July 9, 2010 11:28 AM

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India, Ontario sign MoU for cooperation in mining sector

<br/>India and the richest province of Canada, Ontario, signed a historic Memorandum of Understanding (MoU) yesterday to boost cooperation and investment in the field of geology and mineral resources. The MoU was signed between India Mines Minister B K Handique and the Minister of Northern Development Mines and Forestry for the Ontario government, Michael Gravelle in Canada. <br/><br/>Speaking on the occasion, Handique said the MoU will promote Canadian investment in the fields of mining and mineral exploration and exploitation. He said this will also encourage and foster mining investment, transfer of technology and joint ventures. <br/><br/>Handique, who is in Canada as part of efforts to attract Canadian mining companies to India, said India look forward to work with Ontario constructively for early realisation of the MoU's objectives. Gravelle said the the MoU will provide a solid framework for Ontario and India to strengthen existing business relationships and develop new ones.<br/>

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