Surrey firms obtain Indian ink

Trade mission results in deals for Surrey, SFU and Onux Nexus

At least two locals are hailing a Indian trade mission as a success, with contracts and memorandums of understanding already signed.

Onux Nexus, a Surrey-based corporate services company, announced Friday it secured the first of what it believes will be a multi-deal trip with one of the most powerful Asian organizations in his field.

“Oxus Nexus had short-listed a few companies to target heavily during this trip. Datamatics was right at the top,” Onux Nexus Managing Director Upkar Tatlay said in a release. “Essentially, we came to Mumbai seeking a joint venture to secure a partner that could ease our transition into the Indian market for Canadian biotech advances in medicine and technology. Our first foray into the Indian market is going to be a test product with applications in the defense sector (Armed Forces) as well as in the public sphere. This is extremely exciting for my company.”

During an extended session on the first day of meetings, followed by a second meeting featuring a large team from Datamatics, Oxus Nexus and Datamatics reached an agreement and moved to an MOU specific to transition, test markets, and finance, primarily.   

In addition, Indian media are reporting that the City of Surrey and SFU have “inked a deal with India-based Luminous Power Technologies (LPT).

LPT provides power backup solutions for home, commercial, telecom towers and renewable energy systems.

It signed a memorandum of understanding with Surrey and SFU on plans to create clean energy systems in Surrey.

It’s hoped to create a new LPT office in Surrey, while fostering research and education partnerships with SFU Surrey campus.

In total, 32 delegates are participating in the Mission representing 24 companies in the clean energy, education, wood and manufacturing, film and entertainment, life sciences, communications technology and business and finance sectors. Over 100 meetings will take during the Mission.

The trip, which includes elected officials as well as corporate executives, takes place February 10 – 21 and includes time in Mumbai, New Delhi, Bangalore, Chandigarh, Jalandhar, Ludhiana and Amritsar.

kdiakiw@surreyleader.com

Just Posted

What the 2016 Census tells us about Surrey

The City of Surrey, by the numbers

City removes signs opposing housing development at Surrey golf course

While opponents claim political interference, City of Surrey says signs were not lawfully erected

Make and break New Year’s ‘WrestleLutions’ this Saturday

Cloverdale-based All Star Wrestling presenting full line up Saturday, Jan. 27

ZYTARUK: Only the truth, and nothing but

Lying hurts all of us. You, me, them. All of us.

UPDATE: Rockslide keeps Coquihalla northbound lane closed

Highway 5 is closed in one direction.

REPLAY: B.C. this week in video

In case you missed it, here’s a look at replay-worthy highlights from across the province this week

Police fear fewer fentanyl imports don’t signal the end of the overdose crisis

RCMP say it’s just as likely that criminal are getting more clever

UPDATE: Two people die in ATV accident south of Campbell River

Third person survived attempt to cross a creek

Justice group, fellow trustee, defending B.C. school trustee

Chilliwack school trustee facing increasing pressure to resign over LGBTQ beliefs

Giants, Rivermen on the NHL radar

Vancouver leads all WHL teams with five players on NHL Central Scouting list

Coal dust escaping rail cars spurs B.C. petition

Local governments are on board with Shuswap resident’s request for better control of escaping particulate

Lawyers slam ‘de facto expulsion’ of student guilty of sexual interference

Calgary student guilty of sexual assault of a minor allowed to finish semester

B.C. NDP set to restructure union bargaining

School trustees to regain control over employer group

New development in missing plane near Revelstoke

The family of Ashley Bourgeault believe they have found a new clue

Most Read