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...
Foreign Firms Surge to Provide India’s 280,000MW Solar Energy Goal
India's $100 billion push into solar energy over the next decade is being driven by foreign players as local manufacturers are no longer protected by government restrictions on the sector. SunEdison of California will invest up to $4 billion in a manufacturing facility, and China's Trina Solar has unveiled plans...
India Leads in Import of Unmanned Aerial Vehicles
Based on data related to imports/exports of drones between 1985 and 2014, India tops the list of drone-importing nations with 22.5 percent of the world's unmanned aerial vehicle (UAV) imports says a report on SiliconIndia News. These pilot-less aerial vehicles are used for reconnaissance, surveillance, intelligence gathering and aerial combat...