Samco Machinery Ltd, a Canada-based roll forming system manufacturer, will supply auto parts for world's cheapest car Tata Nano, unveiled by the Tata Group last month.
Samco has partnered with India's leading business conglomerate Tatas to produce parts for the Rs 1,00,000 ($ 2,500) car, Export Development Canada's Chief Representative (India) Peter L Nesbitt said, while addressing the Telfer India Forum at the University of Ottawa on Friday.
He said that Tata Nano would revolutionise the auto industry around the world.
A large number of Canadian companies attended the function organised by Telfer School of Management of the University, Indo-Canada Ottawa Business Chamber and others.
Telfer School of Management Dean Michael J Kelly said Canadian companies should not miss great business avenues in India.
"Canadian companies need to get a handle of this opportunity quickly. As a market, back office, research and development hub and source of future competitors, India should be on top of the mind for Canadian top executives," Professor Kelly added.
Ontario Minister of Small Business and Entrepreneurship Harinder Takhar and Ontario Labour Minister Brad Duguid would visit the Samco facility in Toronto on Monday and would provide more details about the collaboration.
