By 121 News Reporter
Chandigarh 22nd January:-- Showcasing Central Europe (CE) & Nordic Europe as a perfect launching pad for Indian companies from this region at a Roundtable on "Economic Engagement between India and Central / Nordic European countries" organised by Confederation of Indian Industry (CII) alongwith Ministry of Commerce & Industry, Government of India, here today, H.E Prof Piotr Klodkowski, Ambassador, Embassy of the Republic of Poland shared that the Central Europe is an ideal gateway for Indian companies keen to tap into the growing United European market due to its strategic location advantage and immense connectivity. After joining the Schengen Area 2007 CE is borderless and there is free movement of capital, goods, people and services within the 27 EU member States. In a bid to boost investment flows and strengthen inter-regional ties, Central European countries are offering special incentives and attractive taxation regimes to encourage companies from Punjab and Chandigarh region to join hands with their counterparts in central Europe and further implement their regional and international expansion plans.
H.E Prof Piotr Klodkowski, Ambassador, Embassy of the Republic of Poland further said that Most of the central & Nordic European Countries like Austria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia, Denmark, Sweden, Finland, Norway, Iceland and Switzerland offer key advantages like economic and political stability, European Union (EU) Membership, availability of skilled human resources at reasonable prices, effective incentive system including EU-Funds and low taxation regimes. While inviting the SMEs from the tricity to invest in Poland, he shared that Poland, which has been rated amongst the top 12 most attractive countries for investors, as per the UNCTAD, World Investment Report and 6th Most Attractive FDI Destination is particularly keen to collaborate and share with India its latest technologies in the areas of Non-Conventional energy source (solar & wind energy & bio-fuels & shale gas), Environment protection (water management, waste-water purification), Mining and infrastructure equipment (port equipment), Chemicals (inorganic, organic, dyestuff, pesticides), Industrial products (machines & technological equipment, auto and electrical components), Information technology (hardware & software & BPO), Health care (pharmaceuticals, medical equipment), Agriculture (dairy products, milk processing equipment, agricultural products).
Dharmendra Kumar, Under Secretary, Ministry of Commerce and Industry, Government of India shared that the study by Ministry of Commerce and Industry, GoI emphasised the need for Indian companies, especially in north to collaborate and make use of the advanced technologies of Central Europe (CE) and tap immense trade potential available between India CE. Hence, we can expand our markets, enhance our share in world exports and earn foreign exchange as well. GoI is aggressively encouraging Indian companies to do business there as CE region has tremendous advantage of favourable tax regimes and easy and open access to all European markets, availability of skilled labour at low costs and stable macroeconomic environment.
Man Mohan Singh, Chairman, CII Chandigarh Council, said that the CE - India development partnership is about sharing knowledge and expertise, exchange of best practices, supporting innovation and building capacity and skills. As a lot of local investors are looking towards CE to expand their businesses, this Roundtable helped in understanding the nuances of expanding business with CE & other European markets via CE. Pikender Pal Singh, Regional Director, CII NR mentioned that it has always been CII's constant endeavour to bring the best global and domestic opportunities to the regional industry for their expansion and diversification plans. Today' Roundtable was one such initiative highlighting the key advantages of CE as a business destination.
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