SME Times is powered by   
Search News
Just in:   • Software industry to see strong revenue growth: PwC  • ICRA Q4 net profit rises 22 percent  • RIL-BP discovers large natural gas in KG-D6  • Jet Airway's shareholders approve Etihad deal  • Russia plans four spacecraft launches in 2014 
Last updated: 24 Sep, 2012  

Gujarat Map THMB Polish businesses seek ventures in Gujarat's 'vibrant economy'

Gujarat Map
   Top Stories
» 'Changes in MDA scheme will benefit MSME exporters'
» 'BSE SME exchange likely to list 75 cos by this fiscal'
» PM says high fiscal deficit affecting corporate debt market
» Gems, jewellery exports grow 33 pc to $3.38 bn in April
» ASSOCHAM calls for comprehensive port development strategy
Surender Bhutani | 24 Sep, 2012

Poland is keen to scale up trade and investment with India, especially in Gujarat where it intends to set up joint ventures in renewable energy. And, by the middle of next year, Polish airline LOT will start flying directly to New Delhi.

"We are very much interested to set up joint ventures in Gujarat, particularly in the sector of renewable sources of energy," said Miecyslaw Kasprzak, secretary of state in the Polish ministry of economy.

"To us in Poland, the vibrant economy of Gujarat is an example which we should sincerely emulate," he said, adding that a Polish delegation would attend the sixth "Vibrant Gujarat" global investment summit in January 2013.

"It will be our honest commitment to cooperate with the Gujarat state in many areas," Kasprzak told a visiting business delegation led by B.B. Swain, vice chairman of the Gujarat Industrial Development Corporation (GIDC).

During its four-day stay, the delegation interacted with the Polish Chamber of Commerce.

It also signed a Memorandum of Understanding (MOU) with the Indo-Polish Chamber of Commerce and Industry (IPCCI) based here. As per the MOU, IPCCI will be the sole representative to promote Gujarat in Poland.

"Time has come for many more Indian states to send their delegations to Poland. Since joining the European Union, Poland has become a bridge between Eastern and Western Europe," said IPCCI president J.J. Singh.

"More than 800 billion dollars have been invested in Poland in the last decade and India has only 2 billion dollars trade annually with Poland. Since India and Poland have historically been friendly, it is high time that Indian businessmen should look towards Poland."

Singh said there are ample opportunities to increase two-way trade and the direct flight from Warsaw to Delhi would facilitate it further.

Poland is already India's largest trading partner in Central Europe. The major Polish companies operating in India include Torunskie Zaklady Materialow Opatrunkowych (TZMO) with Bella India in Dindigul for hygiene products and Can-Pack Poland in Aurangabad for metal packaging.

The Indian companies that have invested in Poland include Tata Consultancy Services, Reliance Industries, Videocon, Escorts, Strides Arcolab and Essel Propack.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
55.30
54.35
UK Pound
84.50
82.50
Euro
71.80
70.00
Japanese Yen 54.40 53.00
As on 26 May, 2013
  Daily Poll
Do you think banks will lower lending rates after recent RBI rate cut?
 Yes
 No
 Can't say
  Commented Stories
» Why SMEs fail - keep your eyes open(36)
» MSME schemes - Do you know all of them?(5)
» Banks need to speed up MSME loans under PMEGP: Govt(2)
» PMEGP to assist entrepreneurs financially: Dinesh Rai(1)
» Starting an import export business: Basic guide for beginners(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter