McGuinty Government To Build On India Business Mission
Successful Mission Opens New Trade, Research, Culture and Education Links
Premier Dalton McGuinty said Ontario's successful business mission to India will lead to increased trade, investment and cultural links with one of the world's fastest-growing economies.
"I was proud to lead the talented members of our delegation on a business mission to a country boasting incredible economic growth," said Premier McGuinty. "We've forged many friendships and partnerships -- and we're going to build on our success by turning the goodwill we generated into jobs and opportunities for Ontarians."
More than 100 leading Ontarians -- representing 87 companies, universities and other organizations -- took part in the mission. Sandra Pupatello, Minister of Economic Development and Trade, Harinder Takhar, Minister of Small Business and Entrepreneurship, and MPPs Linda Jeffrey, Vic Dhillon and Dr. Kuldip Kular were also part of the delegation.
The mission focused on five key sectors: infrastructure, research and innovation, financial services, cultural industries and education. The delegation visited New Delhi, Bangalore, Mumbai, Chandigarh, Jalandhar and Amritsar.
Highlights of the 8-day business mission included:
- Meetings with top government officials, including India's Minister of Finance Palaniappan Chidambaram, Minister of Science and Technology Kapil Sibal, Minister of Commerce Kamal Nath, and Minister of State for External Affairs Anand Sharma.
- Meetings with leading investors, including India's first multinational corporation, the Aditya Birla Group, and India's largest private bank, ICICI Bank.
- Speeches to major business groups, including the Confederation of Indian Industry (CII) and the Bombay Chamber of Commerce.
Delegation members also signed 35 agreements, including:
- The Ontario Chamber of Commerce and the CII Northern Region will share information, expertise and resources and explore future trade opportunities.
- PCI Geomatics and Ramtech Corporation entered into an MOU to develop a strategic partnership to provide vital information on food security, disaster planning and other applications requiring geospacial information.
- Gamma Engineering of Whitby and Concast (India) Ltd. will collaborate to market products in India and Canada.
- Process Research Ortech of Mississauga and Resurgent of India will commission a Biomass Power Plant in Trichy, India.
- RV Anderson Associates Ltd. of Toronto will partner with Mott MacDonald Ltd. of the UK to upgrade Mumbai's wastewater treatment and collection infrastructure.
- IIT Bombay and the University of Waterloo will conduct joint nano-technology research and promote the exchange of students, faculty and research personnel.
"Ontario's expertise, products and services are a natural fit with India's powerhouse economy," said Pupatello. "We're going to continue to find ways to work together to leverage our common strengths and boost our two-way trade so we can continue to build prosperity for our people."
"This is such an exciting time to partner with India -- it's tremendous economic growth means there are many exciting opportunities for Ontario's innovative companies and talented workers," said Takhar. "And Ontario is one of the best places in the world to do business -- so I'm confident we can build on the momentum of this mission by further strengthening our relationship with India."
"Ontario has what it takes to compete and win in today's hyper-competitive global economy -- a highly-skilled workforce, a culture of innovation and a diverse people who can speak every language and embrace every market," said Premier McGuinty. "We're going to keep telling Ontario's story to potential investors in India -- and around the world -- to ensure Ontario remains the place to be for years to come."