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| Indo-Polish
Trade and Economic Cooperation |
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The trade relations
between India and Poland are centuries old but an official
ones took off since India regained independence. In the
years which follow 1948 our commercial relations flourish
only noting arrest when both countries left commanded
economy pattern and sail into global markets opening their
ones as well.
It is worth to note that Indian economist who shaped fist
developing plans in fifties of XX century, Shri Mahalanobis,
cooperated closely with his Polish friends of anglo saxon
economic school with deep socialistic way of thinking
prevailing that time in Oxford and Cambridge, Mr Kalecki
and Mr Oskar Lange, therefore economic planning in both
countries in the second half of XX century were almost
identical.
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Prior
to the end of eighties, Poland was the second largest
trade partner of India among the East European countries
and Poland was considering India the largest trade partner
among developing countries. There was very good trade
turnover and components of economic co-operation between
the two countries like coal mining, power generation,
ship-building, machine tools, transport and farm equipment
proved helpful for the Indian economy, and import of agricultural
and consumer goods by Poland was found satisfactory under
the bilateral rupee trade. Poland has made a notable contribution
in the economic development of India after regaining independence
by building 13 coal mines and 12 power plants in this
country and also supplying 50 ships to India. The system
of bilateral trade lasted several decades before the two
countries switched over to free trade.
Some points of the present situation of both countries
are worth noting i.e. Poland’s strategic location,
its membership of EU, stable and fast economic growth
and continuing restructuring reforms of its economy regardless
of political changes, constant increase of foreign capital
direct investment and also India’s liberalization
policy of its economy, large population, natural resources,
availability of raw material, skilled and unskilled manpower,
agriculture potential and expanding industrial base.
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