GLV Group, a technology solution provider for water treatment and pulp and paper production, is planning to expand operations in India.
Export Development Canada (EDC) recently announced a EUR 1.5 million loan for GL&V India, a subsidiary of GLV Group, to facilitate expansion and modernization of its existing production unit. Carl Burlock, Senior Vice President, EDC, said: “EDC really believes in GLV’s approach, and we wanted to make sure that we provided the right kind of financial tools to make their foreign investment plans happen.”
EDC provides finance, insurance and bonding for Canadian companies to help them expand in foreign countries. The Canadian government and EDC consider India to be a strategic market.
Burlock added: “Medium-sized companies like GLV are looking for flexible financing solutions that can help drive their international business growth. EDC’s approach is to help fuel that growth to help companies like GLV graduate into large Canadian trade champions.”