Canadian firms to invest in Mumbai Metro

Mumbai: Aerospace-transportation major Bombardier and a few other Canadian multinational companies are interested in investing and collaborating on the Mumbai metro projects and in the various fields like artificial intelligence (AI), ports and others. Chief minister Devendra Fadnavis signed an MoU with the Quebec Prime Minister Philippe Couillard on Wednesday for the developmental projects across the state.

Mr Fadnavis expressed that, it's a new beginning of economic cooperation between the two countries. The agreements related to economic cooperation in information technology, bio-technology, aeronautics, energy, AI and tribal development were signed by the two. Besides, CDPQ, Institutional Fund Manager which manages funds over $298 billion, and Bombardier industrial group have expressed their willingness to invest in Maharashtra.

A delegation of state led by the chief minister is currently on visit to Canada. Mr Fadnavis called on Mr Couillard and discussed with him  various important issues. Maharashtra has a large number of youth and to provide them employment in future, there is a need to use AI technology in ports sector.

Mr Fadanvis highlighted Maharashtra Samruddhi Corridor, logistic parks and few more projects as the perfect options for investment.  The state delegation met Pierre Beaudoin, Chairman of the Board Corporate office of Bombardier, a multinational Aerospace.