Seminars to help Indian SMEs expand into North America

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SME Times News Bureau | 25 Apr, 2013
A series of seminars to engage Indian small and medium enterprises (SMEs) interested in expanding operations into North America will be organized by Ontario International Marketing Centre in India and Invest Toronto on May 6 and May 7 in Ahmadabad and Pune, respectively.

The seminars, called the "Next Big Idea", which will be offered free of charge, are open to all SMEs interested in learning about setting up an office in North America, via Toronto, Ontario.

The events will guide Indian SMEs to set up operations in Toronto, access facilities and incentives, and also establish networks that will enable them to capitalize on global business opportunities from Toronto.

SMEs interested in registering for the seminars are requested to contact Preeti Sawhney: preeti.sawhney@international.gc.ca.

Invest Toronto is an organisation responsible for attracting inbound foreign direct investment into the City of Toronto and offers complimentary one-on-one consultations to businesses and site selectors making global business investment decisions.

"Indian companies such as ICICI Bank, State Bank of India, Infosys, Gateway TechnoLabs, Mastek, Zylog Systems and Polaris have already made their foray into North America via offices in Toronto," said Aaron Rosland, Ontario's Senior Economic Officer in India.

"Ontario is home to more than half a million Indo-Canadians, making it an ideal entry point into the North American market. Ontario has made India a priority market for commercial links" added Rosland.

Forbes has recently named Ontario as a top destination for foreign direct investment in North America and gave the Province top rankings in various areas including job creation, tax reform and health care.

Ontario accounts for 38% of Canada's GDP, 35% of the country's industrial production and is home to 60% of Canada's foreign-controlled head offices.

Companies that do business in Ontario have access to a US$17 trillion marketplace under the North American Free trade Agreement, with 158 million consumers within a day's drive.