India woos Canadian businesses with growing investment opportunities

India has extended an invitation to Canadian businesses to tap the growing investment potential in the country where the youths, which account for 65 per cent of its population, are "raring" to go with their dreams.

India's Deputy High Commissioner in Canada Arun Kumar Sahu, during his address at a Canada-India Global Forum initiated by a group of industrialists and businessmen of Indian-origin on Wednesday, said that nobody could reverse the path of progress India has achieved so far.

Technology transfer, particularly the Artificial Intelligence in a variety of fields including weather forecasting, flood control and efficient use of solar energy in building India's ambitious 'smart cities' figured as the key subject of the discussion at the forum.

"It is time NRIs and others recognised the unique strengths of India and build on them rather than worrying about small inconveniences here and there," Sahu said.

He wanted the participants to be conscious of the pangs of a growing nation under democracy and remember the struggles of Canada in its 170 years and India in 71 years of independence experienced.

The progress in India impacted by the reforms undertaken could never be reversed whichever government was in power.

"All round progress is taking place in such a way paving a fast lane for a new India, better India and bigger India," Sahu said.

Though India was among the fastest growing economies in the world, it should never be compared with China, he said.

There was no other country in the world other than India where almost every race is represented; every language is spoken with English as a global language for education, trade and business in all the states in the country, he said.

Participants at the forum, drawn from the province of Quebec where a vast majority of people speak French, heard the deputy high commissioner making a passionate plea to tap the strengths of India in the emerging knowledge economy.

China is ageing while India has 65 per cent of its 1.3 billion population under the age of 35, he said