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Canada to explore new business opportunities in India

business Updated: Jan 17, 2011 17:07 IST
Raja Rymbai
Raja Rymbai
Hindustan Times
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Dianne Watts, the mayor of Surrey, one of Canada’s richest and fastest growing cities, is heading a group of CEOs from some of Canada’s most powerful companies to explore opportunities in India for business. The City of Surrey is home to one of the largest overseas Indian populations in North America.

The trip, which will include elected officials as well as CEOs, will take place February 10 – 20 and include time in Mumbai, New Delhi, Bangalore, Chandigarh, Jalandhar, Ludhiana and Amritsar.

Indian companies interested in meeting with individual companies should contact the Trade Mission by email at: www.surrey.ca/indiamission.

Participating companies in the clean energy, education, wood and manufacturing, film and entertainment, communications technology and business and finance sectors will accompany the mayor and local government officials.

“The City of Surrey has many connections to the country of India, both socially and economically, and we continue to identify ways to recognize, celebrate and further our bond with the world’s second most populous nation,” said Mayor Watts, in a statement.

“With more than 27 per cent of Surrey’s residents of South Asian descent, it was a natural fit for us to look to India to further partnership opportunities that will create jobs and attract investment to our city,” said Watts, who recently finished fourth in the international City Mayors Foundation World Mayor competition.

“I am particularly looking forward to taking the opportunity to pay my respects at the Harmandir Sahib (Golden Temple) when I am in the city of Amritsar. I know that my visit to Harmandir Sahib will be a very spiritual and meaningful one,” she said.

The Surrey trade delegation’s visit comes in the wake of a report by global consultancy group Deloitte which said Canada and India’s bilateral trade is expected to be around $ 15 billion by 2015. For the year ended March 31, 2010, their trade was worth over $ 3 billion. Mayor Dianne Watts

Deloitte noted that Indian players are showing keen interest in Canada''s oil & gas, clean technology and life sciences areas, among others. Similarly, Canadian industry too is interested in the Indian market.

"Companies from Canada are likely to focus on Indian players that are engaged in clean energy, agriculture and infrastructure sectors," the report said.