Vic Fedeli, Minister of Economic Development, Job Creation and Trade, is back in Ontario following what he is calling a "productive" business trade mission to India.
“Our message was well-received by government and business partners alike who share in our ambition to increase economic growth through greater trade and investment," said Fedeli. "The Ontario businesses who joined us on this mission demonstrated without a shadow of a doubt why Ontario products, services and innovations have the reputation of being world-class.”
Fedeli listed a number of positive results.
- After months of engagement with the province, VVDN Technologies announced their new facility in the Kitchener-Waterloo area that will create 200-plus engineering jobs.
- Seneca College signed Memorandums of Understanding with the Thakur Institute of Management Studies and Research, the National Institute of Financial Management, GD Goenka University and the Institute of Secretariat Training and Management.
- Ontario, home to one of the largest Information and Communication Technology sectors, met with representatives of the State of Karnataka — India’s leader in information technologies to advance a formal partnership that would provide Ontario with a competitive advantage to access this market and develop opportunities for increased trade, investment, and partnership.
Ontario’s infrastructure delegates also met with Indian businesses to explore opportunities for future partnership to meet India’s needs.
India has announced it will spend US$1.5 trillion in various infrastructure projects including highways, railways, ports, airports, renewable energy, smart cities and transportation builds over the next five years.
Fedeli also participated in the Indo-Canadian Business Chamber’s annual conference in New Delhi and a Canada-India Business Council discussion in Mumbai on “Positioning Canada’s Regional Strengths.” The discussion highlighted the government’s commitment to developing new business ties and exploring new opportunities for greater trade and investment between Ontario and India.
Fedeli led 12 business delegates from Ontario’s information and communications technology and infrastructure sectors on the mission.
Over five days, the province helped facilitate nearly 150 business-to-business meetings that brought Ontario companies in direct contact with Indian businesses to explore new partnerships.
See related: Spring Mission to India
