Canadian Consul and Senior Trade Commissioner in South India Kyle Nunas on Tuesday showcased investment potential in his country and sought investments from Visakhapatnam in IT, tourism, education and other sectors in Canada.
During an interaction with the members of Confederation of Indian Industry (CII) at a meeting conducted here, he said the bilateral ties between Canada and India were increasing due to good relationship between the two countries. Stating that Canada was the world leader in innovation policies, post-secondary research, start-up ventures and transparent governance and liberal taxation system, he said despite the recession, Canada had bounced back fast with good flow of FDI in various sectors and a robust economy.
Mr. Nunas said Canada stood first among G-7 countries in infrastructure and third overall in the rest of G-7 nations. “Our main asset is a sound banking system,” he said. He said there was plethora of opportunities for investors in Canada. He said Canada with relative cost advantages, congenial business environment, superb quality of life and a society rich in multiculturalism had turned into a global investment destination. Speaking at the meeting, Canada’s Trade Commissioner in Hyderabad Vikram Jain said premier educational institutions like ISB, Hyderabad and GMR Business School had tied up with Canadian institutes. Indian Institute of Science and IITs had collaborations with top-notch Canadian institutes. CII Vizag zone chairman G. Sambasiva Rao said Canada should explore investment opportunities in Visakhapatnam in logistics, supply chain management, infrastructure, higher education and tourism with the city fast turning into an industrial, software and tourist hub.