The Hindu : Karnataka / Bangalore News : Businessmen urged to invest in Toronto

Online edition of India's National Newspaper
Wednesday, Feb 02, 2005

Karnataka

Karnataka - Bangalore

Businessmen urged to invest in Toronto

By Our Staff Reporter

BANGALORE, FEB. 1. Members of the Greater Toronto Marketing Alliance have urged investors here to look to Canada for setting up offshore offices as it poses low risk and provides access to the global market.

The Greater Toronto Area offers investors the advantages of skilled labour, resources for research, efficiency of work, good infrastructure and leadership in innovative technologies, said Karen Campbell, president of the alliance, at an investment attraction mission conference organised by the Confederation of Indian Industry (CII) here.

As the Greater Toronto Area is located near the U.S., it is also seen as a launching pad to enter the U.S. market. The key industry clusters in the area are information and communications technology, entertainment, life sciences and technology, financial services, call centres and automobiles. It is also home to over 3,45,000 people of Indian origin.

Ms. Campbell said Greater Toronto Area is looking for mutually beneficial investments between the two countries.

Vinay L. Deshpande, immediate past Chairman, CII, Karnataka, said India is Canada's largest trading partner in South Asia. He said there is potential for further growth between the two nations.

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