Close X
Tuesday, November 5, 2024
ADVT 
National

Justin Trudeau Announces Two-way Investment Deal With India Worth $1 Billion

The Canadian Press, 20 Feb, 2018 10:49 AM
    MUMBAI, India — Some of India's biggest companies say they will invest more than $250 million in Canada in the coming years in everything from pulp mills to pharmaceuticals and the IT sector.
     
     
    Canada, meanwhile, will invest $750 million in India.
     
     
    The news came after Prime Minister Justin Trudeau spent his third morning in India meeting with six of this country's most influential business tycoons making deals that he says will create at least 5,000 new jobs in Canada.
     
     
    All of them say Canada is a welcome place to do business and their experiences so far have left them wanting more.
     
     
    Kumar Birla, the chairman of Indian conglomerate Aditya Birla Group and the country's eighth wealthiest person, says the business friendliness of the federal and provincial governments in Canada makes for happy investors who will always come back looking for more.
     
     
    He says his company — which is largely focused on the natural resources sector and already owns pulp mills in Ontario and New Brunswick — has three business expansions planned in Canada in fibre, carbon black and rolled aluminum products.
     
     
    Salil Parekh, CEO of the IT consulting company Infosys, says their presence in Canada will double in the next two years while the pharmaceutical company Jubilant Bhartia says it plans to invest more than $100 million more in Canada in the next five years.
     
     
     

    MORE National ARTICLES

    'Waited So Long:' Quebec Man Charged In Alberta Woman's Death 16 Years Ago

    'Waited So Long:' Quebec Man Charged In Alberta Woman's Death 16 Years Ago
    A Quebec man has been arrested in the slaying of a 21-year-old woman 16 years ago.

    'Waited So Long:' Quebec Man Charged In Alberta Woman's Death 16 Years Ago

    Challenges Ahead For NDP's Jagmeet Singh After Rousing Party Convention

    Challenges Ahead For NDP's Jagmeet Singh After Rousing Party Convention
    OTTAWA — Federal New Democratic Party Leader Jagmeet Singh emerged from his party's national convention with a strong mandate to overcome the many challenges ahead for the NDP to beat the Liberals at their own game and deliver in 2019.

    Challenges Ahead For NDP's Jagmeet Singh After Rousing Party Convention

    Elderly Man Dead Following Basement Fire In East Vancouver Home

    Elderly Man Dead Following Basement Fire In East Vancouver Home
    VANCOUVER — An elderly man has died following a house fire in a Vancouver after emergency crews had difficulty finding him in a basement suite.

    Elderly Man Dead Following Basement Fire In East Vancouver Home

    NDP Leader Jagmeet Singh Attacks Web Giants, Defends Taxes In Call-to-arms For Equality

    NDP Leader Jagmeet Singh Attacks Web Giants, Defends Taxes In Call-to-arms For Equality
    Jagmeet Singh issued a call-to-arms against inequality as he sought to put his stamp on the federal NDP on Saturday by taking aim at the Trudeau government and foreign web giants while offering a full-fledged defence of taxes and public services.

    NDP Leader Jagmeet Singh Attacks Web Giants, Defends Taxes In Call-to-arms For Equality

    B.C. Mom Whose Two Sons Overdosed Urges Doctors To Check Prescription History

    B.C. Mom Whose Two Sons Overdosed Urges Doctors To Check Prescription History
    Letters she sent in both cases to the College of Physicians and Surgeons of British Columbia alleging the careless prescribing of potentially dangerous medications are neatly organized among responses from doctors.

    B.C. Mom Whose Two Sons Overdosed Urges Doctors To Check Prescription History

    Florida School Shooting: Vancouver Artist Pia Guerra Draws Beautiful Tribute To Aaron Feis

    Florida School Shooting: Vancouver Artist Pia Guerra Draws Beautiful Tribute To Aaron Feis
    A Vancouver illustrator said she's overwhelmed by the social media response to her cartoon depicting a victim of the recent school shooting in Florida.

    Florida School Shooting: Vancouver Artist Pia Guerra Draws Beautiful Tribute To Aaron Feis