MENU

Published on 16/01/2018 8:48:41 AM | Source: IANS

Polish companies may explore commercial mining in India

Posted in Industry News| #Industry #Mining Sector

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Polish companies may explore opportunities at commercial coal mining in India if conditions are right, said a minister from the eastern European country here on Monday.

A high-level Polish delegation comprising government officials and representatives of firms, chamber of commerce, financial and educational institutes has arrived in the city to participate in the state's two day business meet - Bengal Global Business Summit - starting Tuesday.

"There is strong conviction to look at India with more interest by Polish companies if the conditions are right," said Deputy Minister of Foreign Affairs Marek Magierowski, while responding to a query about interest in commercial coal mining by Polish firms.

According to him, the Indian mining sector has been using Polish technology and machinery extensively and many Polish companies are now looking beyond Europe to find new markets and opportunities.

India is currently working on a methodology for offering coal blocks for commercial mining.

"We are a country where the energy need is covered mostly by coal and coal extraction. We would like to share that expertise with Indian companies. We have the appropriate technology," he said.

The European country will showcase Silesia region in the Bengal business gathering as a potential region for economic partnership between Bengal and the province.

"There are regions in Poland which can offer something more original and attractive to foreign partners. Silesia in Poland is known for its coal and industry and this part of of India is well known for production of coal," Magierowski said at a Bengal Chamber-organised session.