Headquartered in Toronto, Canada, Fairfax Financial Holdings Ltd. will pay the equivalent of $321 million to acquire 33 per cent of the equity in Bangalore International Airport Ltd, from GVK Power and Infrastructure Ltd., an Indian conglomerate operating across several industry sectors. Fairfax India Holdings Corp., a publicly traded company,...
Ontario Premier Wynne & Team Sign 65 Agreements in India
Concluding an 8-day trade mission to India, Premier Kathleen Wynne of Ontario, Canada said the province’s ties to this fast-growing nation of nearly 1.3 billion people are getting stronger. The Ontario delegation visited New Delhi, Amritsar, Chandigarh, Hyderabad, and Mumbai. Ontario companies, universities, and colleges signed 65 agreements worth $240...
Canada-India Bilateral Trade Creates Record
Export Development Canada announced an annual record in the amount of financing it provided to facilitate business between Canadian and Indian companies in 2015, nearing an estimated $1 billion. Exports of goods to India grew by 52 per cent between 2010 and 2014, and exports of services grew by 58...
Emcure Pharmaceuticals, India, Acquires Ottawa company
Emcure Pharmaceuticals, a drug maker based in Pune in the western state of Maharashtra, has acquired Canada's International Pharmaceutical Generics Ltd. and its marketing arm Marcan Pharmaceuticals. Marcan Pharma has over 60 approved products mainly available from McKesson and Kohl & Frisch, among other wholesalers, reports Economic Times. Emcure recently...
Canadian Exports to India Skyrocket
Canadian Business says, “Canada’s exporters may be figuring it out: the future is in Asia.” Merchandise exports to China continue to grow, and it is now Canada’s second-largest trading partner after the United States. Shipments of goods to India surged to a record in the third quarter, according to data...
Bombardier Transportation Expands in India
Canada's Bombardier Transportation has opened a new Rail Control Solutions office for engineering and product development in Gurgaon, near Delhi. The office will focus on developing, testing, networking and cyber security works. "We are pleased to expand our presence and investment in India with this state-of-the-art center which will support...