India to showcase engineering prowess in Poland.

KOLKATA: Seeking newer pastures for the engineering exports in the wake of headwinds in the traditional markets, EEPC India will take a 100-member strong engineering manufacturers to participate in the ITM, Poland - a high tech Innovation and Technology show to be held in the East Central European nation between June 4-6, this year.

With the support from the Commerce Ministry, EEPC INDIA will be organising India Show at the ITM, Poland (Innovations, Technology, Machines), 2014 which will have participation of over 1000 global exhibitors from 30 countries.

While addressing a Seminar on "Doing Business with Poland", EEPC INDIA Chairman Mr Anupam Shah said that "at the India Show at Poznan, engineering manufacturers will showcase our hi-tech capabilities, especially in the areas of energy and transport sectors of railways, shipping and aviation- which are of special interest to the Polish economy".

The Seminar was held on the occasion of the visit of Ms Katarzyna Kacperczyk, Under Secretary of State, Ministry of Foreign Affairs of the Republic of Poland along with a high level delegation including HE Mr Piotr Klodkowski, Ambassador of Poland in India and Mr Andrzej Arendarski, President of the Polish Chamber of Commerce. The occasion was also graced by Mr Dammu Ravi, Jt Secretary, Dept of Commerce, Ministry of Commerce & Industry, Govt of India.

During the proceedings, Ms Kacperczyk underscored the need for increasing the mutual business engagement between India and Poland. The bilateral trade has been less than USD two billion, very much below the potential. "We can surely increase our exports of engineering goods, especially relating to the railways, shipping etc, the areas where Poland has shown quite a bit of strength, " Mr Shah said.

He said at the request of the the EEPC India (formerly known as the Engineering Export Promotion Council) the organizing authorities of ITM Poland 2014 have already agreed to invite India to the prestigious international innovation show as a '. 'Partner country.

The India Show within the ITM, Poland, is an initiative of Department of Commerce, to promote India's image and to provide a platform for Indian engineering industry to showcase its strength and capabilities in both emerging and developed markets. " The show is expected to build awareness about India's economic strengths and project its attractiveness as a preferred investment destination, as also to enhance our economic engagements with Poland".

While the Polish economy is one of the key economies of the European Union, the bilateral engagement with India is quite low. In the fiscal year 2012-13, India's total exports to Poland were $810 million, accounting for just 0.27 per cent of our total exports. Likewise, imports were $863 million, accounting for 0. 18 per cent of India's imports. This is despite the fact Poland is known as a regional economic power within East-Central Europe.

Since joining the EU in Poland has modernised its transport networks, for which the Indian engineering sector can contribute significantly.

Source : economictimes.indiatimes.com