Poland eyes trade opportunities in UP
POLAND IS eyeing Uttar Pradesh as a major manufacturing hub in north India for technology transfer opportunities across industry sectors.india Updated: Jun 09, 2006 01:11 IST
POLAND IS eyeing Uttar Pradesh as a major manufacturing hub in north India for technology transfer opportunities across industry sectors.
“The presence of a large number of small and medium enterprises in Uttar Pradesh offers tremendous scope for not only technology transfer arrangements between Polish and Indian entrepreneurs, but also provides ample scope for trade opportunities between the two countries”, Wlodzimierz Madziar, second secretary, Embassy of the Republic of Poland in India (Division of Trade & Investment Promotion) told Hindustan Times.
Madziar was in Lucknow to attend a seminar on ‘Indo-Polish Trade Promotion’ organised by the Associated Chambers of Commerce & Industry (ASOCHAM), UP, on Thursday.
“Poland’s manufacturing strength lies in diverse sectors such as food processing, meat processing, automotive parts, defence equipment and aviation. We would like to invite UP entrepreneurs to set up manufacturing bases not only in Poland but also in other parts of the European Union”, he said.
Madziar said that the Polish Embassy in India had been convincing Polish entrepreneurs back home to take advantage of the booming Indian economy and set up manufacturing bases in India.
“Uttar Pradesh has a large agricultural base and the Polish entrepreneurs could explore export opportunities for farm equipment in the State. There is ample scope for even exporting automotive parts to Indian manufacturers from Poland at competitive prices as the global automotive market is dominated by multinational players in most countries”, he said.
Another major advantage for UP entrepreneurs to export a wide variety of products to Poland was the stability of Euro in the global currency markets, Madziar said.
The major advantage for UP’s exporters in the European Union was a common customs tariff and commercial policy in all 25 member states. Besides, there was no requirement of customs clearance for transferring goods from Poland to other member states of the European Union, he added.