Toronto: Prime Minister Narendra Modi today met managers of Canada's major pension funds and sought investments from them in India's infrastructure sector.
"Business before breakfast PM @narendramodi meets bankers, pension fund managers & pitches for investments from Canada," Ministry of External Affairs Spokesperson Syed Akbaruddin tweeted after Modi held a roundtable conference with them.
"Demand to do business with India has gone up exponentially; India now on top of our list - Canadian investors to PM," he said.
"Modi will meet Canadian bank and pension fund managers in an effort to attract capital for infrastructure development," India's High Commissioner in Canada, Vishnu Prakash, had said yesterday.
Canada's pension funds include some of the world's biggest investors.
"They are looking for avenues where they can get secure and safe returns over the long term. They realise India is one of the countries that offers what they are looking for," Prakash had said.
Modi, who arrived in Canada yesterday on the last leg of his three-nation tour, has made a strong pitch for 'Make in India' initiative.
The bilateral trade increased to USD 5.18 billion in 2013-14 from USD 4.83 billion in previous year.
Modi yesterday said that environment is changing in India and highlighted that various international agencies including World Bank and IMF have said that India is the fastest growing economy.
India is focusing on the manufacturing sector and Canada has raw material, Modi had said.
