| Indian firms to invest in Canada LNG unit |
TORONTO The Gujarat government and several Indian companies are looking to invest in an export LNG terminal in Canada for importing gas from the country, a senior official said here.
“The State government and Indian companies are ready to invest in Canada if the Harper government is willing to export LNG to India,” said DJ Pandian, principal secretary in the state’s Energy and Petrochemicals Department.
Pandian was addressing businesses at a reception organised by the Indo-Canada Chamber of Commerce (ICCC).
“Gujarat wants to tap cheaper natural gas in the Canada and is ready to invest in a LNG export terminal in the country, and a few Indian companies have made preliminary agreements to invest in such projects,” Pandian said.
He invited Canadian businesses to participate in the Vibrant Gujarat Global Trade Summit to be held from January 8-13, 2013 and take advantage of business opportunities.
The theme of the summit would be innovation, sustainability and human development, Pandian added. ICCC president Naval Bajaj said,”The successful conclusion of a comprehensive economic partnership agreement would lead to more opportunities for bilateral trade and economic cooperation between Canada and India.”
Agencies
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