Referring to the economic scenario in India, Shri Kamal Nath informed the Canadian CEOs that the Indian economy had grown by 9% and the aim was to take this growth to 10% in the next couple of years.
“Growth of this magnitude would unleash demand of various kinds. We are now faced with the need for better infrastructure, particularly power, roads, energy, environmental technology and raw materials."
"This would also open-up new opportunities for Indian and Canadian companies to work together in these critical areas. In this context, the recent visits to India by the Minister for International Trade, Mr. David Emerson, and the Canadian Infrastructure delegation, were very useful. We need more such visits from both sides”, he said.
Earlier, Shri Kamal Nath, who is on an official visit to Canada from 16-18 June, had bilateral meetings with Mr. David Emerson, Minister of International Trade, Canada; and Mr. Dalton McGuinty, Premier of Ontario, besides bilateral interaction with the Premier of Quebec.
India and Canada have also concluded negotiations for a Bilateral Investment Protection Agreement to provide an impetus to the two-way investments, Shri Kamal Nath said.
Press Information Bureau Government of India
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