Indian multinational giant Tata can count on up to US$500 million in annual financing from EDC

Export Development Canada, Canada's lead export funding agency will provide Tata companies with up to US$500 million a year to support the Indian conglomerate's expansion and growth in Canada. EDC says it will underwrite loans primarily to help small-to medium-sized companies within Tata's global network. 

Tata has invested more than $1.3 billion in Canadian operations over the past five years, including $355 million in 2014. It operates several Canadian divisions in the beverage, steel, consulting, chemicals, communications, technologies and interactive sectors that employ about 3,000 workers.

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