New Delhi: Polish Prime Minister Leszek Miller on February 17 said the current level of bilateral economic cooperation at only $ 250 million is "insufficient" while declaring his country's readiness to work with India in several sectors and inviting Indian investments.

"I wish to encourage Indian companies to visit Poland, to engage indirect contacts with Polish companies. Let me assure of the favourable attitude of the Polish government towards development of cooperation between Poland and India," he said, addressing a meeting organised by Confederation of Indian Industries (CII) and Federation of Indian Chambers of Commerce and Industry (FICCI) in New Delhi.

He said India was Poland's traditional trading and economic partner and upon this experience "we will build the plans of Polish-Indian cooperation. Its present level is insufficient and should be rapidly and significantly improved. Our mutual trade is low, only $ 250 million."

Miller said his country expects to become a part of the European Union by May 2004 and this accession will "positively impact the acceleration of our economy and will provide new incentives for investors".

Pointing out recent investments by Indian companies in Poland, the Prime Minister said Polish companies have also participated in many projects in India, including investments such as 12 power plants, 13 mining facilities, a number of chemical and engineering products, metallurgy, food processing construction plants, a motorcycle factory and a tractor-making factory.

PTI