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Having moved out of the Indian market nearly two decades back, Polish mining equipment and machinery makers are planning to re-enter, primarily through tie-ups with the domestic players.
According to Prof. Piotr Klodkowski, Ambassador of the Republic of Poland, two Polish deep well mining equipment and machinery supplier companies – Kopex and Famur – have already expressed willingness to enter the space.
With huge coal and shale gas reserves available in India, there was ample scope of co-operation between both Poland and India in these fields, he maintained.
“Kopex and Famur are willing to re-enter the deep well (underground) mining equipment and machinery segments,” Klodkowski told Business Line .
Other Sectors
According to him, Polish cosmetic major Inglot - which is into ladies coloured products - has also evinced interest in expanding operations in the country.
The company is likely to take a call on setting up a factory here in India.
“A likely decision is expected to be taken towards the end of this year. Whether they will be tying up with local partners or not is a decision that has to be taken by their management,” he added.
Apart from Inglot, another Polish consumer goods maker Torunskie Zaklady Materialow Opatrunkowych (TZMO) is also eyeing investments in India. TZMO through its “Bella” brand is into hygiene products for ladies.
The company has already invested around $ 40 million (over Rs 200 crore at present exchange rates) in setting up its first plant in India.
“The company is eyeing a second plant in India at an estimated investment of $100 million (Rs 530 crore). A decision in this regard might be taken around October,” Klodkowski said.
According to the Ambassador, Poland was also eyeing tie-ups in the food processing sector.
Films
The two nations, Klodkowski added, are also planning to promote tourism through films. The countries will sign an audio-visual co-production agreement.
Films produced under the agreement will be treated as national films in both countries — a co-produced film will be treated the same as a domestically produced movie in each of the co-producing countries.
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