Last one to Bangalore is a ……..

I have been saying for several years that New Brunswick needs to build better linkages to India. Two years ago Indian firms started making major investments in North America. I begged on these pages and elsewhere for somebody to sit up and listen.

Alberta listened – they have sent trade delegations and I believe have an office there.

Ontario listened – Toronto took a massive delegation there last year and two large Indian firms set up in that city.

Quebec listened – Charest just went last month to India with a large delegation.

NOTE: They didn’t listen to me – just to the tea leaves.

Now, it seems that Manitoba has listened:

Doer meets India’s economic advisor
Published: Tuesday, February 14, 2006

New Delhi, India—Premier Gary Doer and a delegation of Manitobans met with the prestigious Economic Advisory Council to the Prime Minister of India as part of Manitoba’s trade mission to India, Feb. 11 to 17.

I’ll bet you a fiver that our guys (NB) will be the last ones into India for trade & investment. Cripes, CBC’s Jacques Poitras wentthere and essentially did their job for them – and they are still non-commital.

Economic development is like just about everything else in life. If you are quicker, faster – out front of the pack – you can win. If you sit around the dusty, cobwebbed glass tower in Fredericton and wait for the world to come knocking – it never will.

We were out front of the pack regarding the call centre industry in the early 1990s.

We were out front on the IT front with the NB Information Highway initiative in the mid 1990s.

What are we out front on now?

Cutting small business taxes, for sure.

Anyone else? Beuller? Beuller?

That ain’t gonna get it done.

This entry was posted in Uncategorized. Bookmark the permalink.

0 Responses to Last one to Bangalore is a ……..

  1. Anonymous says:

    Be fair, you really don’t KNOW what’s gone on. Here’s some headlines:

    “Students attending a school in India will have the opportunity to obtain a New Brunswick high school diploma, Education Minister Madeleine Dubé announced today.

    “A five-year agreement to offer New Brunswick’s high school programs online at Modern School in Nagpur, India was signed today between Atlantic Education International Inc. – an affiliate of the New Brunswick Department of Education – Kingston Education Group and Grand Canadian Academy”

    Then of course is the buy in by the India company at both Campbellton and Nackawic. So we can’t exactly say that they have been ‘out of the loop’, from these examples clearly they have been ahead of other provinces. New Brunswick actually HAS investment, the others only have delegations (which is another way of saying ‘junket’)

    Now, you may not like THOSE investments, that’s fair enough, but no need to let that blind you to the facts.

  2. David Campbell says:

    Now, come on. I am not talking about all bilateral government activities between NB and India. Cripes, I am sure that there must be even more. I am talking about the government systematically trying to a) take advantage of Indian firms investing abroad or b) expanding trade with India. As for the Birla group – I believe they were brought in via a Quebec partner – but I will apologize for this blog if Premier Lord or Peter Mesheau flew to India and ate pinni with the CEO and convinced them to invest in New Brunswick.

    Look it. NB needs to be out front of these trends. That’s how you generate success in economic development. In 1989, New York firms were sending 747s full of paper to Ireland for data entry by eager Irish workers in the precursor of call centers because they couldn’t get workers in NY to do that menial work for a reasonable salary. Now, I read just today that Ireland companies now are the largest outsourcers of basic task work to India and Eastern Europe of any country in western Europe. Economies are evolutionary. New Brunswick could have followed a similar development path as Ireland (of which some of you don’t agree with anyway) but it chose to drift off in the late 1990s.

  3. Anonymous says:

    Oh man, we’ve had THAT conversation before! Ireland is a COUNTRY, not a province. They have huge capabilities that New Brunswick doesn’t have. Compare Ireland to Canada, well, THAT at least is equal, both are federal governments and you see similar foreign investments.

    But everything it does it does with permission of the european union, those ‘favours’ are running out because they were granted in the first place because Ireland was an economic backwater.

    You can compare New Brunswick with how they were back then, so similarly, if Canada operated like the European Union and wanted NB to succeed they would also allow special concessions to New Brunswick.

    Ireland is a tax HAVEN. It’s pretty hard to compete with a place that has next to no corporate taxes. Now, I do agree with tax changes. NB has low taxes, but only for natural resource extractors because they control policy.

    What would happen if New Brunswick said to those animation companies and programming companies: come to New Brunswick and you will pay NO income tax. What COULD be better is if the feds threw a bone in there as well, but of course that would have Quebec and Ontario screaming.

    But as we’ve argued so many times before, ‘hype’ doesn’t sell. You need PRODUCT. In the case of New Brunswick you need something nobody else is offering.

    There is simply no way to compete with Ireland. Not only are they a tax haven but they have an entry into the EU, which has VERY heavy barriers to the outside.

    In Canada we have almost none. Companies don’t need ‘an entry’ into the american market-they can just go into it in deals that are just as cozy as anything NB can offer.

    Eating pinni or whatever isn’t going to get you investment-these aren’t charities and they aren’t stupid. And the investment in Campbellton was there long before Nackawic.

  4. Anonymous says:

    At one point NB and other canadian provinces could at least offer a better exchange. Sell in american dollars, pay your workers and buy necessities in canadian. Now that that is gone, look for lean and mean times ahead for ALL of Canada.