Premier Jean Charest will lead an important trade mission to India from January 31 to February 6, 2010. He will be accompanied by the Minister of International Relations and Minister Responsible for La Francophonie, Pierre Arcand, and the Minister of Economic Development, Innovation and Export Trade, Clément Gignac.
The Premier will be at the helm of a large delegation of representatives from the business, education, and research and innovation communities. Aeronautics, environment, information and communication technologies, infrastructures and biotechnologies are the primary sectors that will be targeted.
This second trade mission to India by the Premier will build on Québec’s efforts to foster and broaden exchanges and ties with the country which, despite the global crisis, is experiencing strong economic growth. Several Québec companies are thriving remarkably well in India and serve as concrete examples that comparable success is within the grasp of other businesses. Since 2006, our exports to India have increased by nearly 80%.
Mission members will make a stop in Mumbai, the country’s economic and financial centre, and proceed to Bangalore, a scientific hub for the development of new technologies. The mission will end in Delhi, the country’s capital, where Premier Charest will speak at the opening of the Delhi Sustainable Development Summit, a major international forum.
In 2008, Québec exported over $427M in goods to India. The chief exports are newsprint, aerial vehicles, asbestos, chemical wood pulp, electrical apparatus for line telephony and plumbing fixtures.
The World Bank forecasts that India’s GDP will increase by 5.4% in 2009 and 6.5% in 2010. These rates are strong indicators of the resilience of India’s economy, which continues to expand rapidly, even in the unfavourable global economic climate.