The bilateral trade between India and Poland has crossed $ 3 billion in 2017 and the European country is exploring various sectors to improve the trade balance, the Polish envoy to India said here on Monday.
"The bilateral trade volume crossed $3 billion mark in 2017 and it is around $3. 1 billion.
Of the total trade, India's export to Poland was $2. 3 billion while polish export to India stood at $800 million.
It has been a good achievement.
Still, there is imbalance and we are trying to reduce this (imbalance) and exploring all possible sectors, " said Polish Ambassador Adam Burakowski.
However, both the countries had drawn up a blueprint for stepping up investments and identified a series of actions to raise trade from the 2014 level of $2. 3 billion to $5 billion by 2018, he said, adding that India is one of the five priority countries in Responsible Development Strategy of Poland.
Possible areas for India - Polish joint venture include energy including clean technologies, mining, food and food processing, defence and R&D.
India and Poland have common goals in the energy sector as both countries rely on coal as their main source of energy and a possible platform for India - Polish cooperation includes clean coal technologies and low emission technologies, Burakowski said at an interactive session organised by Merchants' Chamber of Commerce.
On West Bengal, he said a delegation from the state is expected in the European Economic Congress to be held at Poland's Katowice on May 14 - 16 and a panel discussion would also be organised relating to the eastern European country and the eastern Indian state.
As a follow up to the Polish delegation's participation in the Bengal Global Business Summit (BGBS), his country has formed a small working group with senior officials from different ministries including energy to find out more, he added.