Canada keen to work with India in energy sectors

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Washington D.C., Apr. 2 (ANI): Canada has expressed interest in working with India in the energy sectors besides showing willingness to cooperate in coal gasification and underground mining.

“Mr. Trudeau acknowledged that yes Canada has strong energy sector and he wanted to work with India in the ways which were less harmful to the environment and, he said Canada will be very happy cooperate with India in both coal gasification as well as underground mining, ” said Ministry of External Affairs (MEA) official spokesperson Vikas Swarup while briefing the media about the bilateral meeting held between Prime Minister Narendra Modi and his Canadian counterpart Justin Trudeau on the sidelines of the Nuclear Security Summit here.

Swarup said that Prime Minister Trudeau also referred to the possibility of moving forward on the FIPA (Foreign Investment Protection Agreement) and CIPA (Conference Economic Partnership Agreement).

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Prime Minister Modi on his part said that there were huge possibilities of economic relations between India and Canada but the potential was not reached.

“The possibilities in the economic side were immense the Prime Minister said. He also lamented the fact that Indo- Canadian economic relations has not reached the potential yet and reiterated what he has said earlier also that India and Canada are two countries, which are literally made for each other,” said Swarup.

“He said that Canada has the natural resources, all the natural resources in the world, India has the need for those resources as well as the man power,” he added.

Prime Minister Modi also recalled his meeting with the heads of the Canadian pension funds. He said many developments had happened since that meeting, adding that Canadian pension funds were already investing more than eight billion dollars in India.

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The Canadian Prime Minister complimented Prime Minister Modi on his excellent intervention last evening at the White House dinner.

“He said that India and Canada can both be the leaders in non-proliferation in the world,” said Swarup.

The bilateral relations between India and Canada have seen a transformation in recent years underpinned by shared values of democracy, pluralism, expanding economic engagement, regular high level interactions and long-standing people-to-people ties.

During Prime Minister Modi’s visit to Canada in April 2015, both sides agreed to elevate the bilateral relations to a strategic partnership. (ANI)

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