India and Poland have discussed possible ways to boost economic ties besides aiming to more than double the bilateral trade to USD 5 billion by 2018 from USD 2.3 billion last year. The countries have discussed the ways during the meeting of Joint Commission on Economic Cooperation in Warsaw. The meeting was co-chaired by Secretary in the Department of Industrial Policy and Promotion (DIPP) Amitabh Kant and Poland’s Secretary of State, Ministry of Economy, Jerzy Pietreiwicz.
Amitabh Kant invited Polish investors and asked them to look at programmes like Make in India and smart cities. He added that India has become one of the most open economies in the world and it has relaxed FDI policy norms in sectors such as,
- Defence
- Infrastructure
- Railways.
Kant stressed that Indian Government has created an enabling environment for foreign investors and was committed to providing hand-holding facilities to them.
The three co-chairs of the newly created Joint Working Groups on,
1. In coal and steel sector – both sides have drawn a road map to strengthen cooperation in areas such as thick seam underground coal mining, developing clean coal technologies..etc.
2. In the food processing sector – Cooperation in market access, food processing technologies and research and development between scientific institutions.
3. In the IT and ICT sector – Development and support; R&D and innovation in cloud computing; big data analysis; cyber-security, data protection..etc.
Tidbits
- Capital of Poland is Warsaw.
- Polish złoty is the currency of Poland.
- It is 71st largest country in the world and the 9th largest in Europe.
- Bronisław Komorowski is the current President of Poland.
