Clement urges India to invest in Canada
by investor on 26/02/09 at 1:03 pm
Canada is wide open for business and is still a wise place to invest despite its weakened economy, federal Industry Minister Tony Clement is telling government officials and business leaders in India this week.
Mr. Clement arrived in India on Saturday for a six-day visit to New Delhi and Mumbai, and during a teleconference with reporters Monday he said his two primary objectives there are to encourage more foreign direct investment by Indian businesses in Canada, and to tap into the growing tourist market in India and convince vacationers to pick Canada as a destination.
During the last two days he met with ministers from the Indian government, held a round table with tour company operators to get feedback on how to market Canada, and met with a group of young professionals and entrepreneurs.
“The message was the same: that Canada is open for business, that we have withstood the economic turmoil relatively well, as compared to other G7 and OECD countries, our bank system is one of the few bank systems that hasn’t needed a bailout, for instance, and that we are positioned to get out of the contraction as quickly as possible and then start to grow again,” said Mr. Clement.
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