As one of the world's fastest growing economies, India continues to attract foreign investment due to its competitive labour costs, lucrative domestic market and skilled workforce. However, structural constraints including bureaucracy and a weak rule of law keep India from realizing its full economic potential. The Modi administration has taken steps to eliminate some of these bottlenecks by focusing on public sector reforms and improving the business and investment environments.The implementation of the long-sought GST will help the country create a common internal market and with it greater transparancy, improved ease of doing business and tax efficiences. While India does possess multiple opportunities across several sectors; strong local competition, heavy bureaucracy, underdeveloped infrastructure and lingering CSR issues in both the public and private sector present challenges for Canadian exporters and investors. In order to be successful in the market, Canadian companies must be prepared to develop and foster strong relationships on the ground with the guidance of the EDC representative in market. They must be willing to match the scale of the large procurement needs and be able to adapt to the rigorous and dynamic market requirements.
- Advanced Security
- Automotive & Heavy Truck
- Construction & Infrastructure
- Environmental Infrastructure & Waste Water
- Oil & Gas
How we can support your business
Through our representations in New Delhi and Mumbai, we provide on-the-ground support to Canadian companies planning on or currently doing business in India. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.
- We are well positioned to help Canadian companies through a range of financing and risk management services.
- Learn more about our service offering.
Consult our interactive Country Risk Quarterly report.