World Trade Centre Winnipeg to Facilitate Trade Development in India

World Trade Centre Winnipeg signs MOU with World Trade Center Pune

WINNIPEG – July 23, 2015 – The World Trade Centre Winnipeg (WTC Winnipeg) and the World Trade Center Pune (WTC Pune) have announced an agreement for jointly promoting inbound and outbound trade and investment for members of both associations.

“This Memorandum of understanding (MOU) with WTC Winnipeg is its first overseas MOU within the World Trade Centers Association network,” stated Sagar Chordia, WTC Pune Director. “Mutual interests in Manufacturing, Transportation and Logistics, Agribusiness, Information and Communications Technologies, Construction/Infrastructure can spur international business between Canada and India.”

“We want Manitoba companies to benefit from the strength of our WTC network around the world,” said Mariette Mulaire, President and CEO, WTC Winnipeg. “Trade initiatives are increasing with India and this new partnership will help us position Winnipeg and Manitoba as we are getting ready to welcome the world for Centrallia.”

The primary objectives of the MOU are to collaborate within programs that support trade development, exchange information about international fairs and exhibitions, organize and exchange visits of trade missions, and identify possible areas for trade and investment. The WTC Winnipeg has signed a MOU with the WTC Mumbai, the All India Association of Industries, and Verbind which represents 13 WTC in India. Indian companies have also been present at previous Centrallia editions.

Pune is the industrial epicentre and home to some of world’s largest manufacturing and IT multinationals in India. Pune’s proximity to Mumbai, plus its industry friendly climate and environment helps businesses to grow. It has attracted many major manufacturing plants including Mercedes-Benz, GM, Volkswagen, Jaguar LandRover-TATA, FIAT, John Deere & Cummins. Pune’s total GDP was US $ 48 Billion+ at last count.

India is currently the third largest source country of immigrants to Canada, with a rapidly growing Indo-Canadian community estimated to be over one million. According to Statistics Canada, bilateral merchandise trade between Canada and India in 2011 totaled approximately CAD$ 5.2 billion, an increase of 23.4{bfa08a400c7550404055ff04715e84c9172815d33c25eb3b84e230636ecdc007} percent from 2010.

Top Canadian exports to India include vegetables (mostly peas and lentils), fertilizers, paper and paperboard, machinery, wood pulp, precious stones, and iron and steel. Canadian imports from India include organic chemicals, precious stones and metals, knit apparel, woven apparel, machinery, and iron and steel.

WTC Winnipeg is a member of the World Trade Centers Association, the leading international trade network, representing more than 300 World Trade Centres in nearly 100 countries. WTC Winnipeg provides support to Manitoba-based companies looking to grow their business and provides services to international companies interested in doing business with Manitoba companies.

WTC Pune is strategically located in the center of India’s trade crescent in Maharashtra province and is poised to foster international trade. WTC Pune comprises of 4 towers totalling 1.6 million square feet. WTC Pune promoters’ other projects include some key landmarks of tomorrow’s Pune like EON Free Zone – a 4.5 million sq ft IT & IT-eS SEZ spread over 45 acres, ICC Tech Park, ICC Trade Tower, Tech Park One and many other built-to-suit facilities across Pune.

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For more information, please contact:
Christelle Mekoh
Manager, Communications
World Trade Centre Winnipeg
(204) 289-4081
cmekoh@wtcwinnipeg.com