The Chairman of Trade Promotion Council of India (TPCI), Mohit SIngla in a statement said: “We feel that Canada can be a very important market for Indian food and beverages industry as Canada has a large population, about 2.4 million, of the Indian diaspora.”
He said that in association with the Indian High Commission in Ottawa, the TPCI held a virtual buyer-seller meeting on food and beverages products recently.
While quoting High Commissioner Ajay Bisaria, the council said this was the first virtual buyer-seller meeting during the lockdown period.
Bisaria said: “It is a very positive sign that we are looking beyond the pandemic to go into a recovery phase for the business. Indian ethnic and organic food has huge demand in Canada and is witnessing good growth. Food sector will be more than positive overall.”
India’s top exports to Canada are pharmaceuticals, automobiles, frozen shrimps, gems and jewellery, iron and steel pipeline and plastics while the main imports are dried and shelled lentils, paper roll, petroleum, coal, crude oil, potassium chloride and raw diamond.
The Council said the bilateral trade between Canada and india rose from $6.28 billion in 2018 to $6.8 billion in 2019.
TPCI said recently that Indian businesses need to tap into the opportunities in Canada as the country can be a very significant market for the domestic food and beverages companies. The Council also said that the food sector has displayed tangible growth to the tune of 27 percent in the markets like Canada and the United States.
