Polish Ambassador to India Piotr Antoni Switalski said on Thursday, 5 November 2026, that bilateral trade between India and Poland could more than triple by 2030, fuelled by the proposed India-EU Free Trade Agreement (FTA) and deepening business engagement following the Polish Prime Minister's recent visit to India. The diplomat noted that the current level of trade falls well short of what the two economies are genuinely capable of delivering.

Business Forums and Contracts Signed

The Polish Prime Minister's visit to India produced the largest-ever bilateral business engagement, with two forums held in New Delhi and Bengaluru. More than 100 Polish companies participated alongside nearly 200 Indian companies, culminating in 13 contracts, MoUs, and letters of interest. Switalski described the forums as a turning point in translating diplomatic momentum into commercial outcomes.

What the India-EU FTA Could Mean

'If we make full use of the opportunities created by the agreement and translate the discussions held during the two business forums into concrete projects, we may not only double but even triple our bilateral trade,' Switalski said. Poland has been among the strongest advocates within the European Union for an early conclusion of the FTA. He expressed hope that the agreement would be signed 'at the beginning of December' and enter into force early next year — a timeline that, if met, would mark a significant milestone in India-EU economic ties.

Investment and Market Access

Switalski acknowledged that while Indian investment in Poland is already meaningful, Polish investment in India remains below its potential. He extended a direct invitation to Indian businesses to establish operations in Poland and use it as a gateway into broader European markets. This comes amid a broader global trend of companies seeking alternative manufacturing and distribution bases in Central Europe, where Poland has emerged as one of the EU's fastest-growing economies.

Defence and Energy Cooperation

Beyond trade, both governments agreed to deepen defence cooperation during the Polish PM's visit. Minister of State for Commerce and Industry Jitin Prasada's recent visit to Warsaw is expected to result in new contracts and agreements in this space. On the energy front, Polish companies have signalled interest in partnering with Indian firms on solar energy and green hydrogen projects — sectors where India has set ambitious capacity targets.

What to Watch Next

The proposed December signing of the India-EU FTA will be the critical near-term test for whether these ambitions translate into binding commitments. Industry watchers will also track how many of the 13 agreements signed during the forums progress from intent to actual capital deployment, particularly on the Polish investment side, which Switalski himself flagged as underdeveloped.