New Delhi: Bilateral trade between India and Poland has the potential to reach up to USD 10 billion in near future from USD 2 billion at present, according to a top Polish official.
"Considering a growth of 16 percent in Indo-Polish trade over the last year, it could potentially grow from the current level of USD 2 billion to USD 5 to 10 billion in near future," Deputy Prime Minister of Poland, Janusz Piechociski told Steel and Mines Minister Narendra Singh Tomar on the sidelines of Vibrant Gujarat summit, an official statement said.
Hailing the historical alliance between India and Poland, Piechociski appreciated the role played by Indo-Poland Joint Business Council in promoting partnership between the two countries and informed the Indian delegation about the ?Go India? policy of Poland, it said.
Apprising the delegation of advancements made by Poland in the areas of coke making, mining, geology, health and safety, he "invited Indian counterpart to explore collaboration in R&D, training, skill development, development of new mines etc," the statement said.
He further suggested exploring synergies in nuclear energy and mining education and propounded the idea of creating an Indo-Polish working group comprising CEOs of leading businesses on both sides.
The statement said Tomar, leading a high level delegation of Indian mining and steel representatives, discussed areas of mutual collaboration, particularly in the mining sector, to further trade ties between the two countries.
"Addressing the Polish delegation, Tomar emphasised the focus of Indian government in transforming India as a pulsating investment ground. He expressed openness to amend the governing policy framework in order to enable speedier decision making, and to foster ease of doing business in the subcontinent," the statement said.
Appreciating the expertise of Poland in underground mining and coal technologies, the Minister stated that Indian steel and mines PSUs like SAIL, NMDC, MECON and GSI would explore possibilities to forge partnership wherever feasible.
