Partnership follows the recent trip to India by Canadian Prime Minister
Canada will be a partner country at the 6th edition of the Global Investor’s Summit, Vibrant Gujarat beginning today in Gandhinagar, Gujarat. As a partner country, Canada will highlight its growing importance as a commercial partner of choice for India, and promote Canada as an increasingly attractive destination for Indian investors.
Canada's business delegation to Vibrant Gujarat includes senior representatives from top Canadian companies from the energy, oil and gas, education, infrastructure, clean technology, information and communications technologies (ICT), and financial services sectors. The provinces of British Columbia, New Brunswick, Ontario, Quebec and Saskatchewan, along with representative of Export Development Canada, Canada’s export credit agency, will also participate.
Canada’s Citizenship, Immigration and Multiculturalism Minister Jason Kenney will address delegates at Vibrant Gujarat. "Canada’s growing trade with India is fuelled by our strong people-to-people ties," said Minister Jason Kenney.
Participation at Vibrant Gujarat follows the recent trip to India by Canada's Prime Minister, Stephen Harper during which both Prime Minister Harper and Prime Minister Manmohan Singh reiterated their commitment to increase trade between Canada and India.
"Both Canada and India’s Prime Ministers have expressed their commitment to increase annual bilateral trade to $15 billion by 2015. Canada’s participation at Vibrant Gujarat 2013 highlights Canada’s advantages as a partner for India and the possibilities for strengthening business relationships between our two countries," Canada's High Commissioner to India, Stewart Beck said.
Canada and India are also taking steps to increase trade and investment between the two countries. The High Commissioner added that both countries continue making progress in negotiations toward a comprehensive economic partnership agreement (CEPA). "Once in place, a CEPA would play an important role in boosting trade and investment and in creating more jobs and increasing prosperity for Canadians and Indians alike," the High Commissioner said.
Canada will have an official Pavilion at the Gujarat Global Trade Show and will hold a country seminar highlighting Canada as a preferred business destination.
High inflation and slower growth continues to worry Indian consumers
The deficit was 76% during the comparable period last fiscal