Canada-India bilateral trade, which currently stands at Canadian $10 billion (approximately US $7.97 billion), has the potential to grow.
According to Amarjeet Sohi, Minister of Infrastructure and Communities, Government of Canada, the areas of mutual co-operation between the two countries could be in the areas of infrastructure, construction, waste water treatment and education among others.
“We see a lot of potential to grow the bilateral trade between India and Canada. We want to convey that Canada is open to receive investments,” Sohi told newspersons at an interactive session on Indo-Canadian bilateral trade relations organised by the Indian Chamber of Commerce here on Monday.
As per data available from the Ministry of External Affairs, major items of India’s exports to Canada include gems, jewellery and precious stones, pharmaceutical products, readymade garments, textiles, organic chemicals, light engineering goods and iron & steel articles. India’s import from Canada include pulses, newsprint, wood pulp, asbestos, potash, iron scrap, copper, minerals and industrial chemicals.