Premier Concludes Successful Trade Mission to India
65 New Agreements Formalized During the Mission
Premier Kathleen Wynne wrapped up her first mission to India today in Mumbai, where 16 new agreements between businesses and institutions from Ontario and India were announced, bringing the total number of agreements signed during the mission to 65. These agreements are valued at over $240 million and will create more than 150 high-value jobs in Ontario.
Ontario and the State of Maharashtra signed a Memorandum of Understanding (MOU) that will focus on strengthening connections in key commercial areas, including urban infrastructure, information and communications technology, advanced manufacturing, agriculture and education.
Delegates accompanying the Premier on the mission also signed agreements that will help Ontario and India share their expertise and knowledge:
- eCAMION, Ryerson University Centre for Urban Energy and L&T Technology Services will work with the Tamil Nadu Generation and Distribution Corporation and Anna University-Ryerson University Urban Energy Centre to launch India's first community energy storage system at Anna University on the Tamil Nadu state grid.
- With the goal of providing customers with safe and healthy drinking water through cutting-edge technologies and customized water solutions, Process Research ORTECH (PRO), a Mississauga-based company that incubates and commercializes innovative technologies for process industries, signed a $10-million MOU to form a strategic partnership with Eureka Forbes, India's leading health and hygiene company. Through this collaboration, the companies will leverage their core competencies and skills to introduce a unique and innovative technology with Automated Variable Filtration (AVF), a high-quality water filtration system, to India.
- Seneca College and College of Engineering Pune announced that they will launch an innovative project competition in the area of health care through Seneca's incubator HELIX (Health Entrepreneurship and Lifestyle Innovation Xchange). This tri-party MOU, also with the City of Markham, will promote global entrepreneurship among young entrepreneurs from India and Ontario.
- Clearford Water Systems and Essel Group announced that they will work together to bring an all-in-one wastewater collection and treatment system to India. This includes identifying a village for a demonstration site.
- McMaster University and Indian Institute of Technology - Bombay announced that they will work together on new collaborative research initiatives and training models. Key areas are automotive research, materials and biotechnology.
- DataWind announced three MOUs during the mission. In Amritsar, the company announced a new product for the Indian market designed in Ontario. In Hyderabad, the company announced a new partnership with the Government of Telangana to open a manufacturing base, which is expected to be in production within months. In Mumbai, the company announced a new relationship with Naaptol to develop 4G tablets in India.
The Premier also met with representatives from several Indian companies -- including ICICI Bank, Mahindra Group and the Tata Group -- to promote Ontario as an ideal place to invest, and participated in a financial services roundtable held by the Canada-India Business Council.
The Premier attended a Bollywood-style film event in Mumbai, where she met with leaders from India's film industry to promote Ontario as an ideal location for future productions.
Attracting new investment and helping the province's businesses compete globally is part of the government's plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan is investing in people's talents and skills, making the largest investment in public infrastructure in Ontario's history, creating a dynamic, innovative environment where business thrives, and building a secure retirement savings plan.
- In total, 16 new agreements were signed in Mumbai. This is in addition to the 49 agreements that were signed during the Premier’s visit to New Delhi, Chandigarh and Hyderabad, bringing the total number of agreements signed during the mission to 65.
- Premier Wynne signed MOUs with five Indian states during the mission. These agreements will make it easier for the regions to work together in areas of mutual interest.
- Ontario has International Trade and Investment Offices in Mumbai and New Delhi that can help Indian companies do business in Ontario and provide information to Ontario businesses about opportunities in India.
“In order to keep our economy strong and prosperous, we need to continue looking for opportunities to expand our trade with new and emerging markets. This mission has strengthened Ontario’s relationships with India, and created new opportunities for Ontario businesses. By signing new memorandums of understanding and agreements valued at more than $240 million, which will create more than 150 high-value jobs in Ontario, we have strengthened our economy and demonstrated that Ontario is one of the best places in the world to do business.”
“The tremendous success of the mission builds on our longstanding relationship with India and also reinforces Ontario’s profile on the world stage. Our government will continue working collaboratively with our business and research communities to build an innovative, dynamic economy that supports long-term growth and job creation.”
“This mission to India was an opportunity to strengthen government-to-government connections and reinforce trade development and investment opportunities. The agreements signed during this mission build on Ontario’s long-standing friendship and collaboration with India. These investments will create high-value jobs and generate economic growth across our province.”