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Tuesday, Feb 01, 2005

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Canadian team woos Indian investors

Our Bureau

New Delhi , Jan. 31

A CANADIAN delegation consisting of industry and Government officials today urged Indian industry to invest in Toronto.

Ms Karen Campbell, President of Greater Toronto Marketing Alliance (GTMA), said that Canada viewed India both as a market for Canadian goods and services and as a source of foreign direct investment.

GTMA is a point of contact for prospective international investors looking to expand or locate their business in the Greater Toronto Area (GTA) and has already assisted several Indian companies such as Satyam Computer and Infosys Technologies in setting up their outsourcing facilities.

Citing reasons for investing in Toronto, she emphasised on the city's superior infrastructure, low-risk business environment due to political stability and strong economic fundamentals, low rate of inflation and Government support to R&D, according to a CII statement.

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