SME Times News Bureau | 22 Feb, 2019
A high level delegation of
Indo-Canada Chamber of Commerce currenly on a 10-day visit to India will
discuss 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.
President of the Indo-Canada Chamber
of Commerce, Pramod Goyal, said that the focus of the delegation was on sectors
like 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.
He further 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.
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, bringing high-end flooring and sanitary
products to India, importing cheap but quality bitumen and lubricants to India
and trade in canola oil and maple syrup with India.
A group of 33 leading buyers from
Canada visited Indus Food 2019, a tradeshow on food and beverages, which saw
business worth USD 1.2 billion being conducted. A delegation from India will
participate in the annual Canada-India Business Forum Meet, to be held in June
2019.