mumbai the tata group will get as much as 500 million annually in financing from canadas trade finance agency to expand and grow the conglomerates businesses in the north american country towards this effect the conglomerates holding company tata sons has signed a financing agreement with export development canada edc in april 2014 edc had signed a similar deal with reliance industries edc will underwrite loans primarily to help small to mediumsized canadian companies within the tata groups global network a release from tata sons said the tata groups global operations has over 1000 canadian suppliers the tata group is a critical organisation in india which is a key market for canada said benoit daignault ceo export development canada the financing will help tata deepen its roots in canada as well as create new opportunities for canadian companies daignault added this funding arrangement with edc will facilitate the expansion plans of tata companies said madhu kannan member group executive council tata sons indias top business house has a strong presence in canada through its key companies including tata consultancy services tata steel tata chemicals and tata technologies employing approximately 3000 people the cyrus mistryled tata group has invested 11 billion rs 7066 crore based on current exchange rates in canada over the past five years including 305 million rs 1927 crore in 2014 with active consideration for new developments going forward the tata sons statement said the statement however didnt state any specific financing details between edc and the tata companies