Indian Deputy Prime Minister and Minister of Finance Chrystia Freeland said on 16 July that Canadian pension funds will be interested in exploring Indian investment opportunities in India as India has “sustainable investments”.
Half a day before the third meeting of the G20 finance ministers and central bankers
Canada Pension Plan Investment Board (CPPIB), India’s National Investment and Infrastructure, a partnership between the Government of India, international investors, corporate multilateral development banks (MDB) and local banks Fund (NIIF).
Other international investors in the NIIF include the Abu Dhabi Investment Authority (ADIA), PSP Investments, Temasek and the US International Development Finance Corporation (US DFC).
Union Finance Minister Smt. @nsitharaman and Canadian Deputy Prime Minister and Minister of Finance Ms Chrystia Freeland @cafreeland met on the sidelines of the 3rd G20 Finance Ministers and Central Bank Governors #G20FMCBG meeting in Gandhinagar, Gujarat, today.
Building on the… pic.twitter.com/8rTWcMuWlh
— Ministry of Finance (@FinMinIndia) July 16, 2023
NIIF has three funds – Main Fund, Fund Fund and Strategic Opportunities Fund – ports and logistics, renewable energy, roads, digital infrastructure, technology medical and manufacturing etc. It has invested in 16 organizations covering
India’s finance ministry said on Twitter that the two sides also discussed progress in the ongoing trade talks between India and Canada.
After resuming negotiations in March 2022, the two countries completed eight rounds of negotiations on the Comprehensive Economic Partnership Agreement (CEPA).
The new virtual conference started on July 12 and is expected to continue until July 21.
Historical processes, solutions, communications and business services Finance are some of the areas where India and Canada are negotiating a trade agreement.
