India and Canada will benefit from tech partnerships

The path to economic growth is through innovation. Globalisation and technology are reshaping how the world lives and works

Bs_logoImage
Marc Garneau
Last Updated : Nov 11 2017 | 9:22 PM IST
Canada is home to one of the largest South Asian communities abroad, per capita. In fact, close to 1.2 million Canadians are of Indian heritage. Canada and India enjoy a longstanding relationship built on our shared traditions of democracy and strong interpersonal connections.

India remains the fastest growing economy in the world and is a priority market for Canada. The vibrancy of Canada’s cultural and people-to-people ties with India is a competitive advantage we have not yet fully tapped for our mutual benefit. Now is the time to seize opportunities, be ambitious and expand two-way investment. 

The path to continued economic growth for our two countries is through innovation. Globalisation and technology are reshaping how the world lives and works. Canada and India are ideal partners who can benefit from each other’s ideas. 

That is why we are proud to be the partner country of the 23rd Technology Summit this November in New Delhi — India’s largest knowledge and technology conference and exhibition.

François-Philippe Champagne, Canada’s minister of international trade, Navdeep Bains, Canada’s minister of innovation, science and economic development, and I will lead a trade mission to India during the week beginning November 13 with a delegation of Canadian business people.

The Canadian companies coming to India for the India-Canada Tech Summit are world-leading innovators that, when partnered with innovative Indian companies, will help improve lives and drive growth.

The tech summit will showcase the strength and future potential of our two countries’ active and diverse science and technology relationship.

Our delegation will then travel to Mumbai, Kolkata, Pune and Bengaluru for sector-specific business programmes, drawing on our two countries’ people-to-people ties from north to south and east to west across the subcontinent.

Both India and Canada are world leaders in transportation, specifically in the areas of rail, aviation, infrastructure and intelligent transportation systems.

Intelligent transportation systems are a broad range of diverse technologies that make transportation systems safer and more efficient, reliable and environmentally friendly without necessarily having to physically alter existing infrastructure. 

The Government of Canada is working with industry and other partners to promote research and development in new transportation technologies like unmanned aircraft systems, zero-emission vehicles, and connected and automated vehicles. By working together, we can share best practices and help each other be at the forefront of new technologies. 

That is why we have in place three important Memoranda of Understanding (MoU) related to transportation. They provide for greater engagement between Canada and India in the areas of civil aviation and road and rail transportation.

1. The Canada-India MoU to increase cooperation in rail transportation by fostering communication, information sharing, and the exchange of best practices in the rail sector, including rail safety.

2. The Canada-India MoU to deepen cooperation in road transportation in the fields of road safety, highway management, and the application of intelligent transportation systems. 

3. The Canada-India MoU to promote and expand cooperation in civil aviation in areas such as aviation safety, security, policy, and regulations. 

Our team looks forward to gaining a deeper awareness of the opportunities in India and taking advantage of many networking and partnership development opportunities. 

I personally look forward to meeting and working with you and to exploring innovative business solutions that can benefit both our countries.   

The writer is Canada’s Minister of Transport. He was earlier an astronaut who went on to become President of the Canadian Space Agency, before entering politics

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories

  • Over 30 subscriber-only stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper