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India eyes Poland as springboard to enter EU markets
India is displaying its economic prowess at an expo in Warsaw as it eyes Poland as a springboard to enter European Union markets.
India is displaying its economic prowess at an expo in Warsaw as it eyes Poland as a springboard to enter European Union markets.
"Poland is an interesting country for India because it is now an EU member and a springboard as well as entry point for the larger combined EU market," Indian ambassador to Poland Anil Wadhwa said inaugurating a three-day Indian multi product exhibition in Warsaw earlier this week.
He said that India is interested in investments in the ferrous as well as non-ferrous sectors, as well as automotive components and parts, textiles and pharmaceuticals.
Traditional Indian export items including handicrafts, jewellery, textiles, leather along with IT, pharmaceuticals, steel and chemical products are being displayed at the Indian exhibition entitled "India initiative 2005" at the historical Palace of Culture in Warsaw, an embassy release said.
Four state governments - Karnataka, Maharashtra, Madhya Pradesh and Gujarat are sponsoring their companies at the exhibition, co-ordinated by the All India Association of Industries in cooperation with the Indian embassy.
The exhibition also includes display of traditional Indian crafts like tie and dying, carpet weaving, Khadi spinning and embroidery, it said. (More)
"The significance of this event is that for the first time ever, we have more than 150 Indian businessmen and companies participating in an exclusive Indian exhibition in Poland," Wadhwa said.
"India Initiative 2005" is a reflection of the fast changing scenario in Indo-Polish bilateral trade and investments as two countries recently celebrated golden jubilee of their diplomatic relations, the release said.
"Last year we generated the best results since 1990s - over USD 400 million in bilateral trade," Wadhwa said.
The USD 400 million mark denotes a 30 per cent growth in bilateral trade and a 40 per cent growth of India's exports to Poland.
In the first quarter of 2005, bilateral trade has continued to grow at a rate of 30 per cent.
Indo-Polish trade is set to receive a further boost in October, when LOT (Polish Airlines) will resume three flights a week to New Delhi from Warsaw.
After the closing of exhibition many Indian businessmen will travel to the twin cities of Gdansk and Gdynia for business seminars, it added.
