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    Poland exploring expansion of trade ties with India

    Synopsis

    India is working on offering coal mining blocks to the private sector for commercial exploitation, which is currently a monopoly with Coal India.

    india-polandAgencies
    Many Polish companies are exploring opportunities beyond Europe and India is an lucrative option, the minister said.
    Poland will explore possibilties of commercial coal mining, defence and agricultural products for Indian market to expand partnership and is hoping to host PM Narendra Modi in future.

    "There is strong demand to look at India with more interest by Polish companies. Areas of interest include agro-products, defence and coal mining," Deputy Minister of Foreign Affairs of Poland Marek Magierowski told ET on the sidelines of third edition of Raisina Dialogue that concluded here on Thursday.

    India is working on offering coal mining blocks to the private sector for commercial exploitation, which is currently a monopoly with Coal India.

    Polish technology and machinery have been used by the Indian mining sector extensively. Many Polish companies are exploring opportunities beyond Europe and India is an lucrative option, the Minister said, adding similarly Indian investments are welcome in Poland with a growing middle class and their growing aspirations.

    The Minister also hoped that the Indian PM visits Poland to give push to political ties. "The last PM level visit to Poland happened way back in 1979. It was only recently that Indian Vice President was in Warsaw."

    A high level Polish delegation led by the Minister also attended Bengal Global Business Summit (BGBS) in Kolkata earlier this week.

    Magierowski said the country is also keen on exploring opportunities in food processing and defence sector besides mining and energy. Poland has manufacturing facility of military transport planes.

    Poland and Indian food technology institutes for technology transfer has already taken place.


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