 "Poland plans investments in food processing, green energy in India")
Polish companies are keen to expand collaboration and invest in clean mining technologies, food processing and green energy projects in India.
“Both Indian and Polish governments are focusing on economic development and there are many areas of cooperation including green energy, water treatment among others.
There was a meeting between executives from Polish mining industry and coal industry officials from India as a part of the Make in India event," Poland’s Deputy Prime Minister, Piotr Glinski, said today.
Among other areas for collaboration are aerospace and Polish companies are exploring investment opportunities in India, Poland’s ambassador Tomasz Lukaszuk said. The country has also expressed interest to export apples to India after Russia banned imports of farm products from the European Union (EU). The country is one of largest exporters of apples.
Currently, there are about thirty Polish companies operating in India and recent investments in India were in area of electric buses and waste to electricity generation. Polish personal hygiene company TZMO, which is present in India since 2002, is also looking to expand its presence in the country.
At present, trade between India and Poland is $2.3 billion and the plan is to increase it to $5 billion in five years.