Poland today sought to woo Indian entrepreneurs to set up their manufacturing facilities offering support and presenting itself as a gateway for tapping the European Union.
Tomasz Lukaszuk, Ambassador of Poland, said, “The Polish economy has been one of the most resilient over the past two decades. It was the only economy to withstand the 2007 EU crisis. It has registered consistent growth over the last two decades and registered a GDP growth of 3.3 per cent during 2014.”
While the bilateral trade between India and Poland is loaded in favour of India with €1,282 million against €413 million for Poland, there is huge potential to boost the trade between the two countries.
Speaking at a meeting hosted by FICCI, he said there is potential to partner with Indian companies in the areas of manufacturing, coal mining, food processing and research and development.
As a largest producer of coking coal in EU, Poland sees itself as a country that can share its expertise in coal mining with Telangana and possibly other states too.
Referring to the food processing sector potential, he said, “As one of the largest producers of milk and dairy products and a leading player in agri-food processing, there is potential for a number of collaborations in upstream and downstream agri-food value chain.”
FICCI is hosting the second India-Central Europe Business Forum (ICEBF) meeting in Bengaluru during October 5-6 with Poland as a country partner. The first one was held in New Delhi and the next one may possibly be in Hyderabad.
Devendra Surana, Co-Chairman, FICCI Telangana and Andhra Pradesh, said, “ICE now refers to India and Central Europe and collaborations between the two would be of immense help for sharing technologies and entering into partnerships.”
Over 130 companies from Central Europe, covering automotive, technology, renewable energy, food processing, are expected to take part in the meeting, he said.