Canada Invites Indian Companies Into Manufacturing Sector .

New Delhi: More than 150 Indian engineering companies will participate at The India Show in Toronto, Canada, from 17-20 October 2011. It will be the biggest show of Indian engineering companies in Canada and a major effort to promote ‘Brand India’ in the North American continent.

The show will showcase India’s strength in Automobiles, Auto-components, Electric Goods, Space Research and Science and Technology and many other engineering items. Some Indian companies at the Show will be Tata Motors, Tata Steel, Heavy Engineering Corporation, Bajaj International and Mahindra Reva Electric Vehicles.

The show will have sectoral representations in Science & Technology, Space Research, Heavy Industries, Defence, and Tourism as well as Indian States like Jharkhand, Madhya Pradesh, etc. to promote investments in the manufacturing sector.

"Bilateral trade between India and Canada was under US$4.06 billion, well below the potential. He said that India and Canada had set a target of tripling bilateral trade by 2015 and engineering was the safest bet to reach this target”. Engineering exports, with more than 25% share, is the largest segment of India’s total exports. In 2010-11, it was US $ 60 billion. In April-August 2011, it was US $ 39.24 billion, a share of 29.18%. But India’s engineering exports to Canada was only US $ 0.265 billion, a mere 0.24% of Canada’s total engineering imports. The India Show in Toronto will attempt to change that," said Anup Wadhawan, Joint Secretary, Ministry of Commerce & Industry.

Dr Rahul Khullar, Commerce Secretary, Ministry of Commerce & Industry will lead the Indian delegation to the Canadian Manufacturing Technology Show.

"A special effort would be made to promote the small and medium scale enterprises because they were the largest segment in the engineering sector. EEPC India hoped that the working models from the Department of Science & Technology, ISRO, and the Mahindra Reva Electric Car and Tata Nano would be a big draw at the event," said Aman Chadda, Chairman, EEPC.

"India is a huge knowledge economy and its prowess in science & technology, ITES and services are well recognized. Indian companies should come to Canada and invest in manufacturing sector. She said that Indian companies are known for low cost manufacturing. She further asked Canadian companies to work in the infrastructure sector. The India Show will be part of the Canadian Manufacturing Technology Show (CMTS), the largest manufacturing exposition in North America and Canada’s ultimate manufacturing event organized once every two years by the Society of Manufacturing Engineers (SME), Canada. India is the ‘Strategic International Partner’ at CMTS. India represents a dynamic business proposition, which will be projected by IBEF across The India Show in Toronto. In the run up to the Show, EEPC India and the Indo-Canadian Business Chamber organised several road shows in India," said Sara Wishaw, Minister Commercial, from the High commission of Canada.

Source : machinist.in