CANADIAN business community evincing interest in strengthening Indo-Canadian ties

Canadian PM Justin Trudeau mocks his visit to India, says 'it never  happened'

PRIME Minister Narendra Modi has pleaded with the Canadian business community to take advantage of India’s business-friendly ecosystem to further strengthen economic ties between the two nations. In his keynote address at the Invest India Conference in Canada on  October 08, PM Modi stressed the need for further cementing the friendly bilateral ties driven by their shared democratic values and many common interests. The trade and investment linkages between us are integral to our multi-faceted relationship. Canada is the 20th largest foreign investor in India. More than 600 Canadian companies have presence in India. ‘’I am told that Canadian Pension Funds have pledged around 50 billion USD as an investment in India till now. Our relationship is perhaps far stronger than what the numbers suggest. But that also means together, we can achieve much more’’, PM Modi added. Canada is home to some of the largest and most experienced infrastructure investors. Canadian Pension Funds were the first ones to start investing directly in India. Many of them have already discovered great opportunities in a range of areas like highways, airports, logistics, telecom and real estate. They are looking at expanding their presence and finding new areas to invest. Mature Canadian investors who have been in India for many years now can be our best brand ambassadors. Their own experience, their plan to expand and diversify can be the most credible evidence for all of you to come here too. In addition, you have the benefit of knowing India well. After all, Canada has one of the largest Indian diaspora in the world. There would be no barriers for you here. You would find yourself as welcome here as in your own country, Modi said. India’s High Commissioner in Canada Ajay Bisaria welcomed the distinguished participants at the Invest India Virtual Conference for Canadian Business. The Indian High Commission in Canada, Fairfax and Canada India Business Council held a crucial Invest India Virtual Conference for Canadian Business. Amongst those who spoke were  Prem Watsa, Chairman and Chief Executive Officer, Fairfax Financial Holdings Limited and  Nadir Patel, High Commissioner of Canada in India.  Victor Thomas, President and Chief Executive Officer, Canada India Business Council,  Nirmal Jain, Founder and Chairperson, IIFL. Jain gave a vote of thanks to  PM  Modi for his inspiring Investor friendly and caring for the masses speech. Jain also welcomed the High Commissioner of India in Canada, High Commissioner of India in Canada and Shri Prem Watsa and Fairfax Financial Holdings for supporting this initiative. High Commissioner for India in Canada Ajay Bisaria said ‘’together even in the midst of a global crisis. We should be out of the woods next year. But I think it is important to look at a long-time perspective. I had the opportunity to speak to a large number of business leaders across Canada. My one impression of the Canadian Companies already active in India has been the strong assertion of confidence in the medium-term perspective of the Indian economy’’. Executive Officer, Canada India Business Council,  Nirmal Jain, Founder and Chairperson, IIFL. Jain gave a vote of thanks to  PM  Modi for his inspiring Investor friendly and caring for the masses speech. Jain also welcomed the High Commissioner of India in Canada, High Commissioner of India in Canada and Shri Prem Watsa and Fairfax Financial Holdings for supporting this initiative. High Commissioner for India in Canada Ajay Bisaria said ‘’together even in the midst of a global crisis. We should be out of the woods next year. But I think it is important to look at a long-time perspective. I had the opportunity to speak to a large number of business leaders across Canada. My one impression of the Canadian Companies already active in India has been the strong assertion of confidence in the medium-term perspective of the Indian economy’’

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