The Hindu Business Line : Canada extends arms to more agri-biz firms

CANADA holds a 7.5 per cent agri-food cost advantage over US, making it a more attractive place for investments in agri-foods and processing, according to Mr R.N. Gupta, Senior Trade Advisor, Canadian High Commission, New Delhi.

Citing a new business study by KPMG, he described Canada as a major exporter of processed foods and beverages such as salmon, French fries, beef, pork, beers and ice wines.

Making a presentation on `Canadian capabilities in the food and beverage sector' organised by the Indian Chamber of Commerce, Mr Gupta said the study clearly made out a case for Canada as an ideal investment destination in the agri-food processing sector. He said food-processing ranked number one in seven out of 10 Canadian provinces, and Canadian themselves consume more than $ 65 billion worth of food products annually.

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