Get thee to India

Peter MacKay making the case for the Atl. Gateway in Toronto this week. Here is a quote from the article (in India):

Indian business and political leaders were very receptive when he outlined “our vision for the Atlantic Gateway – and the economic potential it represents for both our countries”, said MacKay, who is also minister for Atlantic Canada Opportunities Agency. Indian High Commissioner R.L. Narayan said India was “bullish” on its relations with Canada.

The two countries have signed accords on science and technology cooperation and investment protection, and were working on concluding a free trade agreement. They have also agreed to set up a bio-nano institute for cooperating on developing the technology of the future, he said. Narayan added that Indian companies have made significant investment in Canada.

The problem is that most of those investments are not in Atl. Canada (with the notable exception of AV Nackawic and the Minacs purchase).

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0 Responses to Get thee to India

  1. nbt says:

    Yeah, but you can’t blame that on India as there was lots of interest in Atlantic Canada, however, we sat on our hands and didn’t make it happen (i.e. provincial government policy).

    For instance, I know in the small town of Sackville, NB there were two businesses from India which wanted to relocate here to be closer to the US market. Unfortunately, the red tape of the Provincial Nominee Program got the best of the 2 deals.

    Too bad, because it is common knowledge that in the next five years, immigration will account for 100% of net labour force growth in Canada. And furthermore, province’s that have a larger number of people born within, for example the province of Newfoundland, tend to have weaker economies as opposed to those stronger ecomomies who rely more heavily on an outside influx of immigrants. [i.e. Toronto, Calgary, and Ottawa]

    As a “have-not” province, we can’t afford to turn these individuals away or discourage their investments via bad policies.

    In other words, we just don’t have that luxury to be that province which waste 3/4 of it’s time discussing french immersion policy.

    Again, we just don’t have that luxury.