India to import “Innovation Canada”
The Canadian business community is focusing on India’s infrastructure development, information and communication technology, advanced manufacturing, financial services, tourism, business immigration, education and skills development.
“All these sectors continue to show tremendous potential and are expected to become the pivots for enhancing the bilateral trade between the two countries,” said Pramod Goyal, President of the Indo-Canada Chamber of Commerce.
He said that growing trade tensions between USA and China and its emphasis on adding dollar value in US economy through manufacturing will also compel Canada to look East and specially to a growing market like India to promote trade to ensure growth and employment opportunities for its small entrepreneurs.
Goyal led a high-level delegation of Indo-Canada Chamber of Commerce on a 10-day visit to India to develop bilateral trade relations between Canada and India.
The delegation discussed joint investment opportunities in Canada and also create business and professional opportunities for the Canadian small businesses in India.
The delegation visited Chandigarh, Chennai, Panaji and Hyderabad and concluded its visit in Delhi.
Responding, the Trade Promotion Council of India (TPCI) assured the visiting delegation to facilitate technology transfer and trade promotion.
A proposal to bring ‘Innovation Canada’ approved expertise in sewage treatment, waste management and recycling was also discussed.
Some other proposals discussed included promoting Indian food and value-added products in Canada, investments in JVs by Indian businessmen in Canada, importing high-end flooring and sanitary products, cheap but quality bitumen and lubricants as well as trade in canola oil and maple syrup with India. fiinews.com
