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Canadian firms keen on green energy

According to reports, there is growing interest among Canadian companies, especially those operating in the green energy space, many of whom are eager to set up shop in India, said Consul of Canada & Senior Trade Commissioner (South India) Kyle Nunas on Wednesday.

“We have seen a general slowdown in investments by Canadian firms in India because of the global economic slowdown. But once conditions change, we will see an uptick in Canadian investments in India. We expect two-way trade between the two countries to reach CAD (Canadian Dollar) $15 billion 2015,” Nunas said.

He was speaking at the launch of a range of organic wines from British Columbia. Nunas said the import and sales of these wines will mark another important milestone in the bilateral trade ties between India and Canada.

 About 30 Canadian companies currently operate out of Karnataka, compared to 20 in Andhra Pradesh and about 30 in Tamil Nadu, Nunas said.

“Judging from the growing interest, especially from the wind and other green energy companies in Karnataka, the Canadian office is keen to facilitate their entry into the state,” Nunas said.

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