Canada funding for Tata Sons

Export Development Canada (EDC) and Tata Sons have entered into an agreement, under which the former will provide up to $500 million every year in financing for Tata companies. EDC will underwrite loans under the agreement as opportunities arise for Canadian companies, particularly small-to medium-sized exporters (SMEs), within Tata companies’ global supply chains. Tata Group companies hire about 3,000 employees in Canada.  Their facilities include an IT development centre (Ontario), telecommunications facilities (Quebec and Ontario), iron ore mining (Quebec) and soda ash distribution centres (Quebec and New Brunswick).