Canada seeks Indian investment in oil exploration
July 26th, 2011 - 9:51 pm ICT by IANSKolkata, July 26 (IANS) Canada is set to increase involvement in India’s small and medium enterprise (SME) sector, besides scouting for Indian investment in coal exploration and education, a diplomat said Tuesday.
Canadian High Commissioner to India Stewert Beck also said that the Comprehensive Economic Partnership Agreement (CEPA) between the two countries would be finalised by 2013.
“Canada aims to invest in India on a large scale, especially in the SME sector. Currently there are 250 Canadian SMEs in India. We hope to increase it to 750 SMEs through client acquisition,” said Beck.
He said with the likely finalisation of CEPA by 2013, bilateral trade between the two countries will see a quantum leap.
“The current quantum of trade is about $4.5 billion, which is insignificant,” he said.
The envoy invited Indian investment in Canada, especially in coal exploration and education. “Countries like Japan have invested in these sectors. There is no reason why Indian companies cannot do the same.”
He was speaking at an interactive session organised by the Confederation of Indian Industries (CII).
- 'India, Canada trade to touch $15 billion by 2015' (Lead) - Jul 27, 2011
- Trade between India, Japan set to rise: Envoy - Jul 10, 2011
- India is 'top priority' for new Canadian government - May 05, 2011
- Japanese firms to increase investment in Tamil Nadu - Jan 25, 2012
- India, Canada favour increasing annual trade upto 15 billion dollars - Sep 25, 2010
- Canada showcases trade, investment opportunities in Gujarat - Jan 17, 2011
- Anand Sharma hopeful of growing Indo-US trade relations - Apr 20, 2011
- Canada is partner country at Vibrant Gujarat conclave - Jan 10, 2011
- Free trade pact with India by 2013: Canada PM - Apr 01, 2011
- India is our key priority in trade: Canada - Jul 08, 2011
- 'India-Italy trade at 15 billion euros by 2015' - Oct 31, 2011
- Crisil to target SMEs in tier II, III towns - Feb 22, 2012
- CII welcomes India-Japan comprehensive economic partnership agreement - Feb 16, 2011
- Canadian province invites Indian investors to acquire SMEs - Jun 06, 2010
- India, Japan implement economic pact; aim to double trade (Lead) - Aug 01, 2011
Tags: beck, bilateral trade, canadian high commissioner, cepa, cii, client acquisition, coal exploration, confederation of indian industries, diplomat, economic partnership agreement, India, indian investment, interactive session, japan, large scale, oil exploration, quantum leap, sectors, small and medium enterprise, smes