Kamal Nath to visit Poland to boost bilateral eco ties

London, May 17: Aiming to boost bilateral economic cooperation, Union Minister for Commerce Kamal Nath will pay an official visit to Poland from today, the first visit by an Indian Cabinet Minister since 2000.

During his four-day visit, Kamal Nath will meet with Polish dignitaries including the Economy Minister and the Prime Minister.

He will attend a luncheon meeting with the Polish and Indian CEOs and deliver a lecture on "India - An Emerging Economic Power" at the Warsaw School of Economics.

Trade and economic relations between India and Poland have been expanding at a rapid pace.

In the last five years, bilateral trade more than doubled from 251.20 million US dollars in 2001 to 564.83 million US dollars in 2005, an Indian Embassy release from Warsaw said.

There has been an increasing presence of Indian investors in Poland in fields as diverse as steel, tractors, pharmaceuticals, information technology, electronics, food processing and health services.

During the course of 2005 itself, major Indian companies signed several agreements on investments which are expected to create more than 3,500 new jobs in Poland.

The new Indo-Polish agreement on economic cooperation will lead to setting up of a revamped joint commission on trade, economic, scientific and technological cooperation.

The first meeting of this commission is expected to take place in the second half of this year during the visit of the Polish Economy Minister Piotr Wozniak to India.
Source:ZEENEWS.COM