Eli Ridder | The Post

Prime Minister Justin Trudeau announced on Tuesday that Canadian and Indian companies signed 66 new contracts holding the cumulative value of $1 billion that is expected to bring some 5,800 new employment opportunities for Canada. 

Mr. Trudeau gave the details at the Canada-India Business Forum in Mumbai, the country’s financial capital, after meeting with industry leaders at the Taj Mahal Palace Hotel, where he has been staying with his wife and children.

A majority of the new jobs will come from some $250 million of new investments by Indian companies in the far north, with Canadians investing around $750 million in the central Asian country, reported the CBC.

Kasi Rao, a Toronto-based lawyer who leads the Canada-India Business Council, told the CBC that the event had a strong turnout, something that “would’ve been a hard sell a few years ago.”

“We are very happy investors . I think just the ease of doing business, the business friendliness of the Canadian government across the country I think is something that is a true delight for an investor,” industrial leader Kumar Mangalam Birla told CBC.

“Someone whose tasted that will always want to come back for more.”

More details to follow. Image of Justin Trudeau at the forum from the Canadian Press. 

Written by Eli Ridder

Eli Ridder is a freelance journalist. He founded The Avro Post in October 2017. He writes for Breaking911 and Guelph Politico, among others. Feel free to connect at ELIRIDDER@ICLOUD.COM or at ELIRIDDER.CA

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