Canadian minister lauds India’s economic ascent

April 17th, 2008 - 12:37 am ICT by admin  

New Delhi, April 16 (IANS) Hailing India’s “economic ascent” and its growing global stature, Canada Wednesday called for stepping up cooperation in areas ranging from agriculture and mining to ICT and infrastructure. “We know that the world is knocking on India’s door. That is why it is up to Canada and Canadians to step up, showcase what we can offer India and find new ways of becoming natural, preferred and beneficial partners for India,” Canada’s Secretary of State for Foreign Affairs and International Trade Helena Guergis told top businessmen here.

“Canada can help India as it continues its incredible economic ascent,” said Guergis, who is on a two-day visit to India.

She identified sectors like agriculture, mining, life sciences, information and communication technology (ICT), financial services and infrastructure for enhanced cooperation between the two countries.

Showcasing Canada as an attractive investment hub, Guergis called for a greater presence of Indian businessmen in her country.

“We recognise the important role two-way investment plays in a strong, commercial relationship. It is certainly a hallmark of the Canada-India relationship,” she said.

“We hope to see many more Canadian companies becoming active in the Indian market and a greater presence of Indian companies in Canada,” she added.

Alluding to leading Canadian dailies that recently ran profiles of well-known Indian businessmen like Anand Mahindra, Aziz Premji and Ratan Tata, Guergis lauded India’s economic performance and the emergence of globally ambitious Indian companies.

Bilateral ties between India and Canada, home to a large Indian diaspora, are getting stronger.

Big Indian corporate houses like the Tatas, Aditya Birla Group and Ranbaxy are already established in Canada.

Economic ties between the two countries, however, remain much below potential, with bilateral trade just about $4 billion.

Former president A.P.J. Abdul Kalam will go on a three-day private visit to Canada Thursday to present the Global India Award to Sam Pitroda for his outstanding contributions in the field of telecommunications.

He will also address top scientists in various universities.

The Global India award, instituted by Canada India Foundation, carries a plaque and $50,000.

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