Canada courting Indian business partnerships in race to seal trade deal - CBC
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Canada’s largest trade mission to India in 30 years has netted about 30 commercial partnerships worth $300 million, according to International Trade Minister Maninder Sidhu. "It’s a market we can’t ignore," Sidhu told CBC News in an interview in Mumbai this week. A weeklong trade pitch to India wrapped up Friday in Bengaluru, a southern Indian city with a large high-tech industry. The 300-member Team Canada also visited Mumbai to connect Canadian businesses and industry with Indian ventures. At a news conference, Sidhu announced a partnership between the international airports in Vancouver and Bengaluru, "laying the groundwork for direct air service between Canada and one of the world's fastest-growing markets," he said. The trade minister also highlighted that Canada’s Fairfax Financial Holdings acquired a majority stake in IDBI, an Indian bank, for close to $8 billion, the largest-ever foreign investment by a Canadian entity in India’s financial sector, according to Sidhu. "It shows the enormous opportunity for Canadian investors doing business here in India. And it's a vote of confidence in the Canada-India relationship," he said.
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