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Canadians to get lessons on India Inc

Canada has decided to educate its pupil on regular basis about business opportunities in India.

india Updated: Mar 24, 2006 12:08 IST
Press Trust of India
Press Trust of India

Canada's leading province Ontario has evinced interest in building economic bridges with India and encouraging investments from the emerging south Asian superpower in different sectors including diamond mining.

Ontario has decided to educate Canadians on regular basis about business opportunities in India, State Minister of Economic Development and Trade Joseph Cordiano has said.

"The State has decided to set up 'Indian desk' in the ministry that will formulate strategies so that Canadians should understand, appreciate, and invest in New India, the emerging super power," the Minister said while addressing a meeting organised by the Indo-Canada of Chamber of Commerce (ICCC) here on Thursday night.

The minister said the state would market India in Canada on regular basis so that Canadians could effectively contribute in development of the country and take advantages of business opportunities.

Despite the distance in geography, Canada and India shared common values like rules of law, parliamentary democracy, independent judiciary and members of the Commonwealth, Cordiano said.

Appreciating the role that Indo-Canadians played in economic development of Canada, the minister said the State wanted to use the half million Indian community that lived in the province to act as Canada's bridge to the emerging south Asian giant.

He said Canada would welcome increased Indian investments in different sectors including diamond mining. There was a need to diversity trade in terms of both products and markets as well as the need to enhance competitiveness in an era of globalisation, the minister added.

First Published: Mar 24, 2006 12:08 IST