'India's dynamic market': Canada Trade Minister Sidhu highlights opportunities for Canadian firms
Canadian International Trade Minister Maninder Sidhu has highlighted opportunities for Canadian companies in India's "dynamic market", identifying artificial intelligence, quantum computing, aviation infrastructure, digital innovation, sustainability and smart mobility as key areas for bilateral cooperation.
Bengaluru, India's Innovation Hub, served as the backdrop for Canadian International Trade Minister Maninder Sidhu's visit, where he showcased the vast opportunities Canada's firms could tap into in India. Sidhu spotlighted artificial intelligence, quantum computing, aviation infrastructure, digital innovation, sustainability, and smart mobility as prime areas for collaboration between the two nations.
He emphasized the potential for Canadian companies such as Kinaxis, OpenText, CGI, CAE, Magellan Aerospace, MDA Space, and BCE Global Tech to thrive in India's burgeoning market. Sidhu also pointed out the airport expansion in Bengaluru as a prime example of Canada's investment opportunities, citing success stories like those of Fairfax Financial, Genetec, Transoft Solutions, and RBH Access.
Sidhu emphasized that Canadian firms are eager to leverage India's talent for technology, innovation, and long-term partnerships. He reiterated India's significance in Canada's strategy to diversify export markets away from the United States, noting India's growing economy and population. Sidhu concluded by announcing that Canada and India were negotiating a Comprehensive Economic Partnership Agreement to further strengthen their commercial ties and unlock more opportunities for businesses and workers.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
