Potash-Rich Canadian Province Invites Indian Investors

Source:

Sakskatchewan is one of the world's largest potash producers.

Endowed with world's largest potash and uranium reserves, Sakskatchewan is one of the world's largest producers of pulses. The Canadian province of Saskatchewan is inviting Indian entrepreneurs to take over small and medium enterprises (SMEs) which do not have succession plans.

The province also wants Indian students there to stay back and pursue businesses. Nearly 40% of the SMEs do not have succession plans.

"In order have continuity of business, we invite Indian entrepreneurs to explore acquistion of such SMEs," Rob Norris, minister for advanced education, employment, Labour and immigration, told IANS.

The Canadian SME sector contributes around 45% of the country's economy, and in 2009, the province exported around C$440 million worth of Potash, Norris said.

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