INDO-CANADA FOREIGN INVESTMENT PROTECTION AGREEMENT ON CARDS: BRIAN PARROTT

INDO-CANADA FOREIGN INVESTMENT PROTECTION AGREEMENT ON CARDS: BRIAN PARROTT

INDO-CANADA FOREIGN INVESTMENT PROTECTION AGREEMENT ON CARDS: BRIAN PARROTT

 

No.PR-122
October 20, 2015
New Delhi

 

INDO-CANADA FOREIGN INVESTMENT PROTECTION AGREEMENT ON CARDS: BRIAN PARROTT
 

India and Canada are closely working to finalize the comprehensive economic partnership agreement as also in the advance stage of concluding the foreign investments protection agreement to enable the two countries to cooperate in host of areas including building smart cities in India with the latter’s engineering and designing capabilities and expertise, according to Minister (Commercial) High Commission of Canada, Mr. Brian Parrott.
 

Inaugurating an International Conference on ‘Smart Cities: Exploring New Business Opportunities’ under aegis of PHD Chamber of Commerce and Industry here today, Mr. Parrott offered his country’s expertise to build some of the smart cities that India proposes to construct to make it a nation of world class infrastructure.
 

“Just as India is moving on to create smart urbanization, Canada has passed through this stage and acquired global expertise in engineering and designing including the project management which the Canadians would be too glad to offer to its Indian counterparts following the comprehensive economic and strategic partnership between India and Canada is finalized including the foreign investment protection agreement is also concluded”, said Mr. Parrott.
 

“318 Canadian companies have their footprints in India and with increased globalization, the number of Canadian companies presence in India will multiply in due course of time, especially when India accepts the Canadian expertise and technological development in building for it a number of smart cities”, he added.
 

Vice President, PHD Chamber, Mr. Gopal Jiwarajka in his welcome remarks, lauded the spirit of the Canadian corporations that are likely to host partnership with their Indian counterparts to build smart cities and help India improve upon its existing urban infrastructure.
 

Chairman, International Affairs Committee – Americas (North), PHD Chamber, Mr. Deepak Pahwa stressed the need for thickening the economic and business partnership with Canada as India and Canada have lots of similarities and complementaries to make up for each other.
 

According to him, “exploring the PIVOT concept is primarily the focus of the conference as the Chamber would like to highlight it will enable creation of tools calibrated to the local context which support informed decision-making.  These tools will further aid in the evaluation of urban development scenarios, assisting policy makers in coordinating land use, transportation, and infrastructure to support the economic activity and economic growth in the city”.
 

Secretary General, PHD Chamber, Mr. Saurabh Sanyal in his vote of thanks, offered the help of PHD Chamber to connect and interlink the corporations of the two nations for building mutually beneficial partnership between India and Canada.
 

ENDS

Koteshwar Prasad Dobhal
Consultant (PR)