Poland to explore FDI opportunities in agri, power sectors

Poland is keen to have a strong business relationship with India and will explore the possibility of foreign direct investment in agriculture, power and mining in multiple Indian states, Tomasz Lukaszuk, Ambassador of Poland, said today.
Stating this here today, Lukaszuk also said Poland is keen on expanding and deepening economic ties with India and wants to be part of 'Make in India' mission.
"Trade volume between India and Poland has been growing steadily and it now stands at USD 2 billion. We want it to reach up to USD 20 billion in the next few years," the Ambassador, who visited PHD Chamber of Commerce and Industry here today as part of the continuing efforts to increase bilateral trade and investments between Poland and India, said.

India is perceived in Poland as one of the most important non-European economic partners, said the ambassador, according to a PHDCCI release.
"It is an attractive gateway to the EU and CIS markets. Poland is already India's largest trading partner in Central Europe, with trade between India and Poland witnessing an encouraging trend in recent years," he said.
He also stated that the potential areas of cooperation between India and Poland lie in energy, oil and gas, mining, and food processing besides other areas.

Technology innovation and technology transfer are the other areas of potential cooperation between the two countries, he pointed out.

Notably, India imports iron, cast iron, steel, copper and products made of these, machines and machine equipment, chemical products from Poland while Poland imports products like fabric and textiles, shoes, chemical products, mechanical and electric equipment, electronics, computer software and cars' parts and accessories from India.
Meanwhile, the Ambassador said that there is a lot of scope for trade and investment with Punjab and Haryana.
"The Republic of Poland looks forward to partner strategically with Punjab and Haryana in food processing and renewable energy sectors," he said.