'The year of Canada and India': Wynne prepares for trade trip

TORONTO -- Ontario Premier Kathleen Wynne leaves this week for a 10-day trade mission to India, saying now is the time for Canada to foster more relationships with the burgeoning country.

See Full Article

In addition to Wynne's trip -- which includes nine Liberal MPPs, 50 business leaders, 19 representatives of post-secondary institutions and three municipal leaders -- she said Prime Minister Justin Trudeau is planning to travel there, as is Toronto Mayor John Tory.

"While we're about to take a big step forward in India and start a new chapter in our partnership, it's the evolution of a long-standing friendship that goes back generations," she said at a recent pre-mission luncheon. "This can really be the year of Canada and India."

Wynne's trip coincidentally comes on the heels of another Canadian delegation to India -- the Opposition Progressive Conservatives. Patrick Brown, who is friends with Indian Prime Minister Narendra Modi and had visited the country 15 times before becoming Tory leader last year, returned there earlier this month along with several Tory MPPs.

"Relationships matter. Relationships open doors," Brown said over the phone Thursday as he was about to head for home. In addition to Modi, Brown met with several chief ministers and industrial leaders there.

Brown said he applauds Wynne for leading a mission to India to tap into a market where there is much interest in Ontario.

When asked if Brown's trip stole some of her thunder, Wynne said she will be taking business leaders with her to generate "real business" in Ontario.

"Patrick Brown has travelled as a private citizen to India, I'm going as the premier of Ontario," she said. "Patrick Brown can do what he chooses on his winter vacation."

Brown said he would not respond to "personal attacks."

Wynne and her delegation will travel from Jan. 27 to Feb. 6 to New Delhi, Chandigarh, Hyderabad and Mumbai and will focus on infrastructure, clean technology, clean water and the life sciences sector. Ontario has pledged to spend $134 billion over 10 years on infrastructure, while India plans to invest over US$1 trillion in infrastructure over the next 20 years.

John Farrow, chair of the civil engineering consulting firm LEA Group Holdings, is one of the business delegates travelling with Wynne and is looking to build on the 25 years of business his company has already been doing with India.

"India is a country that is building a lot of infrastructure," he said. "I think that the common element and one of the elements that links Ontario with India is they both have experience with rapid urban growth...Engineering has got a fairly low cultural content so if you can design a bridge in one language you can design it in another, which makes it a very international business."

Wynne said her trade mission to China last year resulted in $2.5 billion worth of agreements and she is hoping to build on that momentum.

"This is a newer relationship in terms of solid business connections than for example China, so it will be on a different scale, but I absolutely think that you will see there will be real business, real jobs, real exchange, real trade that will develop because of this trade mission."

The delegates on Wynne's trip will be paying their own way and a spokeswoman for the premier said the government members' expenses will be posted once final.



Advertisements

Latest Economic News

  • Toronto Millennials dream of backyards but are stuck in condos: report

    Economic CTV News
    Toronto Millennials are the most educated group in Canada, but high housing costs are keeping some of the country’s most qualified workers in their parents’ basements or pushing them out of the province altogether, a new report suggests. Source
  • Facebook's Mark Zuckerberg apologizes to EU lawmakers over data leak

    Economic CBC News
    Facebook boss Mark Zuckerberg apologized to European Union lawmakers on Tuesday for a massive data leak, in his latest attempt to draw a line under a scandal that has rocked the world's biggest social media network. Source
  • What your kids should know about money in kindergarten, grade school and high school

    Economic CTV News
    Too many Canadians are reaching adulthood without the skills to successfully manage their financial futures, according to personal finance coach David Lester. The best way he sees to build that knowledge is for parents to start schooling their kids about money as early as possible. Source
  • The New York Stock Exchange just named its first female president in its 226-year history

    Economic CBC News
    The New York Stock Exchange for the first time in its 226-year history will be led by a woman. Stacey Cunningham, who started her career as a floor clerk on the NYSE trading floor, will become the 67th president of the Big Board. Source
  • New York Stock Exchange just named the 1st female president in its 226-year history

    Economic CBC News
    The New York Stock Exchange for the first time in its 226-year history will be led by a woman. Stacey Cunningham, who started her career as a floor clerk on the NYSE trading floor, will become the 67th president of the Big Board. Source
  • Ex-Valeant, Philidor executives convicted of kickback scheme

    Economic CBC News
    A former Valeant Pharmaceuticals International Inc executive and the former chief of mail order pharmacy Philidor Rx Services were found guilty on Tuesday of defrauding Valeant through a multimillion-dollar kickback scheme. The verdict, handed up by a jury in Manhattan federal court, comes on the heels of Valeant's announcement that it will change its name to Bausch Health Companies Inc as it seeks to distance itself from a series of scandals under its previous management. Source
  • Women cite 'grass ceiling' in male-dominated weed industry

    Economic CTV News
    JUNEAU, Alaska -- When Danielle Schumacher attended her first convention of marijuana activists about 15 years ago, she could count on one hand all the women in a room of older men. The lack of diversity struck the then-college student, who remembers feeling out of place but also determined to make her mark. Source
  • Airlines caving to Beijing despite White House protest

    Economic CTV News
    SHANGHAI -- Global airlines are obeying Beijing's demands to refer to Taiwan explicitly as a part of China, despite the White House's call this month to stand firm against such "Orwellian nonsense." The Associated Press found 20 carriers, including Air Canada, British Airways and Lufthansa, that now refer to Taiwan, the self-ruled island that Beijing considers Chinese territory, as a part of China on their global websites. Source
  • McDonald's workers in U.S. file sex harassment claims

    Economic CTV News
    NEW YORK -- Energized by the #MeToo movement, two national advocacy groups are teaming up to lodge sexual harassment complaints against McDonald's on behalf of 10 women who have worked at the fast food restaurant in nine cities. Source
  • OREA isn't backing down from GTHA affordability messaging after TREB controversy

    Economic CTV News
    TORONTO -- The Ontario Real Estate Association isn't backing away from its campaign on the lack of housing affordability in Toronto, even after harsh criticism from the province's largest real estate board. On Tuesday, OREA executives unveiled a Ryerson University report, which it sponsored, that found millennials in the Greater Toronto and Hamilton area are living with their parents longer as they struggle to find affordable houses in a market with limited supply. Source