Indian software firm to open office on P.E.I.

CHARLOTTETOWN -- An Indian software company plans to open its first North American sales office on Prince Edward Island this spring, creating between five and 10 jobs, the provincial government says.

See Full Article

Aark Infosoft, which employs 250 people and is based in Ahmedebad, specializes in enterprise solutions, electronic commerce and website applications.

The province's announcement came Wednesday as part of a trade mission to India that includes Premier Wade MacLauchlan and Ontario Premier Kathleen Wynne.

The company's decision to set up shop in P.E.I. came after it was recently awarded a contract to digitize the library owned by a U.S.-based publisher, the province said.

The announcement comes almost four years after a similar trade mission to India -- led by then premier Robert Ghiz -- resulted in a pledge from Indian IT firm MphasiS to establish an office on the Island and create 300 jobs by 2014.

Government spokesman Brad Chatfield confirmed Thursday the MphasiS operation currently employs four people.

The P.E.I. government has also announced that it had signed a memorandum of understanding with Canadian Nectar Products that will see the company sending P.E.I. apples to markets in India and Asia.

The announcements were made after MacLauchlan and Wynne met with Indian Prime Minister Narendra Modi as part of their week-long trade mission.

The P.E.I. government's statement said the Island's delegation met with government and business leaders in New Delhi and the city of Chandigarh.

Meetings are scheduled in the cities of Hyderabad and Mumbai before the trip wraps up on Saturday.

"We have taken important strides with these face-to-face meetings and look forward to pursuing these opportunities and relationships," MacLauchlan said in the statement.



Advertisements

Latest Economic News

  • Poker tables keep decreasing on Las Vegas casino floors

    Economic CTV News
    LAS VEGAS -- When the Monte Carlo closes its eight-table poker room in about a month as part of a $450 million overhaul, the Las Vegas Strip will have lost nearly a quarter of the tables it had a decade ago. Source
  • Las Vegas casinos continue to close poker rooms

    Economic CTV News
    LAS VEGAS -- When the Monte Carlo casino closes its eight-table poker room in about a month as part of a $450 million overhaul, the Las Vegas Strip will be down nearly a quarter of the tables it had a decade ago. Source
  • Google's YouTube loses more advertisers over offensive videos

    Economic CBC News
    An advertising boycott of YouTube is broadening, a sign that big-spending companies doubt Google's ability to prevent marketing campaigns from appearing alongside repugnant videos. PepsiCo, Walmart Stores and Starbucks on Friday confirmed that they have also suspended their advertising on YouTube after the Wall Street Journal found Google's automated programs placed their brands on five videos containing racist content. Source
  • National contest tries to convince students that lucrative sales jobs are 'sexy'

    Economic CBC News
    Sonya Meloff wants everyone to know that a career in sales is sexy. Not sleazy. "I think that sales is a really sexy job," says the founder of the Toronto's Sales Talent Agency. "You get to be at the forefront of representing a company, you're the one that gets to talk to the customers. Source
  • Report examines grim Bangladesh leather trade, links to West

    Economic CTV News
    DHAKA, Bangladesh -- Hazardous, heavily polluting tanneries, with workers as young as 14, supplied leather to companies that make shoes and handbags for a host of Western brands, a non-profit group that investigates supply chains says. Source
  • Notley: Keystone XL doesn't lessen need for Energy East, Trans Mountain

    Economic CTV News
    CALGARY -- Alberta Premier Rachel Notley says U.S. approval of the Keystone XL pipeline does not lessen the need for two other controversial proposals within Canada's borders. U.S. President Donald Trump announced the green light for the line more than eight years after Calgary-based TransCanada first applied for a cross-border permit. Source
  • Trump's Keystone XL decision sets up new fight in Nebraska

    Economic CTV News
    LINCOLN, Neb. -- U.S. President Donald Trump may have approved a federal permit for the Keystone XL pipeline, but the fight is far from over in Nebraska, the one state in its path that has yet to approve the project. Source
  • Toronto stock index extends rally, Wall Street mixed after 'Trumpcare' pulled

    Economic CBC News
    Specialist Stephen Naughton, left, and trader Michael Milano work on the floor of the New York Stock Exchange on Wednesday. North American equity markets finished mixed on Friday after U.S. Republicans withdrew their bill to overhaul Obamacare. Source
  • PepsiCo, Wal-Mart, Starbucks join YouTube ad boycott in U.S.

    Economic CTV News
    SAN FRANCISCO -- An advertising boycott of YouTube is broadening in a sign that big companies doubt Google's ability to prevent marketing campaigns from appearing alongside repugnant videos. PepsiCo, Wal-Mart Stores and Starbucks on Friday confirmed that they have also suspended their advertising on YouTube after the Wall Street Journal found Google's automated programs placed their brands on five videos containing racist content. Source
  • Debate renewed over economic benefits of Keystone XL pipeline

    Economic CTV News
    U.S. President Donald Trump is calling his administration's approval of the Keystone XL pipeline a new era for American energy policy. As expected, the State Department reversed a decision by the Obama administration and favoured energy development over environmentalists' objections to the pipeline, which will carry thick Canadian crude oil to Nebraska, where it can flow on to refineries along the Gulf Coast. Source