Ontario Working to Strengthen Trade and Investment Ties with India
Expanding the Reach of Ontario Businesses Globally
TORONTO — Helping Ontario businesses gain access to strategic markets, Vic Fedeli, Minister of Economic Development, Job Creation and Trade will lead a business mission to India from November 18 to 22. The business delegation will travel to New Delhi and Mumbai to leverage Ontario's strengths in Information and Communication Technologies (ICT) and Infrastructure.
Diversifying Ontario's trading partners and expanding the reach of businesses is critical for the long-term economic growth of the province and key to Ontario's open for business, open for jobs strategy. India is one of the fastest growing markets in the world and has significant potential for business partnerships and investment attraction for Ontario.
"In order to compete and succeed globally, you have to move at the speed of business to capitalize on valuable economic opportunities and investment dollars," said Fedeli. "Made in Ontario means a standard of quality that is second to none and we will proudly promote our goods and services in key markets like India so that we can grow our economy and create good jobs here at home."
With $3.1 billion in two-way trade between Ontario and India, nine per cent of Canadian exports to India are from Ontario. Home to one of North America's largest ICT sectors and world-class technology industries, Ontario is well-positioned to seize opportunities for greater collaboration and growth with India, which is on track to become the largest sourcing destination for information and technology. Minister Fedeli will be joined by business leaders from ICT and Infrastructure sectors who will explore potential partnerships and investment opportunities while in-market.
Also, with hundreds of planned infrastructure projects on the horizon, there are opportunities for Ontario to leverage its international reputation in construction, technology design and quality standards to meet India's growing infrastructure demands.
By diversifying Ontario's global trading partners and exports, the government of Ontario is creating a climate for business and economic growth.
- India is the seventh largest economy in the world, and one of the fastest-growing markets.
- With $3.1 billion in two-way trade between Ontario and India, nine per cent of Canadian exports to India are from Ontario.
- Ontario’s jobs are the most export reliant in Canada with 1 in 5 workers, or 1.3 million people, dependent on exports.
- Ontario maintains Trade and Investment Offices in Delhi and Mumbai to facilitate investment deals, support Ontario small- and medium-sized enterprises (SMEs) expand their export capacity and promote Ontario’s open for business mandate.