India and Poland set trade target of 5 billion US dollars by 2018

Jun 17, 2015 09:00 IST

India and Poland set trade target of 5 billion US dollars by 2018. The decision was taken on 15 June 2015 at the fourth session of the bilateral Joint Commission on Economic Cooperation, held in Warsaw, capital city of Poland.

The commission also identified a series of actions to raise trade from the 2014 level of 2.3 billion US dollars to 5 billion US dollars by the year 2018.

The meeting of the commission was co-chaired by Amitabh Kant, Secretary, Department of Industrial Policy and Promotion (DIPP) and Jerzy Pietreiwicz, Secretary of State, Ministry of Economy of Poland.

On the sidelines of the commission meeting, the three co-chairs of the newly created Joint Working Groups on Coal, Information Technology and Food Processing held their first meetings and presented the outcomes to the commission.

In the coal and steel sector, both sides have drawn a roadmap to strengthen cooperation in areas such as thick seam underground coal mining, exploitation of highly gassy seams, developing clean coal technologies and transfer of technologies in deep coal mining from Poland to India.

In the IT sector, both the countries have identified areas to strengthen cooperation in entrepreneurship development and support; research and development and innovation in cloud computing; big data analysis; cyber-security, data protection, smart cities projects and accreditation of each other's courses.

In the food processing sector, experts discussed market access, food processing technologies and research and development between scientific institutions. Poland showed interest in exporting the latest food processing machinery and technology to India.

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