Canada keen to invest in infra, oil & gas, mining sectors

Written by Economy Bureau | Kolkata, Dec 28 | Updated: Dec 29 2007, 06:56am hrs
Trade prospects between India and Canada are reaching new heights. Canada wants to invest in sectors like infrastructure development, oil and gas, mining and animation, according to David Malone, high commissioner of Canada to India. He was speaking at an interactive session organised by the Indian Chamber of Commerce.

He said, "Trade between Canada and India has touched almost $4 billion."

On Bengal, Malone said: "We are very glad that the chief minister and his colleagues are opening up investment opportunities to the rest of the world."

He emphasised working together for managing and conserving energy and also preventing climatic hazards like ice melting.

At present, Natural Resources Canada and the Geological Survey of India are conducting joint research on landslide monitoring devices and arsenic sources.

An Indo-Canadian environment facility and a renewable energy development agency in Bengal have set up four wind biomass diesel fans in the Sunderbans that provide electricity to 1500 families in the Sagar Islands.

Another six fans will be set up in the region soon.