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MoC to raise trade & investment relations with Poland

28
May '08
Shri Ajay Shankar, Secretary, Department of Industrial Policy and Promotion, co-chaired the First Session of the Indo-Polish Commission on Economic Cooperation along with Mr. Adam Szenjfeld, Secretary of State, Ministry of Economy, Republic of Poland.

Speaking on the occasion, Shri Ajay Shankar informed the Polish side about the positive investment climate in India as also the investment opportunities in various sectors.

A Protocol was signed by Shri Ajay Shankar and Mr. Adam Szenjfeld underlying to resolve to cooperate in several spheres of mutual interest.

It was decided that both sides would facilitate exchange of business delegations and interactions besides participation in trade fairs and international exhibitions in order to help create a mutually beneficial partnership, particularly in automobiles, automotive components, healthcare, pharmaceuticals, coal, food processing, non-conventional energy, electrical equipments etc. Cooperation was also sought in the field of IT and e-Governance.

Wide range of issues including bilateral trade and investments and cooperation in industrial and scientific fields between the two countries were taken up during the session.

It was emphasized that the level of economic engagement between the two countries, in terms of trade and investment relations, should increase.

India's export to Poland was US$ 306.02 million in 2006-07 while its import was US$ 117.11 million. India has received FDI of US $ 2.00 million from Poland so far.


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