"I'm confident that signing this agreement starts a new chapter in our trade and economic engagement in Poland," Indian Commerce and Industry Minister Kamal Nath told journalists at a joint press conference with Polish Economy Minister Piotr Wozniak.

Trade between Poland and India was worth 512 million dollars in the first 11 months of 2005, according to Polish economy ministry.

Nath said the figure should be higher. "We should be talking billions and not millions," he said.

"I believe it's time that our warm political relations have an equally large economic content," Nath added.

Wozniak said that Polish Prime Minister Kazimierz Marcinkiewicz had Friday accepted an invitation to visit India at a still unspecified date.

Wozniak hoped the agreement signed between the two countries "will be a new impulse in our economic relations."

"We will be starting from sectors we have cooperated in for decades: the defence sector and related products, and extraction and trading in coal. We are going to rapidly expand our cooperation to other sectors."

Wozniak said he particularly wanted Polish firms to be involved in major infrastructure projects in India.