Indeed, very briefly, I would say that one has to take the bilateral investment statistics with India with a grain of salt. First of all, we only track what is considered foreign direct investment with at least a 10% stake. Portfolio investment is not captured and there are substantial amounts of that in the world today. Also, then, for tax reasons, investment may be registered in third countries and not appear in official stats.
What we know from anecdotal evidence from our operations in India, in speaking to Canadian companies that are investing there, and also in speaking to Indian companies that are invested here in Canada, is that we can quickly add up amounts that exceed the official stats. When we meet with a company, they tell us what they consider to be their stock of investment in Canada, regardless of what third country it may be structured to for tax maximization purposes that are obvious to all corporations around the world.
I would say there's certainly an interest in fertilizers and in natural resources. But more broadly speaking, certainly, we've talked about information and communications technology, life sciences, and advanced manufacturing. Given the size of India and the strong growth demographically and economically, you can imagine that it's pretty much in every sector.
I don't know that the Indian government has any kind of industrial or sectoral strategy, if that's what your question was referring to. My guess would be, if that was your question, that there isn't.