Canada to come up with trade ventures in North East

 Sai Nikesh | The Dollar Business The Canadian High Commissioner in India, Nadir Patel, on Monday, expressed the Government of Canada’s interest to work in collaboration with India in various areas of interest. The Ambassador accompanied by two NRI Canadian entrepreneurs Mukund Purohit and Vikram Khurana, called on the Union Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region (DoNER) and discussed some possible joint ventures of mutual interest for both the economies. Appreciating India’s rapid development in space technology, the Canadian official also referred to the country’s reported plans towards development of capability for heavy and high throughput satellites. The Ambassador expressed the Canadian scientists’ eagerness to share technical know-how with the Indian counterparts, in this regard. Responding to the Canadian official, the Indian Minister said, “Most of the recent Space Missions by Indian Space Research Organisation (ISRO) were more or less totally indigenous and lived up to Prime Minister Narendra Modi’s concept of ‘Make in India’. India launched 13 foreign satellites during the last three years from January 2012 to February 2015, Canada holds the major share by providing 4 satellites in total, out of 13 foreign satellites, followed by France (2), Austria (2), Japan, Canada, Austria, Denmark, Germany and Singapore, which hold a single digit share. The Indian Minister also highlighted key issues pertaining to the development of the North-East region with the Canadian delegation. In this regard, the Minister informed the Canadian delegation about the future project plans in the region, in view of promoting outside investments, aimed at regional development and generation of employment opportunities. Responding to the Ministers’ proposals, the Canadian representatives assured the Minister that they would come up with the trade ventures, schemes for developmental projects in the region.  

 This article was published on March 17, 2015.