To leverage the vast potential of the Indian population engaged in handicrafts, home furnishings, textiles, and other handmade items, as well as Micro, Small, and Medium Enterprises (MSMEs), and for this it is imperative to intensify individual participation efforts. To strengthen economic integration, enhance connectivity, and foster innovation are crucial elements in establishing the region as a global economic powerhouse.
With this objective in mind, the Indo-Romanian Council has been established to directly promote manufacturers in India and Europe through advertising, showcasing, retail sales, and the comprehensive display of their products. The council aims to provide a clear pathway to the European market for Indian producers and Indian markets for European producers, simplifying the process to an extent comparable to a straightforward retail sale. It will play a pivotal role as the foundation for its members to enter each other’s market with confidence, ensuring a mutually beneficial outcome. Importantly, this concept has been developed solely to assist and support all manufacturers in India and Europe to comply with export
requirement of the countries in Europe and India.
Brexit ("British exit") was the withdrawal of the United Kingdom (UK) from the European Union on 31 January 2020.The U.K is the only sovereign country to have left the European Union. With this withdrawal the supply of Indian products in the European community has become scarce and difficult as U.K. was playing the role of a bridge for Indian products to the European states.
Indian Connections with Europe - The war in Ukraine has given India a rare political incentive to recalibrate its European Strategy. Since the 2nd half of the 20th century, Delhi has unfortunately seen Europe through the Russian eyes. Correcting that historical error has been long overdue. This does not, however, mean that Delhi should start viewing Russia through the European eyes today. For India, it is not a question of taking sides between Russia and Europe on Ukraine. What Delhi needs is an integrated view of European Security in general and business I particular.
LEADERS ARE MADE NOT BORN AND THE BASIC OBJECTIVE OF THE COUNCIL IS TO MAKE LEADERS IN THE FIELD OF EXPORTS AND THAT ALL MANUFACTURERS TO BE EXPORT COMPLIANT.
Sooner than later, Ukraine, Russia and the West will begin formal exploration of the possibilities for a negotiated settlement. What Delhi needs is an integrated view of European Business and security. China is already positioning itself for such an eventuality with its so-called peace plan for Ukraine. India, which has big stakes in European peace, could be equally valuable, if not better, interlocutor between the West and Russia. India presently is well placed to reverse India’s long standing passivity on Europe. The near term necessity for working with Europe on the Ukraine question ought to be complemented by the long term imperative of deeper engagement with European institutions, be it security but also business.
The question is how companies can diversify their projects and funding into unfamiliar sectors and terrain. Accessing remote locations, identifying the needs of local communities and trusted implementation partners are challenges. Grassroots non – profit organisations often lack the means to showcase their impact on national platforms, resulting in an information gap with funders. This council will look for a shift in the ecosystem for a more equitable distribution of CSR (Corporate Social Responsibility). It will look for funding to promote artisans and cottage industries from the entire country to be able to look up to being exporters in their own right and not through middleman/merchant exporters. Equitable distribution and promotion of handicrafts & products produced in village / remote areas in the country, is a very important social issue the Council has endeavored to work on. In the Indian context the strategy of development must also include a provision for basic income, reducing inequality and poverty within a framework. We as a council would be looking for independent partnerships with the corporate identities while providing accountability to the funders. We believe that corporations that wish to be true national partners in realizing environmental and social goals should aim to establish trusted partnerships with more diverse set of non -profit organizations like ourselves. It was somewhere in the year 1991 that India broke with its past and moved to a more market oriented economy. Several countries – most notably South Korea earlier and China more recently achieved high growth over several decades of focusing on exports. This export led growth strategy may not work for India, particularly in the context of changed global trade situation but having said that, only an exponential increase in exports will lead the way for increase in per capita income. Though India is today the 5th largest economy but in per capita terms it is ranked 149 out of 194 countries. Though we have a long way to go but we also have the potential. A growth of 6 to 7 percent continuously is required and is possible if the strategy is correct and if we can create an appropriate investment climate.
IRC- INDO ROMANIAN COUNCIL, CENTER OF EXTERNAL RELATIONS IS A BOLD STEP IN THIS DIRECTION.