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JV signed to co-operate in procurement of Indian mining orders

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World Coal,

On 15 May 2018, the FAMUR Group and Polski Fundusz Rozwoju SA joined the agreement that had previously been concluded by Jastrzebska Spólka Weglowa, Przedsiebiorstwo Budowy Kopaln PeBeKa and Indo Polish Chamber of Commerce & Industry. The joint initiative requires partners to co-operate in the procurement of orders on the Indian market in the mining and energy industry, in terms of their economic activities and in co-operation with the other parties. According to the members of this agreement, it will allow them to tangibly and efficiently compete with other entities that provide products, services and equipment on the Indian market, and to optimise costs and contribute to the implementation of a long-term strategy of development of the sector aimed at foreign expansion.

“Today’s agreement creates an industrial co-operation platform which, thanks to the combined competences and potentials of its partners, will enable the development of a comprehensive offer tailored to the specific nature, needs and expectations of the Indian market. I am convinced that thanks to the co-operation with other partners, we will be able to successfully implement overall projects in the mining and energy sector, while promoting Polish technology, know-how and the Made in Poland brand. Such approach increases the attractiveness and competitiveness of our offer, and the customers may enjoy the comfort of co-operating with one group of partners that are complementary to one another. This form of co-operation will also facilitate the professional management of major projects and improve efficiency in obtaining funds for their implementation. Thus, by being complementary to one another in terms of competences, Polish companies provide themselves with the opportunity to expand not only to India, but also to other markets. Business partnership fits perfectly in the concept of developing the presence of the FAMUR group on foreign markets, which should generate more than half of the revenues in 2022,” emphasises Miroslaw Bendzera, CEO of FAMUR SA.

“The fact that Polski Fundusz Rozwoju joined the agreement fits into the strategy of the PFR Group, which concentrates on promoting foreign expansion of Polish industry and developing globally competitive business solutions. India, as one of the largest producers of coal and other raw materials in the world, is an important partner for Poland on the market of mining machines and more broadly – Smart Mine. Polish mining is technologically forward and there is a real chance that the synthesis of more than 100 years of experience of the Polish industry into one offer will constitute a comparative advantage on the Indian market,” said Bartlomiej Pawlak, Vice President of PFR, who supervises the co-ordination of the Smart Mine Programme, which is one of the flagship programmes under the responsible development strategy.

The members of the agreement find it important to exploit the opportunity associated with the opening of the Indian market to foreign companies and investments. India sees Poland as a country with expertise in the mining sector, which means good prospects for the activity of our companies in this area of the Indian economy. The partners’ agreement entered into by Polish companies, a chamber supporting entrepreneurs with advice and a financial institution is a new activity model aimed at building capacity and developing active participation of Polish companies on foreign markets. The partnership guarantees real business expansion and development of an offer that will actually correspond to the needs of the Indian market. The agreement with partners concerning the co-operation on the Indian market will be a natural component of the future strategy and will allow the FAMUR group to effectively increase its global participation.

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