Canada woos Indian investors

Monday, 31 January 2005, 08:00 Hrs
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NEW DELHI: A Canadian business delegation Monday invited Indian investors to participate in Toronto's "increasing economic activity", promising opportunities in fields like banking, film and television production and fashion.

"Canada views India both as a source of market for Canadian goods and services and also a source of foreign direct investment," Greater Toronto Marketing Alliance (GTMA) president Karen Campbell told a Confederation of Indian Industry (CII) conference here.

Home to 4.5 million people, Toronto is Canada's financial capital and one of North America's most vibrant regions in terms of culture and entertainment.

"Toronto abounds in investment and employment opportunities in such diverse fields as banking and financial services, ICT (information and communication technology), film and television production and fashion," Campbell said.

Besides opportunities for investment in a variety of technologies, products and processes, she said Toronto could also act as a gateway to the international marketplace for foreign investors.

"Thanks to the North American Free Trade Agreement (NAFTA) and other international agreements, Toronto has become the hub for goods, services and people throughout North America," she commented.

The GTMA is the key point of contact for prospective international investors looking to expand or locate their business in the Greater Toronto Area (GTA).

A 20-member GTMA delegation is currently on a tour of five cities, including New Delhi, Mumbai and Bangalore, scouting for investment in ICT, advanced manufacturing, automotive, education, life science, biotechnology, pharmaceuticals and healthcare.

Bilateral trade between India and Canada was 2.15 billion Canadian dollars last year.


Source: IANS
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