Canadian infrastructure cos keen to invest in AP

Canadian infrastructure companies have gained great expertise in the field and are very keen to participate in the many projects coming up in Andhra Pradesh in the aftermath of bifurcation. It will be mutually beneficial for local companies to tie up with their Canadian counterparts, according to Consul and Senior Trade Commissioner (South India), Stanley Gomes, from the Canadian trade office.

He was addressing local industrialists at an interactive session organised recently by the Confederation of Indian Industry.

He said the Canadian pension funds had already invested over $4 billion in the Indian market in infra and real estate projects. Over 650 Canadian companies were active in India, and of them over 100 companies offered infrastructure products and services.

'As Andhra Pradesh is embarked on a mission to build up a new capital and develop several smart cities in the State, Canadian companies would be useful partners in the endeavour. Canada has also developed a very useful public-private partnership (PPP) model for infra projects which could be replicated in the Indian context with suitable modifications,' he said.


HBL