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Poland to Strengthen Commercial Ties with India

Feb 15, 2016

MUMBAI, INDIA - Mr. Stawomir Majman, President, Polish Investment Agency, Poland, led a business delegation to explore trade and investment opportunity in India, especially in Maharashtra. World Trade Centre Mumbai and All India Association of Industries (AIAI) jointly organized an interactive meeting titled 'Doing Business with Poland' with the delegation members on February 13, 2016.

The members of the delegation included Mr. Marek Kioczko, Vice President, Director General, Polish Chamber of Commerce, Mr. Michal Portalewski, Board Advisor, Airon Green Energy Turbines, Ms. Magdalena Panasiuk-Krasinska representing the Polish firm SuperDrob. The delegation also comprised of business leaders from food processing, furniture, poultry, chemicals, tractors and mining equipments sector in Poland.

Mr. Majman, in his keynote address, said Poland is a strong economy in the European Union and it is getting stronger with every passing year. Polish business leaders are looking for partners in India, which holds the future of global economy. There is huge scope for collaboration between both the countries in the areas of mining, food processing, steel, shipbuilding, information technology (IT) and ITES.

Mr. Majman invited Indian companies to invest in Poland by observing that his country is the future of Europe and it offers a safe and attractive investment climate for Indian companies. Indian investment in Poland rose seven times in the last five years. However, there is more opportunity for Indian companies to explore in the Polish economy.

Mr. Kioczko provided an overview of the economy of Poland. Polish economy grows at 3.6% annually and the country has an inflation rate of -0.5% (as of December 2015).

Mr. Portalewski informed that his organization offers cutting edge technologies in wind turbines, water turbines and solar energy sectors. His organization is keenly looking for appropriate business partners in India which offers huge investment potential for foreign wind energy companies. He informed that India is the third largest market for wind energy technologies.

Ms. Panasiuk-Krasinska made a presentation on the poultry sector in Poland. She said the poultry sector in Poland is dynamic, highly efficient and also open for development. Poultry export from Poland is growing at a rate of 10-12% annually and it is the 3rd largest exporter in the European Union after France and Holland.

Mr. Vijay Kalantri, Vice Chairman, World Trade Centre Mumbai, in his welcome remarks, said India and Poland enjoy strong economic and political relationship. The present level of bilateral trade between India and Poland is US$1.6 billion and there is considerable scope to enhance the same.

Capt. Somesh Batra, Vice Chairman, World Trade Centre Mumbai thanked the Polish delegation for visiting India and expressed hope that the delegation members would find fruitful partnerships with their counterparts in India.

PHOTO: Mr. Slawomir Majman, President, Polish Investment Agency (right) being felicitated by Mr. Vijay Kalantri, Vice Chairman, World Trade Centre Mumbai during an interactive meeting on 'Doing Business with Poland' at WTC Mumbai.

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