A large number of companies in Ontario, Canada, are looking for new business opportunities in India as they find the country an exciting destination for investment.
"We believe that a closer economic relationship with India could deliver commercial benefits to businesses on both sides," Pradeep Sood, Chair of the Ontario Chamber of Commerce (OCC) said in an interview.
Sood is the first Indo-Canadian to hold this prestigious position.
The OCC is a federation of 160 chambers of commerce and boards of trade in Ontario province, representing 63,000 businesses of all sizes across sectors.
He said efforts the Canadian government are making effort to make India a key priority in the country's foreign and trade policy agenda.
"We have two strategic partners outside North America, India and China, and we are working diligently.
"The visit of Prime Minister Manmohan Singh to Toronto in June as part of the G-20 Summit and visit of Canadian Prime Minister Stephen Harper to India in November last had given fresh impetus to the bilateral relationship between India and Canada," he said
Welcoming the proposed Foreign Investment Promotion and Protection Agreement (FIPPA) between the countries, Sood said that it would benefit both Canadian and Indian investors.
Sood said that he looks forward to welcoming Minister of Commerce and Industry Anand Sharma's visit to Canada in the next few days.
