Québec continues to promote trade with India
From left to right: Ratnesh Kumar (IFFCO), Mitali Bandekar(IQ), Pankaj Shah (President - Gujarat Electronics & Software Industries Association), Jaimin Shah (CEO- ICBC Gujarat Regional Council), Luc Carignan (IQ), Alok Das (Head-Business Development (Gujarat), Suzlon Energy Ltd.), Joachim Rocha (Trade Commissioner, Canadian Trade Office in Ahmedabad), Alain Olivier (BQM) and Manish Shah (GM- Commercial, Abellon Clean Energy)
The Québec Government Office (BQM) and the Investissement-Québec office in Mumbai held a meeting on September 30 to promote Québec business and investment opportunities in the city of Ahmedabad (3.5 million inhabitants), which is the main business hub of the state of Gujarat, located in western India.
More than sixty guests attended this business seminar, including the representatives of Indian investors in Québec, such as the Indian Farmers’ Fertiliser Cooperative Ltd. (IFFCO), Abellon Clean Energy and Suzlon Energy. IFFCO also gave a presentation about its urea plant project in Bécancour and the productive partnerships that it is developing for that purpose.
Mitali Bandekar, Director of the Investissement-Québec Office in Mumbai, led an activity that was presented in cooperation with the Indo Canada Chamber of Commerce and the Canadian Trade Office in Ahmedabad.
Québec made India an international priority in 2006 and opened the BQM in 2008. In the last six years, bilateral trade with the country has doubled, reaching over one billion dollars (20% of trade between Canada and India). Today, Québec’s trade balance is favourable, while its exports to India total $500 million.