'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

  • TransCanada sends more crews to Keystone pipeline leak

    Economic CTV News
    AMHERST, S.D. -- TransCanada Corp. says the company has sent additional crews and equipment to the site of a 210,000-gallon oil spill from its Keystone pipeline in South Dakota. TransCanada said Saturday it is making progress in its investigation into the spill cause on farmland in Marshall County, near the North Dakota border, about 250 miles (402 kilometres) west of Minneapolis. Source
  • U.S. treasury chief a Bond villain? Mnuchin OK with comparison

    Economic CTV News
    WASHINGTON -- U.S Treasury Secretary Steven Mnuchin said Sunday he had no idea that a photo of him and his wife posing with a sheet of newly printed money would go viral. And he said he's not bothered that some commentators suggested the pair looked like James Bond villains. Source
  • 'Never a dull moment': Lawsuit, NAFTA claim, Fairfax partnership spur optimism, tension in Churchill

    Economic CBC News
    The future of the rail line to Churchill remains uncertain after a week that involved a lawsuit, an international trade challenge and the entry of a new, powerful player into the picture. The week's developments have raised cautious optimism in northern Manitoba, but also questions about the future of Arctic shipping and of communities along the northern rail line. Source
  • Truckers take cautious approach to all-electric vehicles

    Economic CBC News
    All-electric trucks have the potential to save money for fleet operators, particularly if maintenance costs prove to be lower than diesel, but there are still some significant barriers to their adoption, according to trucking industry veterans. Source
  • How to buy a car without getting ripped off: CBC's Marketplace consumer cheat sheet

    Economic CBC News
    How a student gamed rewards points This Montreal law student student racked up enough free rewards points to travel the world. Here's how he did it: he used his credit card to buy silver coins from the Mint and collect rewards points, then deposited the coins and paid off the card. Source
  • Honda recalls Odyssey minivans after dozens of reported injuries

    Economic CBC News
    Honda is recalling about 900,000 of its Odyssey minivans because the second-row seats may tip forward if not properly latched.Honda recalls 2.1 million vehicles worldwide over fire riskPHOTOS | Owner of fire-razed Honda Accord wants action after company recallThe recall announced Saturday covers vehicles from the 2011-17 model years. Source
  • 'This is bunk': WestJet apologizes for misleading passengers about why it cancelled flights

    Economic CBC News
    In response to a CBC News investigation, WestJet has admitted it mistakenly told passengers that hurricane-related airport restrictions had forced it to cancel Turks and Caicos flights. The airline now says it actually cancelled flights from Oct. Source
  • BlackBerry COO Marty Beard resigning to deal with family situation: CP

    Economic CTV News
    TORONTO -- A person with knowledge of the situation says that BlackBerry Ltd.'s chief operating officer has resigned in order to deal with a family health issue. The source who spoke on condition of anonymity says that Marty Beard will leave the company effective Dec. Source
  • Loblaw pre-orders 25 Tesla electric trucks for undisclosed price

    Economic CTV News
    MONTREAL -- Loblaw Companies Ltd. says it is among the first purchasers of Tesla's new electric truck. Canada's largest supermarket chain (TSX:L) says it has pre-ordered 25 of the vehicles called the Tesla Semi. Source
  • Canadian funds like energy stocks despite potential rejection in Norway

    Economic CTV News
    CALGARY -- Oil and gas investments may have soured for managers of the Norwegian sovereign wealth fund but a Canadian fund says it has plenty of room for such securities in its portfolio. In a letter this week, Norway's central bank urged the Norwegian government to consider divesting oil and gas company shares held in the US$1-trillion oil fund to avoid the risk of permanently lower commodity prices. Source