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Canadian businesses show enhanced interest & confidence in India

Date 05-Feb-2016
Subject Canadian businesses show enhanced interest & confidence in India


NEW DELHI: Canadian businesses and investors, including various Pension Funds, have shown enhanced interest and confidence in India over the past one year, Premiers of two provinces of that country told Prime Minister Narendra Modi here. 

Premier of Ontario Kathleen Wynne and Premier of Prince Edward Island H Wade MacLauchlan conveyed this when they met Modi separately last evening, according to a PMO statement issued today. 

The Premiers expressed deep appreciation and support for the initiatives launched by the Government of India, including in the fields of manufacturing, skill, infrastructure development, renewable energy, urban renewal, waste management, education and agriculture, the statement said. 

During their meetings, they conveyed that over the past year, Canadian businesses and investors, including various Canadian Pension Funds, have shown enhanced interest and confidence in India, the PMO said. 

This, the Premiers said, was evident from a strong participation from Canada in the India Investment Summit being held here today and tomorrow, the statement said. 

Modi told them that India attaches high priority to its relations with Canada. 

He referred to his visit to Canada in April last year, which was the first bilateral visit of the Prime Minister from India after a gap of nearly 42 years, and mentioned about subsequent developments in bilateral relations, saying these have highlighted the synergy and complementarities between the two countries in various fields, it said. 

Modi conveyed his warm greetings to Canadian Prime Minister Justin Trudeau and expressed confidence that his visit to India later this year would provide an opportunity to further deepen the strategic partnership between the two countries.

Source: Economictimes.indiatimes.com

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