Message from Ambassador
India is resolutely on the path to sustained economic growth. Our new Government, led by Prime Minister Narendra Modi, is committed to a pragmatic, incremental and unflinching approach to reforming the Indian economy and making it easier to invest and manufacture across India. According to a recent report in ‘The Economist, while other emerging markets may be slowing down, India ‘’can take wing and become the global economy’s high flyer’’.
India’s new Government came to power in May 2014, with a strong mandate for change, growth and jobs. Major economic reforms are on its agenda. Already, 14 regulatory systems have been merged into one to ease doing business. ‘’Plug and Play’’ in infrastructure investment and visa on arrival for 150 countries, will make it easier for global investors to land in India and find ready-to-go projects in our states. With dedicated infrastructure vehicles, a big boost to infrastructure is on the anvil. New flagships programmes like ‘’Make in India’’, Smart Cities, Digital India, Skill India, Sanitation (Swachh Bharat), Ganga rejuvenation and financial inclusion (PM Jan Dhan Yojana), present a bouquet of diverse opportunities for investors. Among the measures which have been announced are those aimed at a friendlier business environment in India: rationalizing restrictive labour, environmental and Foreign Direct Investment (FDI) norms; and setting up a fully functional single-window system for starting a business, which would allow entrepreneurs to get more than 100 central and state government clearances online.
Manufacturing sector reforms in India are as innovative as they are investor-friendly. The ‘’Make in India’’ program alone aims to transform India into a global manufacturing hub. A strong impetus has been given to ‘’industrial corridors, smart cities and clusters’’, to reinvigorate our infrastructure back-bone. The Delhi-Mumbai Industrial Corridor, Chennai-Bengaluru industrial corridor, East Coast economic corridor, Amritsar-Kolkata industrial corridor, North East Myanmar industrial corridor and Bangalore- Mumbai economic corridor projects will be game changers for the manufacturing sector in India. A new national manufacturing policy to elevate business sentiment and boost investment has been notified, with the ambition to raise the share of manufacturing in the GDP to 25% and to create 100 million jobs over a decade. National Investment and manufacturing zones have been conceived as large integrated industrial townships with state-of-the art infrastructure. These would be managed by Special Purpose Vehicles (SPVs), which would ensure master planning of the zones.
The world is responding to the buzz within India. The ‘’Make in India’’ programme has already grabbed significant mindshare of global companies. Thousands of business queries have been received by the newly created Investor Facilitation Cell through the ‘’Make in India’’’ portal, which has received over 15 million hits. FDI inflows have already doubled to a level of about US$ 4.5 billion in January 2015, the highest in 29 months and representing a 36% jump year-on-year. Investment proposals are pouring in from the US, Japan, China, Australia, and many other countries. Global businesses are dropping in; we see a jump in the number of private jet flights and occupancy of business class seats in aircraft landing in India.
We invite Polish companies to join us as partners in writing India’s new economic growth story. Already, Poland is India's largest trade and investment partner in Central Europe. Bilateral trade has surpassed US$ 2 billion. Indian investments in Poland amount to around US$ 3 billion. We see a strong strategic fit in the engagement between our two economies: between Polish technologies and Indian markets; between Make in India and Go-India; between Polish industriousness and India’s youthful markets; between Poland as a gateway for India to the EU, and India as a gateway for Poland into Asia. We see several areas of synergy: coal and mining, agriculture, food processing, textiles and garments, automobiles, environmental technologies, defence manufacturing, IT and ICT, e-economy and tourism. Besides, Polish companies have a trillion dollar opportunity in key infrastructure sectors like mining, ports, railways, thermal and renewable energy.
2014 was a landmark year in India-Poland relations as we celebrated 60 years of our diplomatic relations. The Embassy of India has a new building in Lazienki; there has been a huge surge in visits of trade delegations, technical experts, academics and artists. Poland was the focus country at the World Book Fair in New Delhi in February 2014 and India was a partner country at the Engineering Fair in Poznan in June 2014. We have seen strong economic initiatives in recent times: the visit of India’s Steel Minister along with a high-level delegation from the coal, steel and mining sectors in October, 2013; an India-Poland Energy Summit in New Delhi and in Kolkata in February, 2014; and Polish participation in the India-CEE Business Forum in association with FICCI in March, 2014, and India’s participation in the Poznan Engineering Fair in June, 2014 as a “partner country”. The January 2015 visit of a large business delegation from Poland and the meeting between the Deputy Prime Minister of Poland and Prime Minister Modi, on the side-lines of Vibrant Gujarat Summit, has only underscored the changing contours of modern-day diplomacy from a staid interaction to a more diverse, multifaceted, vibrant and business-focused engagement.
India’s participation as a partner country in the Hannover Messe in April 2015 throws up additional opportunities for Polish companies to partner Indian companies and engage with them in Europe. The joint inauguration of this event by our Prime Minister along with Chancellor Merkel signals India’s intention to engage strongly with companies within the EU. The Embassy of India in Warsaw will play a proactive role in propagating the ‘’Make in India’’ mission and will be happy to reach out to investors from Poland and facilitate their business plans for India. In these endeavors, we are working closely with the very energetic Indo-Polish Chamber of Commerce and Industry, as also the Poland-India Business Council and the Polish-Indian Chamber of Commerce, all dedicated exclusively to promoting business between India and Poland.
As the economy gears for take-off and double-digit growth, India is ready for a phase of active and focused engagement with Poland. We invite Polish companies to fly with us.