Strengthening of Canada-India commercial relationship

Mumbai, India ‑ February 20, 2018India is the world’s fastest growing major economy, and Canada’s relationship with India o�erstremendous opportunities for increased business-to-business and people-to-people collaborationthat will bolster our shared prosperity.

Today, the Prime Minister announced commitments from businesses which will lead to thecreation of more than 5,800 good, well-paying middle class jobs for Canadians. Canadian andIndian companies signed 66 new commercial contracts and agreements – worth more than $1billion – which will help grow both our economies.

They also demonstrate the scope of connections between the Canadian and Indian businesses andcover a wide variety of commercial sectors, including infrastructure, information technology,aerospace, clean technology, �lm production, and research and development.

Indian companies invest in CanadaIndian companies will invest close to $250 million in Canada, which will create more than 5,800good, well-paying jobs middle class jobs for Canadians. These investments include:

Tech Mahindra, a leading provider of digital transformation, consulting and businessreengineering services and solutions, will announce a strategic partnership and investment inCanada on February 22. This partnership is key to the Government of Canada’s Superclustersinitiative. It will pave the way for Canadians and Indians to access cutting-edge futuretechnologies, while creating a niche talent pool and job opportunities in next generationtechnology areas. Tech Mahindra is committed to its continued expansion in Canada.As a global company present in 45 countries, Tata Consultancy Services is a signi�cantemployer in Canada and has been investing in the Canadian marketplace for more than 25years. A strategic partner to top Canadian businesses, the company will continue to grow itsexisting operations in Canada.Infosys, a global leader in consulting, technology, and next-generation services. that operatesin 45 countries, will prioritize Canada as a place to increase its investment in the local marketand train local workers in the skills they need for the increasingly digital future to help makeCanadian industry even more competitive.Jubilant Life Sciences, part of Jubilant Bhartia Group, will invest $100 million to expand itsfacilities in Kirkland, Quebec. The facilities are used for the manufacturing and distribution ofmedical devices that are recognized globally for their high quality and capabilities.Consus Global announced the establishment of an o�ce in Ontario to provide consulting andimplementation services to the Canadian and North American markets.  Consus Global is oneof the leading procurement systems integrator and services companies in India, working inthe �elds of cost reduction, procurement to pay optimization, and supplier collaboration.Valiant Communications Limited, one of the leading telecom equipment manufacturers ofIndia, is planning to make upstream business investments in Canada to design and developproducts that will be used to monitor and administer distributed power networks based on

Strengthening of Canada-India commercial relationship

arti�cial intelligence. The new operation will also be used to provide customer supportservices to North American customers.Clarion Pharmaceutical Co., an ISO 9001:2015 company, announced plans to establish aCanadian manufacturing facility that will produce natural health products for export, as wellas domestic consumption.Co-headquartered in India and the United States, Softsquare, a provider of Salesforceimplementation services, is aligning with Salesforce Canada to launch their cloud solutionspractice in Canada. Softsquare is venturing into Canada with the intent of tapping intoSalesforce clientele and research talent.Vision Controls Inc., a sister company of Vision Comptel based in Kolkata, India, announcedthe launch of operations in Ontario in the �eld of automation. The company plans to scale upoperations with recruitment of a local team and to establish a development centre to caterto the North & South American markets, starting in mid-2018.

Canadian companies invest in IndiaCanadian companies will also invest in India, bring their innovative ideas to the country tocapitalize on India’s increasingly stable investment climate and to help its policy priorities. Theseinvestments include:

Brook�eld has agreed to acquire Essar Group’s 1.25-million square foot o�ce complex inMumbai for $480 million. Essar, whose major subsidiary is currently under insolvency, will usethe proceeds to repay their Indian lenders. This is an example of Canadian capital enteringthe country to help with the recovery of India's stressed banking sector.Fairfax India Holdings Corporation of Canada announced it is acquiring a 51 per cent stake inthe Catholic Syrian Bank Ltd. of Kerala.  This $200 million transaction marks the �rst time theReserve Bank of India has allowed a foreign entity to take a controlling interest in an Indian�nancial institution.  This transaction will inject much needed capital to a region of Indianeeding economic opportunities for its citizens.Quebec-based Darram Inc. and Indian Hotels Company Limited proudly announced theopening of the Taj Rishikesh Resort & Spa, located beside the Ganges River in Uttarakhand.Set amidst the Himalayas, this eco-conscious hotel—with an investment of $30 million—willshowcase a joint Indo-Canadian design that adheres to the world’s best sustainabledevelopment practices.Cricket Canada and Mercuri Talent of India’s Mercuri Group announced the launch of a GlobalT-20 Canadian Cricket League with an initial investment of $20 million . The inauguraltournament is scheduled to be held in June 2018 in the Toronto area, with the participationof six elite Canadian teams involving both international and Canadian cricketers.Alacrity India fund, part of Wesley Clover’s global technology startup initiative, has startedoperations after completing and Exchange Board of Indiaregistration and groundbreaking oftheir incubator in Pune, India. Co-promoted with the Indian company "Ideas to Impacts," thecompany will help Indian start-ups that provide subscription-based solutions to businessesto scale globally. The fund’s �rst investment of approximately USD$0.5 million is expected inMarch.Vancouver Film School announced the opening of a campus in Mumbai, located at theWilson College’s Mackichan Complex, where students will learn the �lm school’s curricula.

Upon completion of the programs at the Mumbai campus, students will have the option totransfer to the Vancouver Film School campus in Vancouver.Dominion Diamond India, headquartered in Alberta, has set up a new shared services o�ce inMumbai that provides IT support to Dominion Diamond Mines o�ces and operations aroundthe world. The company has been operating in India since 2005 to sort and sell premiumrough diamond assortments from the Ekati and Diavik diamond mines in the NorthwestTerritories. It employs almost 100 people in India, including the new IT sta�. DominionDiamond Mines works with numerous Indian diamond manufacturers on the CanadaMarkhallmark program, to assure the integrity of the supply chain of Canadian diamonds frommine to retail.

Opportunities for womenBy providing access to funding, talent, mentorship, and potential customers, Canada and India willwork together on initiatives that help women in both countries build thriving businesses. Theseagreements include:

Canada’s Department of Innovation, Science, and Economic Development and India’sDepartment of Science and Technology announced new funding of $500,000 each for ZoneStartups, owned by Ryerson Futures Inc., to support bilateral exchange of entrepreneurialventures with a major focus on women-led startups. The funding will enable 20entrepreneurs from Canada to participate in a soft-landing program at Zone Startups inMumbai, and 20 Indian entrepreneurs from India to participate in a soft-landing program atZone Startups in Toronto. Zone Startups will also organize an annual two-day seminar in bothcities, reaching an additional 60 women in both countries. This initiative follows ZoneStartups' success with empoWer, which has impacted 35 women entrepreneurs in India, andthe Next BIG Idea Contest through which 33 Indian startups have entered Canada over theyears.Vancouver Film School announced a scholarship competition for all students, and onespeci�cally for women, from across India in the �elds of Film Production, 3D Animation andVFX, Game Design, and Digital Design. Students will be judged on their portfolios, and a totalof 36 scholarships will be available.The SME Chamber of India has appointed AVC Inc. as their representative for businessdevelopment in Canada. Under this agreement, AVC will connect small and medium-sizedenterprises from both countries, with a focus on women entrepreneurs, in the sectors ofagri-food, technology, and arts and culture.The Canada-India Acceleration Program, jointly launched by Carleton University and the AllIndia Council for Technical Education, will empower women entrepreneurs to scale-up theirinnovative solutions internationally to address global challenges. The program will providewomen entrepreneurs with access to funding, talent, mentorship, and potential customers.

Creative collaborations between Canada and IndiaCanada and India will strengthen our people-to-people ties through cultural exchanges andincreased collaboration in the arts that will create jobs in the creative sector and help growCanada’s �lm industry. These agreements include:

India is the one of the world’s fastest growing economies, and a priority market for Canada in avariety of sectors, including aerospace, clean technology, transportation and infrastructure. Someof the commercial agreements �nalized this week include:

eCAMION, an Ontario energy storage company, has recently signed a memorandum ofunderstanding with Infrastructure Leasing and Financial Services to design and manufactureelectric vehicle and bus charging stations in India. With a long-term opportunity of$50 million, this partnership will see eCAMION’s energy storage-supported electric chargingtechnology lay the groundwork for the large-scale electri�cation of India’s public and privatetransportation sectors.Starmass Environment Technologies Corporation signed an agreement with InfrastructureLeasing and Financial Services (IL&FS) Water Ltd, a subsidiary of IL&FS India, to add value totheir water sector services to address some of the acute and immediate concerns of thewater utility industry. They will use some of the very high potential technologies availablewith Starmass using smart contracts and blockchain technology for leak detection,automated meter reading, and water systems integration.Vancouver-based VeloMetro Mobility Inc. signed a technology, manufacturing, and licensingmemorandum of understanding with S P Sanjay & Sons that will assist the company todeploy its electric vehicle technology worldwide, with an initial franchised �eet beingdeployed in India and potentially throughout the South Asian Association for RegionalCooperation area. This new agreement leverages the technology developed in Canada withmanufacturing and distribution capabilities in India.IMAX Corporation and India’s leading multiplex chain, PVR Cinemas, signed an agreement toopen �ve new IMAX theatres in India. This marks the parties’ fourth agreement, bringingPVR’s total IMAX network to 15. IMAX works with the world’s most acclaimed studios and�lmmakers to deliver audiences an immersive movie-going experience.British Columbia-based MDA will provide satellite data from RADARSAT-2 to ISRO under anagreement with NRSC. The radar data will be primarily used in India for disaster monitoring,to support rescue operations during the rainy season when �oods occur, and for agriculturalmonitoring applications. This contract is an extension of work that has been done for morethan 15 years.Toronto’s Pack-Smart Inc., a world’s leading designer and manufacturer of high performanceautomation technologies, and Reliance Jio, India’s fastest-growing telecommunications anddigital services company, reached a cooperation agreement for the implementation of Pack-Smart’s advanced technologies in Jio’s distribution business. The products include SIM cardpackaging automation, ful�llment equipment, and software applications. This partnership isan important stepping stone towards further collaboration and development, and eventualPack-Smart technology manufacturing opportunities in India.Jio selected Solace, a leading Canadian IT company, for their messaging middlewareappliance to support faster customer on boarding and provisioning. Solace messagingmiddleware appliances provide high performance, reliability, scalability, and the ability toe�ciently route massive amounts of event-driven information.ThinkRF Corp., the leader in software-de�ned spectrum analysis, announced its expansion toIndia with the appointment of VigVen Tech Mark Pvt Ltd., an authorized reseller of electronictest equipment, as its channel partner for ThinkRF solutions in that region. This relationship

will help ThinkRF quickly enter the rapidly growing India market with a trusted provider ofelectronic test solutions while expanding VigVen’s product portfolio to better help theircustomers solve several key challenges in spectrum monitoring and analysis.DataWind launched MeraNet, a patented breakthrough web delivery platform application.Providing a revolutionary internet service to help bridge the digital divide for the billionunconnected Indians, MeraNet delivers unlimited internet browsing on any androidsmartphone or tablet on the BSNL network at just one rupee/day. MeraNet allows unlimitedbrowsing of billions of webpages for a full year for a one-time annual fee of only Rs.365.

Building people-to-people ties through educationCanada and India will increase their partnership in education to strengthen our people-to-peopleties, while encouraging joint research and development projects and spurring entrepreneurshipand innovation. Canada-India education agreements include:

Niagara College and INSCOL Healthcare are embarking on a multi-year program to increaseglobal access to health services through nursing education for 1000 Indian healthprofessionals, addressing a global shortage of skilled nursing professionals. This agreementwill generate more than $50 million, driving economic development and job creation inOntario.University of British Columbia and Mitacs will provide 10 inbound and 30 outbound studentresearch internship awards to strengthen the bilateral connections with Indian energyresearch institutions. The exchanges will be aligned with the University’s initiatives in cleanenergy, energy access, and mobility, as well as developing industry-led training and researchconsortia. This partnership is part of a funding project worth more than $3.5 million overthree years, shared among some Canadian universities, Mitacs, the Ministry of HumanResource Development of India and the World Bank.Waterloo Institute for Nanotechnology at the University of Waterloo and Mitacs will provide�ve inbound and 10 outbound student research internship awards in partnerships withselected IITs to enhance cross-border entrepreneurship and technology commercializationactivities bilaterally in the �eld of nanotechnology. The internships will be conducted in closecoordination with Waterloo’s innovation and entrepreneurship ecosystem. This partnership ispart of a funding project of more than $3.5 million over three years, shared among someCanadian universities, Mitacs, the Ministry of Human Resource Development of India, and theWorld Bank. University of Toronto and Mitacs will provide 15 inbound and 50 outbound student researchinternship awards to strengthen the partnerships with institutions in India. The initiative willbe aligned with their engagement with the city of Pune’s Smart Pune Program that isfocused on a�ordable housing, immigrant migration, digital interoperability, andcybersecurity. This partnership is part of a funding project of more than $3.5 million overthree years, shared among some Canadian universities, Mitacs, the Ministry of HumanResource Development of India, and the World Bank. Simon Fraser University and Mitacs will provide 10 inbound and 10 outbound researchinternships to strengthen its partnerships with India's elite network of Indian Institutes ofTechnology and provide students with opportunities to gain advanced research skills andglobal competencies. This partnership is part of a funding project of more than $3.5 million

over three years, shared between some Canadian universities, Mitacs, the Ministry of HumanResource Development of India, and the World Bank. This �rst ever initiative in India by the National Academy of Construction, in partnership withStarmass Canada, is a milestone in Indo-Canadian cooperation and will help build capacity inIndia's technical workforce. This partnership will impart key skills in assessment, evaluation ofstructural soundness of ageing physical infrastructure, rehabilitation, operation, andmaintenance areas, leading to the protection of Indian physical assets. The estimated valueof this partnership is $2 million over a period of 5 years.Vancouver’s Langara College signed an agreement with technology �rm Optimus Informationin Noida, in partnership with the Asia Paci�c Foundation of Canada. The three-year dealworth $80,000 creates a pilot program to support Langara College Computer Science andBusiness students for four-month work-integrated learning placements at Optimus.Father Fénelon Catholic School in Pickering, Ontario and St. Kabir School in Ahmedabad, Indialaunched a partnership for participation in the Global Gandhi Peace Program, which isfocused on teaching non-violence to children and youth. These two schools will pilot aprogram developed by the Indian Centre for Environment Education and the SabarmatiAshram Preservation and Memorial Trust. The program will be launched globally on October2, 2019, which will mark the 150th anniversary of the birth of Mahatma Gandhi.   Carleton and Nirma University will sign a memorandum of understanding focused onsupporting research collaboration, capacity building, and other forms of academicpartnerships.Durham College, Fanshawe College, Georgian College, and St. Clair College have launched amobile app for prospective students from India. This app, developed in India by Maple-AssistInc., will provide relevant and credible information about the colleges and their applicationprograms, and assist students in their transition to Canada. This app is expected to be usedby over 25,000 prospective students in 2018.Niagara College and the International Institute of Hotel Management, an Indian leader inhospitality and tourism education, have established a new partnership to support two-waymobility and skills transfer as part of Niagara College’s vision of being Canada’s globalcollege. This new partnership deepens Niagara College’s education footprint across India. Seneca College and FORE School of Management announced a partnership to deliver onlineexecutive education programs for working professionals in India and elsewhere on Tech-Mahindra's state of art Learning Management System. The �rst program under thiscollaboration is an online, 11-month executive management program that features anoptional two-week global immersion program. The program will be delivered in Toronto,Canada.Seneca College and INSCOL Healthcare announced a partnership to provide internationallytrained nurses with additional knowledge and skills to competently care for individuals andtheir families experiencing cardiovascular illness. This two-semester postgraduate certi�cateprogram will combine theory and clinical courses to provide the knowledge, skills, andjudgment to practice safely in an acute coronary care setting.University of Toronto and Indian Institute of Technology-Bombay announced a studentmobility partnership creating bi-directional learning abroad programs for undergraduate and

graduate students. Participating students register at the host institution for the full academicyear or a minimum of one academic term.

Fostering innovation ties between Canada and IndiaBoth Canada and India will bene�t from agreements focused on joint research and developmentinvestments that will allow our countries to work together on common issues. Innovation relatedagreements include:

Kinectrics Inc., a Canadian energy technology company, has teamed up with the GujaratForensic Sciences University in Gandhinagar, Gujarat to set up a one of a kind conductortesting, R&D, and forensics laboratory. With an investment of $1.75 million each, the localeconomy is expected to grow by close to $4 million very quickly. The ground-breakingceremony took place on February 19, 2018, and construction will start immediately.Venus Group and Safritel Canada Inc. signed a joint venture, which will focus on automotiveinnovation and R&D initiatives to develop new automotive advanced emissionstechnologies, best in class automotive seat adjustment, automotive ecosystem technologies,and cloud connected solutions for connected and automated vehicles to improve driverconnectivity. The investment will see an R&D centre established in Ottawa, followed bymanufacturing facilities in India and Canada.Carleton University's Canada-India Centre for Excellence and Participatory Research in Asia, inpartnership with other leading centres in India and Canada, are launching a program todevelop capacity building programs in the administration and planning for Smart Citiesprojects.IC-IMPACTS and SenseIndia, part of Starmass Group, a global provider of turnkey solutionsfor infrastructure, will collaborate to monitor the health of bridges and public infrastructureusing high-tech sensors. This venture represents success of small and medium-sizedenterprises to collaborate across international boundaries and expand technologicalinnovations in infrastructure, energy, and the environment.Ontario’s Communitech and Hyderabad's T-Hub announced the intent to partner in supportof global commercialization of each other's technology companies. They will share space,programming, and mentorship, and create a program where companies of both countries willjoin to resolve a corporate innovation problem.Hyderabad's T-Hub and the University of British Columbia signed a statement of cooperationto establish a market access bridge allowing growth stage start-ups and scale-ups from bothcountries to enter Indian and Canadian markets successfully as part of their global expansion.Both partners have further agreed to support aspiring student entrepreneurs from bothcountries in solving problems of global relevance through co-creation.University of Toronto and the Indian Institute of Technology-Bombay announced apartnership to deepen collaboration and the innovation ecosystem between Canada andIndia. Together, they will develop capacity and ideas exchange for both countries, developthe next generation of Indian faculty, and grow higher education capacity in India toaccelerate joint research, industry engagement, entrepreneurship, and mutual market accessfor Canada and India.The University of Toronto and Biocon Ltd., India’s leading biopharmaceutical company, havesigned a collaborative research agreement to identify a novel set of biological assets for

complex diseases with a goal to address unmet patient needs. The collaboration, negotiatedby the Centre for the Commercialization of Antibodies and Biologics, will leverage thescienti�c expertise of Biocon scientists at its research centre in Bangalore and Dr. SachdevSidhu’s team at the Donnelly Centre at the University, continuing their productive researchpartnership and applying their unique strengths toward �nding solutions for global healthissues.IC-IMPACTS and Tata Consultancy Services, a global IT leader, will jointly fund mobility ofCanadian graduate students to conduct research at Tata Consultancy Services InnovationCenters in India. Indian and Canadian researchers will be immersed in fast-tracking solutionsto infrastructure, water, and public health challenges facing India, Canada, and other nations.Showcasing Canada-India joint research and development collaboration to innovate new agemedical equipment, Jubilant Draxlmage, in close collaboration with the Ottawa HeartInstitute, has developed RUBY-FILL, a cutting-edge product which enhances the way thatpatients with known or suspected coronary artery disease are both diagnosed and managed.This product has received approval from the Ministry of Health in India in 2018, and �rst saleshave now commenced.British Columbia’s Rick Hansen Institute and IC-IMPACTS have forged a strategic partnershipwith researchers at Indian Spinal Injuries Centre and the All India Institute of Medical Sciencefor an innovation project to develop and commercialize technologies that address secondarycomplications in people living with spinal cord injuries.The Blockchain Research Institute of Canada, a world leader exploring blockchainopportunities and challenges, will initiate a memorandum of understanding with India’sNASSCOM. This partnership will accelerate India’s adoption of this technology for innovation,prosperity and good government.

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