Kolkata April 23 (IANS) The bilateral trade between India and Poland has crossed $ 3 billion in 2017 and the European country is exploring various sectors to improve the trade balance the Polish envoy to India said here on Monday.
"The bilateral trade volume crossed $3 billion mark in 2017 and it is around $3.1 billion. Of the total trade India s export to Poland was $2.3 billion while polish export to India stood at $800 million. It has been a good achievement. Still there is imbalance and we are trying to reduce this (imbalance) and exploring all possible sectors " said Polish Ambassador Adam Burakowski.
However both the countries had drawn up a blueprint for stepping up investments and identified a series of actions to raise trade from the 2014 level of $2.3 billion to $5 billion by 2018 he said adding that India is one of the five priority countries in Responsible Development Strategy of Poland.
Possible areas for India-Polish joint venture include energy including clean technologies mining food and food processing defence and R&D.
India and Poland have common goals in the energy sector as both countries rely on coal as their main source of energy and a possible platform for India-Polish cooperation includes clean coal technologies and low emission technologies Burakowski said at an interactive session organised by Merchants Chamber of Commerce.
On West Bengal he said a delegation from the state is expected in the European Economic Congress to be held at Poland s Katowice on May 14-16 and a panel discussion would also be organised relating to the eastern European country and the eastern Indian state.
As a follow up to the Polish delegation s participation in the Bengal Global Business Summit (BGBS) his country has formed a small working group with senior officials from different ministries including energy to find out more he added.
--IANS
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