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Consul General of India Preeti Saran at her office in Toronto in April 2011.
Consul General of India Preeti Saran at her office in Toronto in April 2011.
(Kevin Van Paassen/The Globe and Mail)

streetwise

Indian firms explore the possibilities of Canadian energy

A number of Indian companies are in “discussions” to acquire or invest in Alberta’s energy companies, the latest sign of growing foreign interest in Canada’s vast reserves of oil and gas assets.

Indian Consul General Preeti Saran said deepening interest in Canadian energy assets is coming from both Indian private and public-sector companies, including the Reliance Group and ONGC Videsh Ltd.