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Canada shops for business opportunities in India

Canadian businesses have the tools to grow, export and build on their success at home and abroad through Canada’s ambitious pro-trade and pro-export Global Markets Action Plan.

These tools include free trade agreements, foreign investment promotion and protection agreements, sector-based trade missions to priority markets such as India, and the support of the Canadian Trade Commissioner Service, Export Development Canada, the Canadian Commercial Corporation and the Business Development Bank of Canada. 

Minister Ed Fast and Parliamentary Secretary Bob Dechert led a trade mission to India last month in the agriculture and agri-food, energy, infrastructure, life sciences and financial services sectors that covered three cities: Mumbai, Delhi and Chandigarh. 

This was Fast’s third trade mission to India in support of Canadian businesses as they seek new export opportunities. 

“Minister Fast and I were very impressed to meet with Mississauga companies with innovative technologies including several with substantial experience in doing business in India,” said Dechert before leaving for India. “We had a frank exchange of ideas of how Canadian companies can expand their markets in India and how the government of Canada can support them. The Indo-Canadian business community is playing a key role in Canada’s future as a global trading nation.”  

Fast and Dechert encouraged the companies participating in the round table to join them on the trade mission to take full advantage of the support provided by Canada to explore opportunities in this fast-growing market. 

“This is the third or fourth meeting with Minister Fast this year,” said Ned Ismail, Economics Professor and founding member of the Mississauga Board of Trade’s International Trade Committee. “We really value the government’s focus on building trade relations and giving SMEs the information and tools vital to be able to compete internationally.” 

“These are exciting times for the Canada-India relationship, after three decades, India has strong political leadership and is in the cusp of dramatic economic growth and societal transformation,” said Shan Banerjee, CEO of Fox Mandal Business Advisory and roundtable participant. 

“India and Canada share similar values, and today Canada is eminently poised to significantly strengthen this relationship for mutual benefit.”  

Posted: Nov 3, 2014

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