Optimise on business between India, Canada: MacKay

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Mumbai, Feb 21 (UNI) Informing the Indian private sector decision-makers about the Atlantic Canada Gateway's advantages, Minister of National Defence and Minister of the Atlantic Canada Opportunities Agency Peter Mackay said that we want to optimise on business opportunities between India and Canada.

Addressing the ''Canada-India Atlantic Gateway Business Forum'', organised by the Confederation of Indian Industries (CII) here, Mr Mackay said that we want to capitalise on these prospects to provide a tremendous momentum to the economic growth of India and Canada.

''Atlantic Canada serves as entry and exit point used by large multinationals and businesses. It offers variety of advantages like speed and access leading to saving fuel and cutting distance, closeness to North American market, modern and sophisticated infrastructure, dynamic workforce and a supportive government,'' Mr Mackay informed.

He emphasized on the importance of building personal contact between the two nations, the insufficiency of which according to him posed as a hindrance in developing bilateral trade.

''In order to take advantage of this new reality, countries must have access to transportation system that move goods quickly, efficiently, safely and cost-effectively into the markets,'' he said. Meanwhile, CII-Western Region Logistics Sub-Committee Chairman and SCA Group of Companies Chairman Tushar Jani emphasised on the growing Indian Logistics Industry and the need to boost business ties between India and Canada.

''Canada's prudent fiscal policy, low inflation, interest and unemployment rates, and a corporate tax framework is rated among the best in the world. A major market in its own right, Canada is also increasingly seen as the 'Gateway to North America', offering ready access to both the US and Mexico,'' Mr Jani said.

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