Navdeep Bains encourages greater collaboration between Canada and India
Canada and India have opportunities to forge a stronger partnership in driving economic growth through innovation. That was the message last week from the Honourable Navdeep Bains, Canada’s Innovation, Science and Economic Development Minister and Member of Parliament for Mississauga-Malton.
He made his remarks on September 23 at the Canada-India Innovation Conference held at Ottawa’s Carleton University. The conference was sponsored by the Indian High Commission, the Canada-India Centre for Excellence and the Indo-Canada Ottawa Business Chamber.
During his speech, he focused on three areas where Canada and India have the potential to collaborate. They include:
- Clean technology: Canada and India have joined 193 other countries in agreeing to support a low-carbon economy. We can identify opportunities to work together to speed up that transition and open up new markets and investment opportunities in this emerging and increasingly competitive sector.
- Financial technologies and cybersecurity: Both countries have strengths in information technology. In addition, Canada’s financial technologies industry is thriving. Canada also has strengths in cybersecurity to enable banking and other financial transactions to be done securely. Those are emerging areas that could benefit India, which has a large population of mobile-phone users who are looking for secure platforms to do their transactions.
- People development: Having talented people with the right skills and experience to drive innovation benefits both countries. India and Canada have strong ties through the one million Canadians who have Indian ancestry. In a globally competitive economy, our country should use that cultural diversity to develop stronger partnerships with India in education, research and business.
He also talked about the Government of Canada’s Innovation Agenda, a plan to make Canada a global centre for innovation – one that will create well-paying jobs for the middle class, drive growth across all industries and improve the lives of all Canadians.