India and Canada are on the cusp of a new era of commerce that will create jobs and benefit both economies, Canadian Finance Minister Joe Oliver said, underlining the need for boosting ties to tap the unrealised potential in energy, education and agriculture sectors.
The two countries enjoy "historic bilateral relations" and there is a room to expand trade, to cooperate on energy, agriculture and education through strategic partnership, Oliver said.
He said: The Canada-India friendship is also one of unrealised potential. It has the ingredients to be one of the greatest partnerships for both our countries.
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Describing India to be emerging as an "Asian giant", Oliver said that the cooperation between the two countries will create jobs and benefit both the economies.
After honouring 12 Indo-Canadians for their outstanding contributions to Canadian economy at the Indo-Canada Chamber of Commerce's (ICCC) Annual Awards, the minister said that the 21st century was destined to be the Pacific century.
Referring to the Canada-India Nuclear Cooperation Agreement, Oliver said that it had opened up a multi-billion dollar opportunity for Canada to sell uranium and nuclear supplies and services to India.
"This is a part of our strong complementary interests in the energy sector. We need to diversify our markets and India wants to diversify its sources of supply, including with Canada secure and reliable friend," the minister said.
"This is a part of our strong complementary interests in the energy sector. We need to diversify our markets and India wants to diversify its sources of supply, including with Canada secure and reliable friend," the minister said.
Jason Kenney, Canadian Minister of Employment and Social Development and Minister for Multiculturalism received ICCC President's award for 2014 for his outstanding contributions in promoting bilateral ties between the two countries.
Among those who were honoured at the event were Sarab Hans, Managing Director, Hans Dairy; Sanjeev Sethi, Founder of the a chain of restaurants.
Shanthi Johnson, Professor, Associate Dean, Faculty of Kinesiology & Heath Studies, University of Regina; Professor Deep Saini, Vice President, University of Toronto; Aaron-Joshua Pinto, Youth community Leader; Nikhil Seetharam, Music composer; Alok Goel, founder and President of Omtec Inc.
