Ontario Seeking New Agri-Food Trade Opportunities in India
Province Strengthening Future Trade and Investment in Ontario
Jeff Leal, Minister of Agriculture, Food and Rural Affairs and Michael Chan, Minister of International Trade, arrived in India today to lead Ontario's first-ever agri-food trade mission, attracting new investment and continuing to grow the agri-food sector globally.
The ministers, along with 18 delegates from Ontario agri-food businesses, will meet with Indian business leaders in New Delhi, Mumbai and Chandigarh to showcase Ontario's cutting-edge agri- technology and products and identify new opportunities for greater agri-food trade and exports.
This mission will also help Ontario meet the Premier's Agri-Food Growth Challenge by promoting increased trade and investment in the province's agri-food sector.
Attracting new investment and helping grow Ontario agri-food businesses globally is a part of our plan to create jobs, grow our economy and help people in their everyday lives.
- As the second-most populous country in the world with over 1.2 billion people, India is fast-becoming a major global economic player, with a large and rapidly growing domestic market.
- In 2015, two-way goods trade between Ontario and India totalled $2.4 billion.
- The grocery food market in India is worth more than $332 billion, with projections that it will become the fourth-largest such market in the world by the year 2020.
- Ontario is making great progress to meet the Premier’s Agri-Food Challenge. The Premier’s Agri-Food Growth Challenge to double the growth of the sector and create 120,000 jobs by 2020. Since launching the Challenge, the industry has added more than $1.3 billion in GDP and over 30,000 jobs.
“India and Ontario share significant cultural, economic and community ties. I look forward to strengthening existing relationships and exploring areas for future cooperation that will generate more agri-food trade, jobs and economic growth for both regions. India is an emerging market with a growing population that appreciates the safe, high quality food that Ontario grows. Building new partnerships in priority markets like India opens doors to tremendous opportunities and is essential to growing Ontario’s economy.”
“India is an important trade partner for Ontario. This mission will strengthen existing government and business relationships that will help open doors for Ontario’s agri-food exporters in a key global market. I am confident this mission will develop new partnerships that will create jobs, accelerate trade and investment opportunities, and generate economic growth for our province.”