Canada to tap investment opportunities in India
The survey that has been recently conducted by the Asia Pacific Foundation has revealed that an increasing number of Canadian companies are showing interest to tap into the investment opportunities in India.
The survey that was titled, The Asian Investment Inventions Survey, released in Vancouver on May 31, 2010 stated that the upsurge in interest to invest in India among Canadian companies has gone up from 8 per cent to 13 per cent during the span 2005-2010.
The survey said that China topped the list of favourite businesses with 21.1 per cent respondent companies choosing it as the ideal Asian Investment Market, about 13.4 per cent companies chose India.
The main items that are dominating the Indian export product basket, to Canada, are textiles and apparel, cotton yarn, carpets, floor spreads, gem and jewelry, spices, light engineering goods, footwear, processed food and marine products, etc. This makes the SMEs having huge presence in these sectors hopeful of bright bilateral trade prospects, with Canadian companies looking for greater investment opportunities in India.
The Indians relocating to Canada, the demand for Indian food products, comprising agro food, speciality food, ready to eat as well as organic food has witnessed significant surge in Canada. This has made it easy for the SMEs engaged in the food and beverage industry to acquire a strong foothold in Canada.