Prime Minister Trudeau has been visiting India with his family since February 17. Invited by India’s Prime Minister Narendra Modi, the two heads have yet to meet. However, that did not stop Trudeau from getting some business done as he announced a partnership with Indian companies on Tuesday that is worth in excess of $1 billion.
While visiting Mumbai, Trudeau had a meeting with corporate leaders of significant Indian companies Aditya Birla Group, Infosys, Jubilant Bhartia Group, Mahindra Group of Companies, Shapoorji Pallonji Group, and Tata Sons. The Canadian federal government has agreed to invest in these companies and hope to see a collaborative increase in crucial sectors like infrastructure, technology, aerospace, and research and development.
“As one of the world’s fastest-growing economies, India offers exciting opportunities for Canadian businesses of all sizes,” said the Trudeau in a statement. “The partnerships announced today will create thousands of good, middle-class jobs for Canadians, and are further proof of the ever-growing ties between our two countries.”
India is currently Canada’s seventh biggest destination of exported goods, with as much as $4.18 billion being shipped last year. Canada also imported a similar number in 2017 at $4.16 billion.