Polish economic mission visits India

Polish deputy PM and minister of culture and national heritage Piortr Gliński visits Mumbai as a member of a Polish economic mission to India.

The minister is accompanied by deputy development minister Radosław Domagalski as well as numerous Polish entrepreneurs and business organizations willing to tighten economic bonds with one of the Asia’s fastest-growing economies.

Polish delegation met with India’s Prime Minister Narendra Modi well as Indian trade and finance ministers, local authorities, and business representatives.

The main point of the visit is participation in the Make in India Week event in Mumbai. The international economic forum held in the country’s biggest city gives a great opportunity to meet prospective business partners and learn more about investing in India.

Poland is eager to increase its investment in India. Presently, the trade exchange with the Asian country reaches 2 billion dollars a year. Ajay Basaria, Indian ambassador to Poland, revealed that the countries hope to raise this number to 5 billion USD by 2018.

Deputy Prime Minister Gliński, who called Mumbai “Asian Davos”, expressed strong belief that the cooperation will be beneficial for both countries.

Among the companies sending their representatives to India are Ursus and TZMO.

The former is a leading manufacturer of tractors and other agricultural machinery with 100-year history in Poland. The latter is one of Poland’s biggest hygienic products producer that is already present in the Indian market under the name of “Bella India Healthcare”.

Polish business hopes to get involved in investment in steel industry and mining. The technology we may offer India is not as expensive as the one from Western Europe, but still presents good quality. This combination is attractive to the South Asian country that is going through a period of intensive investment.

The visit is to be followed by a separate mission of mining companies who are to participate in a trade event in Calcutta. Poles are interested in exporting mining technologies.

In April 2015 Polish Ministry of Economy initiated the Go India! programme the aim of which is to intensify Polish-Indian economic cooperation and facilitate doing business between the two countries.

The economic mission has been organized by the National Economic Chamber and Indo-Polish Chamber of Commerce and Industries (IPCCI) in cooperation with Polish Ministry of Development.

Indian economy is one of the largest in the continent and is currently expanding at a whopping rate of 7.3%.