Canada
(Source : High Commission of India, Ontario)
Products with Export Potential for India
Electrical or Electronic Machinery and Equipment - The total market size of electrical machinery in India is anticipated to reach US$ 100 billion by 2022 from US$ 24 billion in 2013. The electrical machinery sector consists of generation, transmission and distribution machinery. In order to become a global force, Indian machinery sector needs to understand these changes and evolve to serve the user industries with the next generation products through integration of equipment with information technology like autonomous haulage or unmanned vehicles equipped with GPS, CCTV cameras, inertial guidance systems, and leverage dispatch route planning and guidance software for functioning.
Optical, Medical, Photographic, Scientific and, Technical Instrumentation : One of the potential items of India’s exports to Canada must include Optical, Medical, Photographic, Scientific and Technical Instrumentation. US, china and Mexico are the top markets for the import of this HS 2 category. India is not in the top ten. India’s has competitive disadvantages in the Optical, Medical, Photographic, Scientific and Technical Instrumentation market, but it also represents key opportunities for India to improve its position in the global economy through focused innovations.
Significant Trends in Trade and Investment
Details of significant trends - Canada’s total trade with India increased by 28.89% viz-a-viz March 2018.
Analysis - The total trade with India in Mar 2018 was $536 million USD. However, in Mar 2019, the total trade is $692 million USD. Exports were high to India in Mar 2019 in comparison to both Mar 2018 and Feb 2019.
Details of significant trends - Canadian exports were up in March, easily recovering February’s losses. Once again, crude oil and other energy products drove monthly gains, assisted this time by an uptick in motor vehicles and parts exports.
Analysis - Globally, agriculture and intermediate food product exports were up 4.8% – enough to recover February’s losses. Those gains come in spite of declining canola exports as Canadian producers struggle with curtailed access to the Chinese market. There was also solid growth in exports of basic chemicals, plastics and forest products.
The only product categories where exports fell in March were raw metals/minerals and associated products. Raw metals and minerals exports were down 8.1% compared to February ($140 million), driven lower by copper and other metal ores. Meanwhile lower gold shipments drove metal/mineral product exports down by about 3.7% ($188 million).
Details of significant trends - India jumped to 12th position as the largest market for Canadian Imports year to date. In Mar 2019, Canada’s total imports from India increased by 7.11% in comparison to March 2018.
Analysis - The total import figure of Mar 2019 is $338 million USD. However, in Mar 2018 the figure was $315 million USD. The Top products of import from India are Nuclear Reactors, Boilers, Articles of Iron or Steel, Pharmaceutical Products, Organic Chemicals (Including Vitamins, Alkaloids and Antibiotics), Machinery and Mechanical Appliances, Motor Vehicles, Trailers, Bicycles, Motorcycles and Other Similar Vehicles.
Details of significant trends - Overall Canadian global imports rose 2.5% in March to 52.3 Billion USD. down 0.5% to $50.4 billion, led by vehicles and parts. Year-to-date, imports were up 6.0% compared to the same period last year.
Analysis - Globally, food, clothing, pharmaceuticals and other general household product imports were all higher. Motor vehicles and parts imports also saw healthy gains of about $460 million (4.9 per cent).
In spite of ongoing diplomatic tensions between the two countries, Canadians bought a lot of Chinese goods in March. Imports from China jumped by $604 million (nearly 16%) compared to February. Imports from Mexico were also sharply higher – up $270 million, or 18% – as were purchases of goods from Saudi Arabia.
Details of significant trends - India jumped to 8th position as the largest market for Canadian exports year to date. Although the total exports increased by 59.97% in Mar 2019 viza-viz 2018.
Analysis - The total export figure for Mar 2019 was $353 million USD. However, for Mar 2018 the figure is $221 million USD. The Top products of export from Canada to India were: Mineral Fuels, Mineral Oils, Bituminous Substances and Mineral Waxes, Ores, Slag and Ash, Pearls, Edible Vegetables and Certain Roots and Tubers, Pulp of Wood and The Like; Waste and Scrap of Paper or Paperboard, Fertilizers. The exports
in the following categories saw remarkable increase: Edible Vegetables and Certain Roots and Tubers (609.3%), Aircrafts and Spacecrafts (3,518.9%) Furniture and Stuffed
Furnishings, Lamps and illuminated Signs, Prefabricated Buildings, (647.6%).
Details of significant trends - Canada`s global exports rose 3.2% in March, led in part by higher exports of energy products. The increase in nominal exports was led by energy products and motor vehicles and parts.
Analysis - Global Exports of energy products rose 7.7% to $9.6 billion in March 2019 . Widespread growth in this product section was led by higher exports of crude oil (+5.0%), mainly due to increased volumes. Exports of passenger cars and light trucks, imports of motor vehicle engines and motor vehicle parts (+4.6%) also rose in March after falling in February. Exports to Germany and the Netherlands were also up in March, as were sales to Saudi Arabia, India and Japan.
Canada’s Teranet opens software development centre in Kerala, India
Teranet Inc, a leading IT solutions provider for the Canadian financial services and real estate markets, has set up its first centre for software development at the Technopark in India. Teranet Inc. is a 100 per cent subsidiary owned by OMERS Infrastructure, one of Canada`s largest defined benefit pension plans, with USD 97 billion in net assets. The 10,000-square-foot new office at Technopark was inaugurated by Consul General of Canada, Nicole Girard in the presence of Teranet president and CEO Elgin Farewell and CIO Fariba Rawhani, among others. “The new centre of development will enable us to deliver industry leading solutions to our clients, and to support the success of Teranet`s centre of development and to support growth using advanced technologies such as AI and blockchain in the future," said Farewell.
(Source : India Canada Biz Digest)
CPPIB may invest in India’s Piramal Group’s renewables and roads platforms
The Ajay Piramal-led Piramal Group, which has set up platforms to acquire operating renewable energy and roads assets, has roped in Canada’s largest pension fund manager Canada Pension Plan Investment Board (CPPIB) as an anchor investor. The proposed platforms for roads and renewable energy assets will see a total commitment of close to USD 2 billion, according to the sources. Piramal plans to deploy around USD 1 billion in acquiring solar and wind assets under the renewable platform, while it would invest USD 800 million to USD 1 billion under the roads platform. The infrastructure focused platforms add to the existing tie-ups that Piramal has ventured into to tap opportunities in areas such as real estate and stressed assets.
(Source : India Canada Biz Digest)
Well positioned to invest big in India : Fairfax Financial Holdings
Hotels, gas pipeline, real estate. Canadian investment firm Brookfield Asset Management seems to be on a deal-making spree in India. Last week, an investment trust led by Brookfield bought RIL`s East West Pipeline for USD 1.87 billion followed by USD 580 million deal to acquire five assets Hotel Leela Venture. Two announcements in two weeks could be a coincidence as both were in the works and it can take 8-9 months to close a deal. ‘‘They are optimistic about India, and see value,`` says the CEO of a large infrastructure fund. It is not just Brookfield, but almost all sovereign funds from
West Asia, Singapore as well as Canadian pension funds such as CPPIB and CDPQ have been buying operating projects and investing on infrastructure in India.
(Source : India Canada Biz Digest)
Brookfield eyes opportunities in India’s warehousing, rental housing segments
Canada’s Brookfield Asset Management Inc. is scouting for investment opportunities in emerging real estate asset classes in India, particularly rental housing and warehousing. The company, which is set to enter the hospitality segment, is exploring more options in the real estate sector to expand its portfolio beyond commercial office space, said Ankur Gupta, senior vice-president at Brookfield Asset Management. Brookfield is currently in the final leg of acquiring Hotel Leelaventure Ltd’s hotel assets in India for about USD 646 million, a transaction that will mark its entry into the Indian hospitality sector. Brookfield, which has built USD 3.5 billion of assets under management (AUM) in just about six years in India, is currently one of the largest owners of commercial office space spanning 25 million square feet.
(Source : India Canada Biz Digest)
Kuwait
(Source : Embassy of India, Kuwait)
India was Kuwait’s top trading partner country for non-oil exports during February 2019, with India’s imports amounting to KD 19.4 million, as per Kuwait’s Central Statistical Bureau. As per available data, Kuwait’s top non-oil exports are seen to consist of organic chemicals, vehicles, plastics, fertilizers and machinery.