Polish PM to address India Inc in Bangalore Monday

BANGALORE - Polish Prime Minister Donald Tusk will address India Inc in this tech hub Monday and showcase investment opportunities in his country to prospective investors.

“Tusk will address captains of the Indian industry at the Polish-Indian Investment Forum here and woo investments from Indian business houses,” a member of the Confederation of Indian Industry (CII) told IANS late Sunday.

Tusk is also leading a large official-cum-trade delegation on his first three-day state visit to India as a non-Communist Polish prime minister.

The Polish Information and Foreign Investment Agency and the CII have organized the interactive business session to encourage Indian investment in the largest East European nation.

Ever since Poland joined the European Union in 2004, it received considerable attention from the Indian business community, as evident from the trade increasing five-fold to $1 billion in 2009 from $200 million in 2004 between the two countries.

Indian IT bellwethers TCS, Infosys and Wipro have set up their European headquarters in Poland.

The democratic set-up and free economy make Poland a desired business destination.

Indian-born Laxmi Mittal owns 70 percent of steel production in Poland under his Arcellor-Mittal group of firms.

Cheap Polish technical manpower and good connectivity to other European cities from Poland are major factors for Indian exporters.

According to Indo-Polish Chamber of Commerce and Industry president J.J. Singh, business climate in Poland is very conducive for Indians to flourish.

“Indians are well regarded in Poland. Their hard work and their culture background have appealed to the Poles tremendously,” Singh told IANS.

Tusk will leave for New Delhi late Monday for his official engagements with the Indian government Tuesday.