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Maharashtra collaborates with Quebec for economic cooperation

Chief Minister Devendra Fadnavis, who is on a week- long tour to the US and Canada, signed a Memorandum of Understanding (MoU) to this effect with Quebec Premier Philippe Couillard today.


PTI Last Updated at 13 Jun 2018, 12:06 IST India
Maharashtra collaborates with Quebec for economic cooperation
  • He said CDPQ has agreed to partner with some companies in India and also shown interest in working with retail partners. (Image Credit: Facebook)

The Maharashtra government and Canada's Quebec province have signed a pact to increase the economic cooperation, especially in areas like information technology, biotechnology, artificial intelligence and welfare of the tribal community.

Chief Minister Devendra Fadnavis, who is on a week-long tour to the US and Canada, signed a Memorandum of Understanding (MoU) to this effect with Quebec Premier Philippe Couillard today.

"We also discussed ways to increase our collaboration over knowledge-sharing on ports as today Maharashtra has the strength of the majority of the youngest population," Fadnavis said in a statement.

The chief minister also met Pierre Beaudoin, chairman of the Board Corporate office of Bombardier Inc, a multinational aerospace and transportation company and the world's leading manufacturer of aircraft and trains in Quebec.

Fadnavis said Bombardier Inc has assured support to the Maharashtra Metro and Monorail Transport Infrastructure, "that will change the shape and future of mobility."

He also met Michael Sabia, the president and CEO of CDPQ (Caisse de dpt et placement du Quebec), an institutional fund manager which manages funds over USD 298 billion.

It will help attract more Canadian pension funds investing in India, Fadnavis said. He said CDPQ has agreed to partner with some companies in India and also shown interest in working with retail partners.

Fadnavis also highlighted the Maharashtra Samruddhi corridor, logistic parks and some other projects in the state as the "perfect options for investment."

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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