Vadodara: The city may become home to a representative office of Indo-Canadian Business Chamber.
A Canadian delegation recently visited the city and met top industry players for strengthening trade relations.
After the meeting, consul and head of trade and investment at Consulate General of Canada in Mumbai, Carlos Rojas-Arbulu said the Indo-Canadian Business Chamber is contemplating to open a representative office here to boost trade ties with the city.
“It’s time to tap potential of cities like Vadodara that already has ties with Canada. These ties can be further enhanced and new ones can be explored,” he said.
Carlos said information and communications technology is one of the top priority areas of Canadian government, followed by automotive sector, agriculture, clean technology and infrastructure among others.
“There is immense potential for Vadodara to collaborate with Canada in areas of education, digitization, food and clean technology as well as bilateral trade between small and medium businesses,” he added. The bilateral trade between India and Canada is about $10 billion and estimated to grow to $60 billion in the next five years, the envoy said.
Canada also sees a huge opportunity to associate with Vadodara in the field of education, which is directly co-related to growth of industries in the region, he said.
“In this context, Vadodara hits all the right chords when it comes to doing business with Canada.”
“We also realize that India's drive towards becoming $5 trillion economy rests on the shoulders of key cities like Vadodara, and Canada can help the city in realizing its full potential,” the official said.
A Canadian delegation recently visited the city and met top industry players for strengthening trade relations.
After the meeting, consul and head of trade and investment at Consulate General of Canada in Mumbai, Carlos Rojas-Arbulu said the Indo-Canadian Business Chamber is contemplating to open a representative office here to boost trade ties with the city.
“It’s time to tap potential of cities like Vadodara that already has ties with Canada. These ties can be further enhanced and new ones can be explored,” he said.
Carlos said information and communications technology is one of the top priority areas of Canadian government, followed by automotive sector, agriculture, clean technology and infrastructure among others.
“There is immense potential for Vadodara to collaborate with Canada in areas of education, digitization, food and clean technology as well as bilateral trade between small and medium businesses,” he added. The bilateral trade between India and Canada is about $10 billion and estimated to grow to $60 billion in the next five years, the envoy said.
Canada also sees a huge opportunity to associate with Vadodara in the field of education, which is directly co-related to growth of industries in the region, he said.
“In this context, Vadodara hits all the right chords when it comes to doing business with Canada.”
“We also realize that India's drive towards becoming $5 trillion economy rests on the shoulders of key cities like Vadodara, and Canada can help the city in realizing its full potential,” the official said.
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