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May 3, 2018

Special group on Poland-Bengal business cooperation formed

Special group on Poland-Bengal business cooperation formed

Poland has formed a working group, comprising representatives of its Government and industry, to prepare a business strategy focussed on Bengal.

The West Bengal Project, as it is called, seeks to partner several governmental and private sector institutions and business enterprises which can provide the whole range of tailor-made solutions specifically for the mining and energy sectors of Bengal.

It is the first-of-its-kind programme launched by Poland to offer a full range of comprehensive solutions aimed specifically at a particular sector of a foreign partner’s economy.

Key partners of the project include the Polish Ministry of Foreign Affairs, Ministry of Energy, Ministry of Entrepreneurship and Technology, the Polish Development Fund (PFR), JSW SA (the largest producer of coking coal in Poland), PeBeKa (a leader in mining and infrastructure development projects), and the Indo-Polish Chamber of Commerce and Industry (IPCCI).

This development follows a memorandum of understanding signed earlier this year at the Bengal Global Business Summit (BGBS) between Bengal and the province of Silesia in Poland for exploring opportunities in mining and power.

According to sources, a delegation from Bengal is expected to participate at the European Economic Congress, scheduled to be held in Katowice, Poland from May 14 to 16.

Bengal is keen to develop one of the biggest coal blocks in the country, Deocha Pachami, with estimated reserves of around 2,000 million tonnes.



Sources: The Economic Times