Sridhar Iyengar, Director (International Events), Gems & Jewelry Export Promotion Council (GJEPC), underscoring the Embassy’s proactive role in facilitating sector-specific trade cooperation and connecting Indian exporters with potential Romanian partners.
Several prominent and emerging companies from India’s gems and jewelry industry participated in the interaction. Indian firms showcased a wide range of products, including gold and silver jewelry, artificial and fashion jewelry, and various types of precious and semi-precious stones, highlighting India’s advanced craftsmanship, design innovation, competitive pricing, and strong export capabilities. Indian participants expressed keen interest in expanding exports to Romania and the wider European market.
Romanian companies reciprocated with strong interest, recognizing India’s position as one of the world’s largest producers and exporters of gems and jewelry. With India’s gems and jewelry exports globally, the European Union being a key destination, Romanian participants identified opportunities for cost-effective sourcing, private labelling, long-term supply contracts, and joint ventures. Government initiatives such as Make in India, ease-of-doing-business reforms, and export facilitation measures were highlighted as key enablers of sustained growth in the sector.
The hybrid format ensured wide participation and accessibility, with over 25 Romanian companies attending in-person at the Embassy premises, while around 15 Indian companies participated virtually from India, facilitated by GJEPC. The discussions covered topics such as quality standards, hallmarking, certification requirements, customs procedures, logistics, and market access within the European Union. Indian companies also shared success stories of their exports to European markets and compliance with international quality benchmarks.
The session commenced with opening remarks by H.E. Dr. Manoj Kumar Mohapatra, Ambassador of India to Romania and concurrently accredited to the Republic of Moldova. This was followed by remarks from Dr. Tariq Thomas, Director, Ministry of Commerce & Industry, and Mr. Sabyasachi Ray, Executive Director, GJEPC, who led the B2B engagement along with six Indian companies that presented and shared overviews of their respective businesses.
Mr. Sabyasachi Ray also briefed participants on the role of GJEPC in expanding India’s gems and jewellery trade globally. GJEPC established in 1966 by the Government of India, the Council promotes exports and supports the growth of the sector worldwide. He informed about the gems and jewellery exhibitions being held India and abroad. He invited participants to visit India in such exhibitions and also informed that they are planning to visit east Europe soon. Ambassador of India highlighted India’s position as a reliable global hub for high-quality gems and jewellery, backed by a skilled workforce, robust supply chains, and strong institutional support. Romanian companies were encouraged to explore opportunities for collaboration in sourcing, design partnerships, and distribution. Ambassador highlighted the milestone India achieved by signing the FTA-EU agreement which is called the ‘’mother of all trade deals’’.
During the interactive sessions, Romanian participants expressed particular interest in importing gold and silver jewelry, artificial jewelry, and customized designs catering to local consumer preferences. The Embassy of India reaffirmed its commitment to strengthening India-Romania economic and commercial relations, with gems and jewelry identified as a key sector of mutual interest.
The event concluded with a vote of thanks from the Embassy, appreciating the participation of Indian and Romanian companies and the support extended by GJEPC. The B2B meeting marked a successful step toward deeper trade collaboration, with follow-up interactions and virtual engagements planned to convert business discussions into tangible outcomes.
(Based on a Press Release issued by the Embassy of India in Bucharest)
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