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11 January 2017

20 Polish companies fighting for contracts in India

More than 20 companies and Polish government delegation headed by deputy prime minister Piotr Gliński and deputy minister of development Tadeusz Kościński are visiting India. Together with the PAIiIZ deputy president Krzysztof Senger, they all encourage Indian business to cooperate with Poland, during Vibrant Gujarat Summit 2017. Poland is one of the strategic partners of this prestigious event. At a venue, the country’s economic potential is promoted there in the Polish Pavilion.

For Polish companies, India is not a new market, especially when it comes to investments. This is the third after the US and Canada non-European country, in which Polish business invests the most. According to the latest data of the National Bank of Poland, the total value of Polish foreign direct investment in India reaches $235m. The biggest investors of Polish origin in India include: TZMO Group S.A. (Toruńskie Zakłady Materiałów Opatrunkowych) that is the owner of the award-winning for CSR activities Bella India, or pharmaceutical giant Bioton. Polish companies also look for new investment opportunities with the reforms including the development of Make in India progamme promoting the inflow of investment to India that have been provided by prime minister Narendra Modi. In several sectors, including defense, banking and construction, Modi introduces facilitations for business activity. Since Autumn 2014, when the programme was launched, India recorded a 39% increase in foreign direct investment. Polish exporters may also benefit from the ongoing economic revival and growing domestic demand, and as consequence  improve the trader balance with India which in case of Poland is in deficit.

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Gathering 10,000 representatives of businesses and governments from more than 100 countries Vibrant Gujarat Summit 2017 is an opportunity to show the full spectrum of Polish economy. This one of the largest business events in India is accompanied by trade show, where Polish offer is presented at national stand that covers the area of 100m2. During the event, Polish companies as dairy producers Mlekovita or Bakoma or leading cosmetic manufacturer INGLOT are seeking for new contacts. Also PZL Mielec attracts the attention of the audience with a presentation of the Bryza aircraft that is expected to be exported to India.

The offer of Poland as an attractive investment destination for Indian companies was presented by the deputy president of PAIiIZ, Krzysztof Senger, on 10 January at Vibrant Gujarat Summit 2017 during a panel dedicated to Poland. “Our country is particularly interesting for Indian investors that operate in high-tech sectors, as well as packaging and metal industries. Since 2000, Polish Information and Foreign Investment Agency, has supported the implementation of 16 FDI projects from India, 10 of which were represented the BSS/BPO sector. Currently, the Agency is working on the implementation of next 4 projects”, Senger recalled during the event.

Representation of Polish businesses also took part in B2B talks with Indian counterparts that were held on the same day at the Polish Evening. The business delegation also accompanies the representatives of the Polish government in their visit in New Delhi. The Mission to India ends on 14 January. (PAIiIZ)

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