Canada India Business Council (C-IBC) has signed a Memorandum of Understanding (MoU) with the Industrial Extension Bureau (iNDEXtb), an economic development organisation representing the Government of Gujarat. The MoU provides a framework for both organisations to proactively work towards increasing trade and investment between Canada and Gujarat.
Following the MoU signing, the C-IBC hosted an exclusive roundtable discussion with the Gujarat delegation composed of senior management from several of India’s leading companies including Reliance Industries, Adani Gas, Suzlon Energy, Hazira LNG among others. The delegation from India was led by JD Pandian, Principal Secretary, Energy & Petrochemicals Department, Government of Gujarat.
“While there has been much recent discussion about India’s slowing growth rates, this conversation largely overlooks the significant differences between the diverse regional economies of India. Canadian companies such as McCain Foods and Bombardier recognise this and have taken a more local focus. Both already have major plants in Gujarat. The Council knows that a growing number of other Canadian companies are looking to use Gujarat as the launch point from which to enter the broader Indian market,” added Rana Sarkar, President and CEO, C-IBC.
“The C-IBC is pleased to lead the discussion on the progress of Canada’s engagement with Gujarat. The roundtable will focus on identifying remaining challenges and highlighting emerging opportunities. The MoU provides a practical framework for achieving these objectives,” said Peter Sutherland, Vice—Chairman, C-IBC.
The sectors represented include pharmaceuticals, telecom, energy and finance. During the facilitated member only sessions, senior management from five Canadian companies participated in focused B2B discussions with Gujarat delegates to identify potential sales opportunities in manufacturing, IT, clean energy and infrastructure.
EP News Bureau