Financial Daily from THE HINDU group of publications
Thursday, Apr 25, 2002
Financial Daily from THE HINDU group of publications Thursday, Apr 25, 2002 |
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Industry & Economy
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Foreign Trade Canadian province seeks investment Our Bureau
HYDERABAD, April 24 A 15-member Canadian delegation representing the Information & Communications Technology (ICT) sector visited Hyderabad on Wednesday to explore the possibilities of business alliances with local entrepreneurs in areas such as e-commerce, m-commerce, banking software, telecom software, simulation, multimedia and animation, call centres, data processing, medical transcription and ISP applications. At an interactive session with the entrepreneurs, Mr Rick Thorpe, Minister for Science, Competition and Enterprise, British Columbia, said the technology sector in Canada registered a growth of 16.5 per cent last year. The ICT sector contributed 6.2 per cent of GDP and its total turnover was $136 billions. He said there were huge opportunities for business partnership between Canada and India and his province, British Columbia, wanted to work closely at the Central and State levels in India to promote joint ventures. He invited Indian entrepreneurs to invest in British Columbia. Mr J. Satyanarayana, Principal Secretary of the IT and Communications Department, described the State as a land of e-opportunities for investors and outlined the State's IT policy covering economic development, quality of life and good governance. He invited Canadian businessmen to invest in the State. He said the potential in e-governance was estimated at $400 millions. Mr Satyanarayana said that drafts of IT-enabled services Act and data protection Act were ready and a legislation pertaining to them would be passed soon. A four-layer strategy had been designed to promote ICT through technology, prioritisation, implementation and resource mobilisation with emphasis on the public-private partnership model.
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