Thursday, September 20, 2007

Quebec – India Trade and Economic Relations a win-win Partnership

Trade and Economic relations between Quebec and India is a win -win partnership for both said Quebec Minister for Economic Development, Innovation and Export Trade Mr. Raymond Bachand addressing the captains of Industry during an interaction organised by the Confederation of Indian Industry (CII) in Bangalore today. Mr. Bachand said that a lot of synergies exist between India and Quebec which is the second largest province in Canada and said his state believes that the way forward for this synergy is the economic growth through Innovation.

Mr. Bachand said that over the years the world have seen the emergence of India as the most dynamic and vital economy and Quebec offers the right mix of resources , expertise and dynamics to partner with India. Mr. Bachand said that the world’s best companies have set up shops in Quebec and added that the state is the Research and Development Hub in Canada with 2.7 % of the GDP being spent on R & D Activities. The Quebec region is also an aeronautical Hub providing huge opportunities for companies based in Bangalore to collaborate. He further added that India and Quebec have lot of similarities in terms of values of tolerance and multiculturalism and commended on the quality of Engineering and scientific research students in India as one of the best in the world.

In his presentation, Mr. Jacques Daoust, Chairman of the Board and Chief Executive Officer, Investment Quebec said that the areas of economic cooperation between Quebec and India includes Aerospace, Life Science, Information Technology , Transportation, Energy and mining. Mr. A.K Saxena, Vice Chairman, CII Karnataka said that close relationship between Quebec and India is the way forward to strengthen the Trade and Investment. Meanwhile Alchemic Dream Inc, a Canadian company specializing in Customer Services announced an agreement with Comat Technologies a provider of outsourced business solutions. Alchemic Dream and Comat Technologies have partnered to capture a bigger market share through a new support center based in India, in order to further develop the growing demand in the online Industry

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