India, Canada trade to reach $15 bn by 2015

July 6, 2011 | Business | Written by

New Delhi, July 6: Bilateral trade of India and Canada is expected to reach $15 billion by 2015 from the current $5 billion on the back of increased trade in engineering goods, senior officials said Wednesday.

Addressing a seminar on doing business with Canada, Arvind Mehta, joint secretary in the department of commerce, said low cost and innovativeness of Indian manufacturers would help boost Indian exports to Canada.

‘Considering the fact that China is having an extensive presence in Canada, this event could be piggy backing on various other measures taken by the government of India during 2011,’ Mehta said.

Engineering goods export lobby EEPC India with the support of Indian high commission at Ottawa and Canadian high commission in New Delhi are organising the next edition of the ‘India Show’ in Toronto aimed to boost bilateral trade and investment.

IANS