India, Poland eye doubling bilateral trade

At the invitation of the Prime Narendra Modi, the Prime Minister of the Republic of Poland Donald Tusk, paid an official visit to India from 21-23 October. Tusk was accompanied by a high-level delegation, including around 100 leading CEOs and industry representatives.

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Both leaders set the target of doubling bilateral trade by 2030.

Modi invited Polish companies to expand their investments and operations in India and to benefit from India’s large market, skilled workforce and growing manufacturing and innovation ecosystem.

Tusk appreciated Indian investment in Poland and highlighted Poland’s strength as a gateway for Indian businesses seeking to expand their presence in Central and Eastern Europe and the wider European market.

Both sides agreed to expand cooperation in agriculture by resuming the activities of the bilateral working group, aimed at intensifying bilateral trade and cooperation.

Leaders welcomed the India-Poland Business Forum held during the visit with the presence of leading CEOs and industry representatives from both countries. They encouraged businesses to explore partnerships in sectors including industrial machinery, defence, infrastructure, pharmaceuticals, mining and critical minerals, energy, ICT and other areas of mutual interest.

They underscored the importance of resilient and diversified supply chains, promotion of medium and small enterprises, innovation-led growth and digital transformation.

Acknowledging the India-EU Comprehensive Strategic Agenda, both leaders also agreed to undertake collaborative research on AI, semiconductors and Quantum technologies as well as to enhance Startup partnerships. They agreed to encourage closer cooperation between enterprises, research institutions and innovation ecosystems in both countries.

Both sides reaffirmed their commitment to strengthening defence and security cooperation.

Both leaders recognised cooperation in the space sector as a key element of the Strategic Partnership and encouraged stronger institutional and industry-level engagement.

They highlighted opportunities of close cooperation on semiconductors.

The Prime Ministers emphasised the potential for collaboration in circular economy and recovery industry, particularly focusing on recycling of batteries and refining of rare earth minerals.

They underlined opportunities for closer cooperation in geology, mining and critical minerals sector. An MoU in this regard is under negotiation, according to a statement.

Both sides welcomed the prospects of exploring the opportunities for enhancing direct flights on the routes between Poland and India. They encouraged the civil aviation/ aeronautical authorities to hold direct talks as a symbol of strengthening bilateral relations.

Co-operation in shipping industry as well as in maritime security was also discussed.

Leaders reaffirmed their shared commitment to further deepen and diversify the India-Poland Strategic Partnership and to ensure effective implementation of the Action Plan (2024-2028) through regular high-level engagement and strengthened institutional cooperation.

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