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How Canada Creates an Industry–Friendly Environment

| Author / Editor: Swati Deshpande / Dominik Stephan

PROCESS: How do you facilitate international companies who wish to venture into the Canadian market particularly in Ontario?

Duguid: Ontario provides investors and chemical companies with everything they need to develop and produce cost effective, innovative products and services.

We bring together a coordinated team of municipal, provincial, federal and industry representatives with the contacts, expertise and information the company needs, including economy and business climate, date demographic information on education levels and workforce skills, etc and municipal officials, as well as utilities, transportation firms and business facilitators or available commercial and industrial real estate.

We recently launched an Investment Ready Certified Site Program, a first-of-its-kind program in Canada. This provides investors with easy access to key information about properties, including locations and ownership, transportation access and utilities servicing and completed due diligence assessments.

PROCESS: Canada and India have a longstanding bilateral relation. Please throw more light on this.

Duguid: In 2014, bilateral trade between India and Ontario was approximately $2 bn. The province’s top exports into India include metals, industrial furnaces, electrical components and chemicals while Ontario’s largest imports from India include jewellery, medicines and motor vehicle parts. But trade figures do not tell the whole story, as feebased services such as consulting, engineering and other services are not included.

Additionally, almost 600,000 Ontarians have roots in India and maintain close ties with the Indian culture. They are bringing new ideas and business models to the province and from a base in Ontario, within a day’s drive companies are able to access 141 million consumers in the NAFTA marketplace.

Ontario is in the heart of North America, and provides a natural springboard into the North American market. In terms of investment, Canadian and Indian firms have invested over four bn dollars in each other’s economies in 2012. Indian companies that have invested in Ontario include Aditya Birla Group, Essar Group, Suzlon Energy, Solar Semiconductor, Polaris Software Lab Ltd, Mahindra Group and Wipro.

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