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2012-10-05

British Columbia seeks partnership with Indian SMEs

British Columbia, Canada’s westernmost province, is looking to partner with Indian SMEs for trade and business. The announcement came at an interactive session organised by PHD chamber of Commerce along with delegates from British Columbia, on Thursday in

British Columbia, Canada’s westernmost province, is looking to partner with Indian SMEs for trade and business. The announcement came at an interactive session organised by PHD chamber of Commerce along with delegates from British Columbia, on Thursday in Chandigarh, for exploring business opportunities between British Columbia and India.

Chaitanya Patil, Director, India Trade and Investment, British Columbia, said, “The Government of British Columbia (BC) is pro-business and keen on building linkages with SMEs of this region. BC has a skilled and inventive workforce, competitive business costs and a high quality of life. The excellent research centres, innovative culture and expeditious supply chain gives BC a strong competitive advantages in several key industry clusters, such as agriculture, food processing, education and green technology.”

RS Sachdeva, co-chairman, Punjab Committee of PHD Chamber, said, “India being one of the key markets for BC is one of the fastest growing, 11th largest economy in the world and is predicted to quadruple by 2020. The Indian economy is fuelled by skilled labour, innovation and research capabilities, a strong services sector and steady expansion of its domestic market, there is great potential for increased bilateral trade between both countries.”

Patil also gave a presentation and discussed the profile, geography and economy of BC and pointed out that British Columbia is Canada’s Pacific Gateway, at the crossroads between Asia and North America.

He added, “We are looking at new and emerging sectors like tourism, film, ICT, high technology, green energy etc.”

Earlier while initiating the discussion, Dalip Sharma, Regional Director, PHD Chamber said, “India and Canada have longstanding bilateral relationship based on shared democratic values, the multi-cultural, multi-ethnic and multi-religious nature of two societies and strong people-to people contacts. In recent years, both countries have been working to enhance bilateral co-operation in a number of areas of mutual importance.”

GS Sobti, Trade Advisor, Canadian High Commission, Chandigarh, gave an overview of Canada that “offers good opportunities for investment as the country is endowed with vast natural resources.”

Sobti added that Indian and Canadian companies could cooperate in exploring the possibility of setting up joint ventures in third countries.

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