Maharashtra government signs pact with Quebec for economic cooperation
CDPQ, a long-term institutional investor that manages funds primarily for public and para-public pension and insurance plans, has evinced interest to tap on business opportunities in Maharashtra.
The Governments of Maharashtra and Caisse de dépôt et placement du Québec (CDPQ) signed an agreement to form a working committee that will meet at least once a year for bolstering the scope of investment opportunities and cooperation in the areas of information technology, biotechnology, aeronautics, engineering, energy, agriculture and allied activities. Couillard and Fadnavis signed a Memorandum of Understanding (MoU) to this effect on Wednesday.
CDPQ, a long-term institutional investor that manages funds primarily for public and para-public pension and insurance plans, has evinced interest to tap on business opportunities in Maharashtra. Apart from that, Bombardier, the global leading manufacturer of planes and trains, proposed to extend cooperation in transport infrastructure projects undertaken in the state. Both these companies spelt out their business plans at a meeting in Quebec with state Chief Minister Devendra Fadnavis, who is on a week-long tour to the US and Canada.
A state government release said that Fadnavis held one-on-one interaction with CDPQ President and Chief Executive Officer Michael Sabia and Bombardier Chairman Pierre Beaudoin. Fadnavis also highlighted the ongoing Metro, Mumbai Nagpur Expressway, logistic parks, financial services sector, new Fintech Hub aided by progressive policy framework and logistics and some other projects as perfect options for investment.