Strengthen trade and investment ties with India
Oct. 04, 2019
Global Korean Post
Helping Ontario businesses gain access to strategic markets, Vic Fedeli, Minister of Economic Development, Job Creation and Trade will lead a business mission to India from November 18 to 22. The business delegation will travel to New Delhi and Mumbai to leverage Ontario’s strengths in Information and Communication Technologies (ICT) and Infrastructure.
India is the seventh largest economy in the world, and one of the fastest-growing markets. Ontario’s jobs are the most export reliant in Canada with 1 in 5 workers, or 1.3 million people, dependent on exports.
“In order to compete and succeed globally, you have to move at the speed of business to capitalize on valuable economic opportunities and investment dollars,” said Fedeli. “Made in Ontario means a standard of quality that is second to none and we will proudly promote our goods and services in key markets like India so that we can grow our economy and create good jobs here at home.”
With $3.1 billion in two-way trade between Ontario and India, nine per cent of Canadian exports to India are from Ontario. Home to one of North America’s largest ICT sectors and world-class technology industries, Ontario is well-positioned to seize opportunities for greater collaboration and growth with India, which is on track to become the largest sourcing destination for information and technology.
Minister Fedeli will be joined by business leaders from ICT and Infrastructure sectors who will explore potential partnerships and investment opportunities while in-market.