Canada keen on increasing business linkages with India

Tags: Canada, India, Economy
Canada is keen on increasing business linkages with India, with particular focus on infrastructure, energy, food security, education, innovation and entrepreneurship, the Governor General of Canada David Johnston said today.

"India and Canada have many things in common like shared traditions of parliamentary democracy, commitment to pluralism and strong people-to-people ties," Johnston said after inaugurating the BSE Institute-Ryerson entrepreneurship incubator at BSE in Mumbai.

The joint venture between the Ryerson University, Toronto and the Bombay Stock Exchange Institute Ltd, named BIL-Ryerson Digital Media Zone, will help fast track start-ups and connect with mentors, customers and investors.

"BIL Ryerson DMZ will offer expert guidance and mentoring to young entrepreneurs with ideas to refine their concepts, set up businesses and also connect them with investors for securing capital," said Sheldon Levy, President of Ryerson University.

Ryerson's Digital Media Zone is one of Canada's largest incubators that has launched 142 projects since its inception in 2010. The MoU for the India-based incubator was signed in July, 2013.

Canada and India have long-standing bilateral relations, with more than one million people of Indian origin based in Canada. The trade between the two countries was valued at approximately $5 billion in 2011-12.

During his 10-day visit to India, covering Delhi, Bangalore and Mumbai, the Canadian Head of State focused on sectors like education, innovation and entrepreneurship.

EDITORIAL OF THE DAY

  • No ifs and buts, please, in India’s engagement with Iran

    Some foreign policy purveyors in this country have for long insisted that India does not leverage its civilisational connections as it should or is ca

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

New masters of the Financial Times

A few days ago, Japan’s leading financial daily Nihon Keizai ...

Anuja Sharma

Focus mindfully to get the result

Have you ever tried to light a fire using the ...

Gautam Gupta

Our fashion schools need to notch it up

“Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture