Canadian cos. asked to make India their South Asian hub (With Image)
June 29th, 2010 - 1:38 pm ICT by IANS
By Gurmukh Singh
Toronto, June 29 (IANS) Inviting Canadian businesses to India, Planning Commission deputy chairman Montek Singh Ahluwalia Monday said the country could serve as their hub for the South Asian region.
Ahluwalia, who was here with Prime Minister Manmohan Singh for the G-20 summit, said India has posted a robust growth rate of about 8 percent despite the adverse global economic situation.
Interacting with Canadian businessmen and corporate executives at a breakfast meeting by the Canada-India Business Council here, Ahluwalia said he was hopeful that India’s growth rate will touch 10 percent in the next four to five years.He said India has a vibrant private sector and young professional manpower and the sustained growth will turn it into very different country in the next five to 10 years.
Canadian businesses should take advantage of the huge opportunities opening up in India, he added.
Ahluwalia said nuclear deals signed by India with other countries, including the one with Canada inked Sunday, will help it raise its nuclear power generation capacity from over 4,000 MW to 50,000 MW in the coming years.
With India embarking on an ambitious solar energy plan to generate clean electricity, he said Canadian green energy companies should join bids for projects under the plan.
Calling Canada the world’s “mining guru”, he said the MoU signed between the two countries Sunday will help India exploit Canadian expertise and technical know-how in this vital sector for his country. Private investors and executives from many top Canadian companies, including BlackBerry and Cubex, attended the breakfast meeting.
(Gurmukh Singh can be contacted at gurmukh.s@ians.in)
- India is 'top priority' for new Canadian government - May 05, 2011
- Indian companies discuss nuclear MoUs with Canada - Feb 26, 2011
- Canada becomes India's ninth civil nuclear energy partner - Jun 28, 2010
- Canada-India Innovation Summit at Ottawa - May 31, 2011
- Indian mines minister to visit Canada - Jul 02, 2010
- Canada showcasing mining expertise in India next month - Nov 25, 2010
- India signs MoU with Canada's Ontario province (With Image) - Jul 09, 2010
- Indian stock returns as good as China's: Bank of Montreal - Jul 16, 2011
- Canada is India's ninth civil nuclear energy partner (Lead) (With Images) - Jun 28, 2010
- India seeks n-energy ties with Canada: Montek (With Images) - Apr 19, 2009
- After n-deal, Canadian uranium supplier sets up India office (Lead) - Dec 02, 2009
- Yet another Indian techie donates $1.5 million to Canadian varsity - Jun 17, 2011
- Six Canadian MPs for Vibrant Gujarat summit - Dec 25, 2010
- Indians seeking Canadian visas likely to face fingerprinting - Jun 06, 2011
- Canada appoints new consul general in Chandigarh - Sep 21, 2010
Tags: asian hub, breakfast meeting, canadian businesses, canadian businessmen, canadian expertise, cubex, global economic situation, gurmukh, india business, manmohan singh, montek singh ahluwalia, nuclear power generation, power generation capacity, prime minister manmohan, prime minister manmohan singh, private investors, professional manpower, south asian region, vibrant private sector, vital sector