Manitoba in India Bonnie de Moissac June 14, 2011

28 years of high growth Average annual GDP growth (%)

Population growth is slowing Sources: : Angus Maddison (1995), Monitoring the World Economy, :Census of India (2001) (%)

Literacy rate is rising Source: Census of India (2001) (%)

When middle class is 50%, many changes will occur.... Source: The Consuming Class, National Council of Applied Economic Research, % 22% 32% (m)

Poverty is declining % of the people have been crossing poverty line each year for 25 years Equals ~ 200m (%)

Per capita income gains Source: World Bank US$ ppp , ,178

GLOBAL NETWORK JAGAT SHAH, MANITOBA REP IN INDIA International trade consulting firm Offices in 11 Indian cities North : Delhi, Chandigarh South : Bangalore, Hyderabad, Kochi, Alappuzha West : Mumbai, Ahmedabad, Rajkot, Surat East : Chennai

Excellent Export Prospects for Manitoba companies Airport and Ground Handling Equipment Computers and Peripherals Education Services Electric Power Generation, Distribution and Transmission Equipment Food Processing & Cold Storage Equipment Machine Tools Medical Equipment Civil Nuclear Energy Mining and Mineral Processing Equipment Resource Extraction Machinery Renewable Energy Safety and Security Equipment Telecommunications Equipment Fabrication Machinery Water Treatment

Advantages of JV with an Indian Company Versus setting up your own company in India Joint Venture  Complements respective strengths  Allows the companies to enter new geographical or technical areas  Access combined resources which is high on quality and quantity  Easier market access & govt liason  Less manpower challenges  Better cultural understanding  Onus of success on Indian JV partner  Low risk, Taxation ease Setting Up Own Company  Depend on one company’s strengths  Do not have the experience and the bandwidth to venture into new areas  Only own resources  Market access & govt. liason challenges.  HR demands divert market focus  Cultural challenges  Onus of success on local staff  High risk, Taxation challenges

How We Can Help: Commercialization Support for Business Program

What is it? The Program provides financial assistance to cost share arms-length third party expenses up to a maximum of 50% Multi staged financial assistance program that targets Manitoba entrepreneurs and small to medium sized enterprises that are seeking to: –start-up. –expand or modernize their business through innovation and commercialization. –access to new markets.

Program Benefits Broader support for full range of commercialization activities. Staged assistance offers more flexible funding levels One program that serves all sectors from agriculture to new media to manufacturing. Support at each level of the business life cycle Greater access to business development information and support through joint departmental delivery that utilizes an enhanced single-window approach

Program Stages Concept Development (up to $25,000) Product Development (up to $40,000) Product Commercialization (up to $200,000, software development up to $20,000) Market Development (up to $30,000) Certification Assistance (up to $15,000) Intellectual Property (up to $25,000)

Program Delivery Commercialization Support for Business Program information is available through GoM service centres –Manitoba Business Gateways –GO Centres –Canada/Manitoba Service Centres Application forms available online at: – –

UPCOMING EVENTS 5 TH Renewable Energy IndiaDelhiAug 10-12, 2011 ICT Breakfast SeminarWpgSept. 15, 2011 Cnd Mfg Technology ShowTorontoOct , 2011 International FairDelhiNov. 14, 2011 Life Sciences Video SeminarWpgOct. 4, 2011

THANK YOU FOR YOUR INTEREST IN INDIA !