Canadian province Alberta seeks investments from India

Tags: News
The Canadian province of Alberta today sought large-scale investments from India in oil & gas and agriculture sectors.

Alberta Premier Alison Redford, who is on an India visit, said her province wants to benefit from the expanding Indo-Canada trade ties.

"I believe that there's much more room to diversify and grow. As India expands domestic exploration and production in oil and gas, even more opportunities for collaboration and investment will open up, including many beyond energy," she told PTI here.

Alberta is the third largest oil producer and leading LNG producer in the world, Redford said.

"Currently, the bilateral trade between India and Canada stands at USD 5.2 billion, which may surpass USD 15 billion by 2015. We see some large investments from Indian companies in Alberta in the near future," she said.

Redford, who will be in India till January 17, is leading a trade mission to explore cooperation in the energy and agriculture sectors.

The trade mission will allow us to open new doors for Alberta organisations and enable Indian businesses to identify new opportunities in the Canadian province, she said.

The visiting Premier opened a new trade office of her province yesterday in New Delhi.

The office will play a crucial part in continuing to encourage trade and investment between the two regions by "providing on-the-ground resources and connecting Alberta and India companies," she added.

Redford will also be visiting Bangalore and Amritsar.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The current value of the rupee does not merit market intervention

    The rupee, losing 40 paise per month against the dollar since May, is expected to remain under pressure till the calendar runs out on December 31, bef

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture