India is B.C.’s sixth-largest destination for exports following four years of steady growth. With over $1 billion exported in 2017, B.C. identifies the country as a priority market. There is a strong potential to build on British Columbia’s presence particularly in resource industries, international education, film and digital media, technology and wood products.
Key Sector Opportunities for Exporters
India depends on the import of forestry products as its demand shifts from hardwood to softwood. Canada is now India’s third-largest softwood lumber supplier and B.C. supplies over 90% of Canadian wood exported to the country. The development of the softwood market and growing Indian consumption of pulp and paper as well as value-added wood products open up opportunities for B.C. exporters.
Learn more about export opportunities for our forestry sector.
India has significant mineral resources and more than 3,300 operating mines. This presents an excellent opportunity for exporters of mining equipment and services. With the province’s longstanding mining history and professional expertise, exporters may offer services in mine and environmental auditing, mining studies and design, mine optimization and geotechnical feasibility. The Indian government’s push to mechanize the sector strengthens this opportunity. In addition to supplying the country with over $1 billion in copper since 2013, B.C.’s status as a world leader in metallurgical coal gives exporters an opportunity to supply India’s steel industry.
Learn more about export opportunities for our mining sector.
With more than 450 million students and an emerging economy, India has a rapidly growing demand for education services. The number of Indian students studying abroad is growing by 10% to 15% annually with numbers projected to reach one million by 2020. With over 12,000 Indian students studying in B.C. in 2015 – nearly triple from five years ago, India represents B.C.’s fastest growing source of international students. There are also significant opportunities to offer British Columbia training programs abroad through offshore branch programs and campuses in India.
Learn more about export opportunities for our international education sector.
India is a strong market for key technology sub-sectors. A rising middle class with growing consumer demand compounded with a low base of telecommunication technology, provides British Columbia with business opportunities in information communications technology, life sciences, clean technology and the creative industries of digital media, film and television. The Indian government is executing a range of environmental strategies to expand the adoption of clean tech from decentralized renewable energy to hybrid and electric vehicles. B.C. is well-positioned to supply advanced technologies and green solutions to meet these needs.
Learn more about export opportunities for our technology sector.
Read about the opportunities for B.C. businesses, investors, and workers in domestic and international trade agreements:
Opportunities in Trade Agreement