Premier's Mission to India Will Open Doors for Ontario Businesses
Trade missions help to create jobs and boost economic growth in Ontario. Premier Kathleen Wynne's first trade mission to India will strengthen existing partnerships and further Ontario's economic interests in the region.
Purpose of the Mission
India is a priority market for Ontario. The mission will support Ontario companies as they do business in India, while encouraging Indian firms to invest in Ontario. It will generate and secure agreements, contracts and Memorandums of Understanding (MOUs), and offer opportunities to increase foreign direct investment in the Information and Communications Technology (ICT), life sciences, agri-food, automotive and film sectors.
The mission to India is part of Ontario's Going Global Trade Strategy to increase the province's international profile and support the government's plan to grow the economy and create jobs.
Importance of the Indian Market
India and Ontario share many of the same priorities, including fighting climate change, investing in clean technology, and building sustainable infrastructure.
India, like Ontario, is making record-breaking investments in infrastructure -- over US$1 trillion over the next 20 years as part of the Smart Cities Initiative, which emphasizes sustainable economic growth.
Ontario's experience in building urban transportation systems, developing green and energy-efficient projects, and creating renewable energy infrastructure makes the province a natural partner for India as it works to achieve the goals of its Smart Cities Initiative.
India is also an important trade partner for Ontario -- in 2014, total goods trade between Ontario and India was valued at almost $2 billion.
Ontario has International Trade and Investment Offices in Mumbai and New Delhi that encourage Indian companies to do business in Ontario and partner with Ontario businesses.
About the Delegations
Premier Wynne will lead a delegation of experts from Ontario's sustainable development and urban infrastructure, business and higher education sectors across India.
The more than 70 Ontario delegates on the mission will be formalizing agreements and signing MOUs with Indian researchers and institutions.
The sustainable development and urban infrastructure delegates will create new partnerships and share information on how to build sustainable and prosperous urban development projects. This group consists of leaders from the energy, environment and infrastructure sectors.
The business delegates are focused on developing new and existing trade relationships with Indian companies. This group consists of experts from the financial and manufacturing sectors.
The higher education delegates will create new partnerships in priority areas that benefit both regions, such as health education, clean energy and ICT. This group consists of innovators and leaders in postsecondary education.
The delegation will travel with the Premier to New Delhi, Chandigarh, Hyderabad and Mumbai from January 31 to February 5.