PROCESS: How do you look at the Indian market in terms of business opportunities?
Duguid: Ontario remains committed to strengthening its bilateral partnership with India. There is a natural alignment in several sectors, including clean technology, infrastructure, education and information and communication technology (ICT), with the sustainable development priorities of Prime Minister Modi’s government.
The Government of Ontario has a permanent presence in India with two trade and investment offices operating out of the High Commission of Canada, New Delhi and the Consulate General of Canada, Mumbai. The offices’ principal mandate is to facilitate bilateral trade.
With the Indian GDP growth estimated at 7.5 per cent for 2015–16, India is poised for longterm sustainable growth. To support this growth, India has identified that it needs to invest heavily in infrastructure. The US$1 trillion of infrastructure spending identified in India’s last five year plan (2012–17) gives a fairly good impression of the scale of what is needed. Hence, infrastructure can be considered as the promising sector.
Government of India’s Smart City initiative is another optimistic area. To highlight the mutually beneficial alignment of Ontario’s strengths with the sustainable development priorities of the Indian Government and to showcase what Ontario companies have to offer in this regard, the Premier of Ontario, Kathleen Wynne, will lead a large business delegation to India in late January or early February 2016.
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