Economy

Ontario Premier to meet Modi next week

Nayanima Basu New Delhi | Updated on January 19, 2018

Nadir Patel, High Commissioner for Canada to India

Plans to invest in infrastructure, smart cities, education

Kathleen Wynne, Premier of Canada’s largest province, Ontario, is expected to meet Prime Minister Narendra Modi during her maiden visit here from January 28 to February 5. She has huge investment plans in sectors such as infrastructure, smart cities, education and urban design and development in India.

Wynne, who had met Modi during his visit to Canada last year, is accompanied by a high-powered business delegation from sectors such as health, education, clean energy and ICT. Canadian companies and institutions that are part of the Premier’s delegation include SmartGrid Canada, Ambience Data Inc, Coles Associates Ltd, Deloitte, Carleton University, Bromed Pharmaceuticals Inc, and Ceres BioSystems Ltd.

“This is a very significant mission. Ontario is a very significant province in terms of Canada’s business and trade potential with India. All of our major financial institutional investors are based out of there,” Nadir Patel, Canada’s High Commissioner to India, told BusinessLine in an interview.

He said there would be a few commercial announcements and memoranda of understanding in sectors such as information and communications technology (ICT), clean and renewable energy, smart cities, life sciences, agriculture and automotive.

“This mission in particular is focussed around infrastructure, smart cities, urban development and design,” he added.

Ontario, home to the largest Indian community in Canada with almost 700,000 members, contributes over $720 billion or 37 per cent of Canada’s GDP, the largest compared with other provinces.

Two-way trade between India and Canada touched $2 billion in 2014.

During her visit, Wynne will be going to New Delhi, Chandigarh, Hyderabad and Mumbai.

“Ontario and India have much in common — we are both committed to making record-breaking infrastructure investments that will create jobs and strengthen our economies, we both understand the urgency and necessity of creating a sustainable future, and we both know that we need a well-educated workforce to meet the challenges of the future,” Premier Wynne stated in a release.

Ontario, a North American hub for international investment and trade, offers direct access to the $20-trillion Nafta market, a multicultural workforce, streamlined regulations, a low-risk investment climate, competitive business costs, and a great quality of life, a release by the Canadian High Commission stated.

Published on January 29, 2016

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