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  • 05 Aug 2019 5:23 PM | Anonymous


    Indo-Canada Chamber of Commerce (ICCC) deeply mourns the passing away of Hon. Deepak Obhrai, Member of Parliament from Calgary Forest Lawn.

    Hon. Obhrai was a great leader of the Indo-Canadian community. He was the longest serving Member of Parliament in the House of Commons, never having lost an election in over two decades.

    He worked tirelessly in improving Canada-India bilateral relations and in recognition of his passion, was honoured with the President's award by the Indo-Canada Chamber of Commerce (ICCC) at the Annual Awards & Gala Night in June 2019.

    In a statement released in Toronto, Pramod Goyal, President, ICCC, said, "Our Chamber and our community has lost a dear friend who dedicated his life to the community. Hon. Deepak Obhrai's untimely death has taken away a shining star from the Canadian public life. We pray that Deepak ji's family has the forbearance to face this tragedy with fortitude."

    It may be recalled, Hon. Obhrai was the recipient of the President's Award at the ICCC's Annual Awards and Gala Night in June 2019. 

  • 23 Jul 2019 6:00 PM | Anonymous

    Adverse impact of tariff conflict on global trade

     

    US-China trade tensions cause global trade to shrink by 2.3 % 

     

    L to R: BK Sethi, Sunita Vyas, Pramod Goyal, Royce Mendes, Shibaney Sahney, Sanjay Kulkarni, Rakesh Joshi 

    The rising trade tensions between the United States and China have impacted the global economy adversely and resulted in an overall shrinkage of global trade by 2.3 percent. With the tensions unlikely to dissipate in the near-term, the World Bank expects the global economy to grow by just 2.6% this year – the weakest since financial crisis of 2008-2009.

    Royce Mendes, the Director and Senior Economist of CIBC Capital Markets, in his annual presentation on the global economic trends, emphasized that the impact of the trade tensions between two of the world’s largest economies will also be felt on the Canadian economies; already China has stopped the imports of some agricultural commodities claiming that these are contaminated.

    Mendes said the tariff war between the US and China has crossed $360 billion – with US tariffs on China crossing over $250 billion and Chinese counter tariff crossing $110 billion. The Chinese economy has been severely hit by the US tariffs, and the threatened imposition of additional tariffs by the US would pull down the GDP numbers to around 5 percent.

     

     Royce Mendes, Director & Senior Economist, CIBC Capital Markets

     

    X 

     Pramod Goyal, President, ICCC

     

    Venki Raman, Vice President, Mobile Advice, CIBC 

     

     

     

     

     

     

     Rajeev Misra, Markets Vice President, CIBC

     

     Sunita Vyas, Vice President, Programs & Events, ICCC

     

     

     

    He said, while the impact of the tariff war on the Chinese economy is debilitating, the US economy, too, has been slowing down quite a bit. The downward trend in the US economy may not result in a recession, and the US monetary policies may attempt to prevent the downward slide by tinkering with the bank rates.

    Additionally, the competitive regulatory regime that the Trump administration has adopted to bring investments and jobs back into the USA has had an adverse impact on the Canadian economy. For instance, the Canadian economy has lost its corporate tax advantage as the US shifts to lighter regulatory burden.

    Mr. Mendes said that the lowering of bank rates in the US may have an impact on the Canadian economy. On the Canadian front, the housing market has remained sluggish despite the mortgage rates becoming attractive in the recently. The auto sales also reflect this downward trend, indicating a slowdown. Canadian economy is more reliant on rate sensitive sectors, in addition to elevated stock of household debt, he said.

    He said that the consumer debt will remain a perennial pressure point for Canadians, but they are unlikely to get into a payment default ever.

    Mr. Mendes said, “The coming rebound in Canada looks to be little more than a normalization following a particularly weak few quarters. Base-case outlook is for the trade-war to linger into next year and the US economy to gradually slow, requiring the Fed to ease only twice to sustain the expansion.”

    He said that the Bank of Canada will follow the Fed by cutting rates in 2020 to keep the Canadian dollar competitive and spurring sustained growth in exports and business investment. But, the timing, location and magnitude of trade shocks is difficult to pinpoint, and the situation could deteriorate faster or more aggressively than expected. 

    Recession is outside of base-case outlook, but trade-war could end up being trigger. Stocks can still rise, so long as rate cuts are delivered, and growth responds, Mr. Mendes said.

     

    Members of the audience at the annual presentation on global economy 

     

    Mr. Venki Raman, Vice President, Mobile Advice, CIBC, introduced Mr. Mendes to the audience, and emphasized that “he leads the CIBC Capital Markets’ efforts in monitoring and forecasting the Canadian economy, a team judged to be the most accurate by Reuters in 2018.”

    In his remarks, Mr. Pramod Goyal, President, ICCC, said, “the relationship that the ICCC and the CIBC have developed over the years has benefited both the institutions.” Mr. Goyal welcomed CIBC’s clients, ICCC Members, and other guests to the program.

    Ms. Sunita Vyas, Vice President, Events and Programs, introduced the evening’s program, and Mr. Rajeev Misra, Market Vice President, CIBC, gave the vote of thanks.


  • 03 Jul 2019 6:30 PM | Anonymous

    ICCC bid farewell to Consul General Dinesh Bhatia 

    ICCC President Mr. Goyal along with other board members felicitates Consul General Dinesh Bhatia

    Toronto 03 July 2019: Indo Canada Chamber of Commence bid farewell to Amb. Dinesh Bhatia, Consul General of India in Toronto at the Edward Village Hotel in Markham on 3rd July 2019. Amb. Bhatia has completed his term as Consul General of India in Toronto and prepares for his new role as India’s Ambassador to Argentina.

     

    Speaking on the occasion, ICCC’s President Mr. Pramod Goyal said that India Canada relations has been benefitted greatly from Amb. Bhatia’s leadership and vision. Amb. Bhatia’s approach of engaging all the stakeholders in taking the relationship to a new level with innovative ideas was commendable. ICCC worked very closely with the Consul General Bhatia during his over 3 years of stay and hosted a number of delegations and joint events in collaboration with the CG office under his leadership.


    Amb. Dinesh Bhatia in his address to the audience applauded the role of the ICCC in fostering India Canada relations since over four decades. He said that he attended over 70% of the ICCC’s events in the last three years which were especially focussed on promotion of business and commercial relations with India. ICCC builds the brand India in Canada and also working very closely with the CG office to promote Canada in India as well.

     
     
     Sanjay Makkar Hari Pandey   Dharma P Jain  Naval Bajaj  Jagdish Bajaj
     

    ICCC’s former Presidents Sanjay Makkar, Hari Pandey, Dharma P Jain, Naval Bajaj and former Vice President Jagdish Bajaj also shared their memories while working with the Consul General office in the past.

    The event was attended by large number of past presidents, advisory board members, members of the President’s team and ICCC office bearers including Mr. Deepak Ruparel, Mr. Andy Jasuja, Mr. Aditya Jha, Mr. Hari Pandey, Mr. Imtiaz Seyid, Amb. Praveen Verma (Retd.), Mr. Naval Bajaj, Mr. Dharma Jain, Mr. Sanjay Makkar, Ms. Devika Penekelapati, Ms. Sunita Vyas, Mr. Tauseef Sheikh, Rakesh Joshi, Mr. B K Sethi, Ms. Shibani Sahney and Mr. Sanjay Kulkarni.

    All key Chamber sponsors namely CIBC, Turkish Airlines, TD Bank, ICICI Bank, SBI Canada Bank, Peter & Paul’s, RBC Royal Bank, Seneca College, Telus, GT20, Y-Media, Weekly Voice and PTC Punjabi Canada were present through their key representatives. Tarique Anwer felicitated Amb. Bhatia and Mrs. Bhatia by presenting unique souvenir courtesy Turkish Airlines.

    The Chamber congratulated Amb. Bhatia on his new assignment and wished him all the best in his new endeavour.


  • 09 Jun 2019 7:00 PM | Anonymous

    ICCC Celebrates its Annual Awards & Gala Night 2019

     

     Rising India: Time to Act

     

     ICCC leadership with 2019 Award winners and Chief guest

     

    ICCC President Pramod Goyal 

     

     

     

      Hon. Ahmed Hussen

     

    Hon. Andrew Scheer

     

     

     

     Amb. Dinesh Bhatia

     

    Minister Todd Smith

    ICCC’s 27th Annual Awards & Gala Night was celebrated successfully with the participation of all the levels of the Government – Federal, Provincial and the Municipal. 

    On Sunday June 17, 2018, the exquisite Paramount Eventspace in Woodbridge was the venue of the annual program; it was abuzz with the who’s who of Indo-Canadian community leaders, diplomats, corporate leaders, academics, small and medium entrepreneurs, bankers, and lawyers, and the representatives of the media.

    Among the political dignitaries who participated in the program included Hon. Ahmed Hussen, Canada’s Minister of Immigration, Refugees and Citizenship; Hon. Andrew Scheer, Leader of the Official Opposition and Leader of the Conservative Party of Canada; Hon. Todd Smith, Ontario’s Minister of Economic Development and Job Creation.

    Ambassador Dinesh Bhatia, the Consul General of India in Toronto, represented the Government of India at the program. Visiting Industries Minister of the Indian Province of Chhattisgarh, Mr. Kawasi Lakhma was also graced the occasion.

    Mayors Patrick Brown (Brampton); Frank Scarpitti (Markham); and Bonnie Crombie (Mississauga); besides several Members of Parliament, the Provincial Parliament and Municipal Councils were among the other political heavyweights who participated in ICCC’s marquee event.

    The theme of the evening was the Rising India: Time to Act set the tone for the evening as every speaker emphasized the importance of the rising India in all the sectors especially its economic growth.

    Hon. Minister Hussen as representative of the Government of Canada in his remarks, mentioned the contribution of the Indo Canadian community in the Canadian society. Hon. Andrew Scheer, Chief Guest of the evening applauded the role of Indo Canada Chamber of Commerce in the promotion of Canada India relations. He said that he is confident that the bilateral relations between the two nations will grow manifold. Amb. Dinesh Bhatia in his remarks briefed about the development done by India in the last two decades.

    In his keynote address, Hon. Minister Todd Smith referred his recent visit to India. In his remarks he said that Ontario is open for trade and business and applauded the Indo Canadian community for taking risks in starting new businesses in Ontario. He assured that Ontario government is business friendly and creating jobs by promoting the entrepreneurs in all the sectors. Ontario is very positive in developing its relations with India as several Indian students are studying in the province and Indian entrepreneurs are coming forward to invest in Ontario.

    Pramod Goyal, President of ICCC, said the theme – Rising India: Time to take action – reflects the confidence Indians have in their own future and the future of their country. We, the Indians in the diaspora, have a terrific opportunity to take part in this glorious nation-building movement. “The Chamber’s leadership is cognizant of this vast and expanding economic horizon that India will continue to offer. Earlier this year, we launched our India operations by opening an office in New Delhi. We are now the only organisation working in the Canada – India corridor to have a presence in both the countries. We will leverage our presence in both these markets by creating opportunities for our members to explore the markets and build relationships,” he said.

    The highlight of the evening was, of course, the award ceremony when 11 Indo-Canadians were honored for their achievements.

    The 2019 ICCC Annual Award Winners are:

     Corporate Executive

     

    Female Entrepreneur 


    Ajai Bambawale
    Group Head and CRO, TD Bank Group

      


    Sukhdeep Kang
    CEO, Armour Insurance Brokers Ltd

     Male Entrepreneur

     

    Female Professional


    Ambrish Thakkar
    President & CEO - Thakkar Group

     


    Ena Chadha
    Barrister & Solicitor

     Male Professional

     

     Technology Achivement


    Sudhir Anand
    Founder & CEO, Voice Media Group

     


    Vijay Thomas

    Founder & CEO, Tangentia

     Humanitarian

     

     Lifetime Achievement


    Surinder Sharma
    President, Power Saving Systems Inc

     


    Dr. V. I. Lakshmanan
    Vice Chairman & CEO, Process Research Ortech Inc

     Young Achiever

     

    President's Award 

     

    Ananya Chadha

    Student, AI, ML Developer

     

     

    Hon. Deepak Obhrai

    Member of Parliament

     Member of the Year

     

     


    Dharma P. Jain
    President & CEO, D P Jain Professional Corporation

     

    ICCC Board Felicitates Consul General Dinesh Bhatia

     

     

     

    ICCC members, stakeholders, sponsors, members of the Advisory Board, the Board of Directors, the Past Presidents and other supporters of the Chamber participated in the ICCC Gala with enthusiasm.

     
    ICCC's Sponsors


  • 24 May 2019 6:30 PM | Anonymous

    Panel Discussion on 'The Future of Education'


    Indo Canada Chamber of Commerce organised a panel discussion on “The future of Education”. The world is going through a very critical phase of transformation and the education system do have a critical role to play for shaping the future of the mankind. Education through the modern means of communication through digital technologies made it more accessible and also pose numerous challenges. The panelists on board Ms. Vinitha Gengatharan, Executive Director, International York University, Mr. Andrew Ness, Dean, International at Humber College, Mr. Terence Young CEO of Gravitas Strategies and Ms. Elizabeth Long, Partner at Long Mangalji LLP discussed the various aspects of the education.


  • 15 May 2019 3:43 PM | Anonymous

    Launch of ‘CanadaWatch’ Special Issue at ICCC


    ICCC in collaboration with Robarts Centre for Canadian Studies & York Centre for Asian Research cordially launched the Special Issue of ‘CanadaWatch’ at ICCC on 15 May 2019. This Special Issue of Canada Watch is part of the research conducted by “Canada-India Project for Research and Innovation” (CIPRI). The articles in this publication are contributed by the academics, scholars and policy makers of India and Canada. The topic of the articles provides interdisciplinary approach giving comparative perspectives. The writings provide an understanding on how to enhance the scope of cooperation and engagement between the two nations. The aim is to highlight existing research and collaboration between Canada and India and to articulate the factors underpinning success, as well as, to identify bottlenecks and challenges. The launch was followed by a panel discussion focussing on 'Mapping New Pathways for Canada-India Collaborations'. 

  • 30 Apr 2019 11:00 AM | Anonymous

    ICCC Partners with SIAL Canada


    Amb. Dinesh Bhatia, Consul General of India in Toronto inaugurated the ICCC’s booth at the SIAL Canada. Indo Canada Chamber of Commerce partners with SIAL Canada for the promotion of food & beverage Industries. SIAL Canada is not only key to the Canadian agrifood industry, it is also a privileged entryway to the US and international markets. SIAL Canada is now the only event of its scale in Canada, with more than 1,000 national and international exhibitors from 50 countries hosting over 18,500 buyers from Canada, the U.S., and 60 other countries. SIAL Canada is the only national trade show that offers a complete range of food products under one roof to meet your customers’ expectations. Whether you work in the retail, catering or food processing industry, or you’re simply looking for new and innovative products or regional specialties from around the world, you’ll find exactly what you need right here.
  • 12 Apr 2019 6:30 PM | Anonymous
    CM Goa invited ICCC for Vibrant Goa Global Expo and Summit 2019
     
     
    From L to R: Abu Becker, Sunita Vyas, Jagat Shah, Pramod Goyal, Saifullah Khan, Rajkumar Kamat & Devika Penekelapati
                      

    Hon. Pramod Sawant, Chief Minister of Goa, invited Indo Canada Chamber of Commerce (ICCC) to lead a delegation from Canada for the upcoming Vibrant Goa Global Expo and Summit 2019. ICCC organised a Roadshow for the promotion of upcoming Vibrant Goa Global Expo and Summit 2019 (VG GES 2019) to be held from 17 to 19 October 2019 in Goa, India. The road show was organised in collaboration of Vibrant Goa. A delegation under the leadership of Dr. Jagat Shah came from Goa to brief the ICCC members for the upcoming mega event.


     Mr. Pramod Goyal, President ICCC, thanked the Chief Minister of Goa Mr. Pramod Sawant and welcomed the delegation at the ICCC office. Mr. Goyal said that During ICCC’s India Mission visit to Goa, ICCC explored the new opportunities available for Canadian businesses to engage with the Goan business community. In order to take this relationship to next level, the chamber signed Memorandum of Understanding with Goa Chamber of Commerce & Industry (GCCI), Goa Technology Association (GTA) and Travel and Tourism Association of Goa (TTAG). India Mission delegation also met a number of prominent decision makers in Goa including Goa Revenue & IT Minister Hon. Rohan Khaunte. Mr. Goyal assured all the support from the ICCC to the Vibrant Goa Summit.
    Mr. Saifullah Khan, Consul Commercial, Consulate General of India in his keynote address said that India’s GDP growth rate is over 7% which is highest in the world. Manufacturing sector is getting promoted in the light of Indian government initiatives such as ‘Make in India’ and ‘Start up India’. There are a number of opportunities available for the Canadian investors and businessmen to explore Indian market.

    Speaking on the occasion, Dr. Jagat Shah, leader of the delegation and Mr. Rajkumar Kamat in a joint presentation said that Vibrant Goa 2019 is organized by Vibrant Goa Foundation in partnership with Global Network and BNI and in association with Goa Chamber of Commerce & Industry, Goa State Industries Association and Goa Technology Association. Make in India is the manufacturing partner of Vibrant Goa 2019. The initiative is supported by Government of Goa, India. VG GES 2019 will be one of a kind display expo; something that has never been witnessed by the people of Goa and its industry. This display shall be sharing all the developments, newer projects and vision of growth. Vibrant Goa 2019 is based on the Vibrant Gujarat model which brings together global business leaders, investors, corporations, thought leaders, policy and opinion makers to understand and explore business opportunities. The key focus sectors of the summit are Agro and Food Processing, Emerging Technologies, Construction Equipment’s, IT (Information Technology), Light Engineering, Medical Tourism, Pharma and Biotech, Startups and Start-up Institutions, Ship Building, Education, Building Materials, construction and Real Estate, Film & Entertainment, Tourism and wellness etc.

    For detail please click here for the presentation.

    Key highlights of Vibrant Goa 2019:

    • Goa Expo
    • Business to Business B2B and Business to Government B2G Meeting
    • Knowledge Sharing Seminars on countries & sectors
    • Technology Transfer proposals
    • Opportunities of Investment and Joint Ventures
    • MoU signing with International Chambers
    • Company Site visits
    • Goa Shopping Festival
    • Guinness Book World Record attempt for largest Feni Drink (Cashew Liquor

    The event was introduced by Ms. Sunita Vyas, Vice President Events & Programs and vote of thanks was delivered by Ms. Devika Penekelapati, Vice President & Corporate Secretary. Mr. Abu Becker, Vice President Finance and Mr. Dharma P Jain, Past President of the Chamber were also present at the roadshow. 


  • 18 Mar 2019 6:30 PM | Anonymous
    City of Mississauga: Scaling New Heights
     
    The State of the City Address
     
    by Her Worship Bonnie Crombie, Mayor of Mississauga
     Mayor Crombie delivers 2019 State of the City Address

    "We are strengthening the foundation to build Mississauga for the future generations," Mississauga Mayor Bonnie Crombie said during her 2019 State of the City Address delivered at the Indo-Canada Chamber of Commerce (ICCC) on 18th March 2019.

    “Mississauga will inspire the world as a dynamic, global city bursting with creativity and innovation. A vibrant, safe and inclusive city where we celebrate our rich diversity and cultures. A City that is open for business and that attracts top talent and investment from around the world. Mississauga will continue to be a place where people choose to live, work and raise a family and where businesses thrive for generations to come,” Mayor Crombie said.

    She said that, “we are a place where people choose to live and work and where businesses want to invest and innovate.”

    “Mississauga is working as a magnetic city, attracting investment globally,” Crombie said.

    Highlights of Mayor Bonnie Crombie’s City Address at the ICCC:

    • Mississauga is preparing for the jobs of tomorrow, not the jobs of today
    • City is the second largest cluster of employment next to Toronto and outpacing other cities in the GTA.
    • Mississauga is home to Canada’s largest Airport
    • It holds ‘AAA’ credit rating from Standard & Poors (S&P) 15 years in a row, it helps the businesses to build more confidence in the city.
    • City have over 1400 multi-national firms and 91,000 businesses out of which 95% are small businesses
    • Diversity is key to the success of businesses in the city with over 145 languages spoken
    • City is home to 75 Fortune 500 companies and 66 Fortune Global 500 Companies
    • Over 70% of the workforce population have post-secondary education
    • City is well connected by 7 major highways
    • Projected nearly $55 million in savings of tax dollars over the past decade
    • As a City, we will also need to handle the explosive growth we will experience in the next twenty years, when we will have nearly 900,000 people living in our City as compare to 800, 000 at present.
    • Mississauga downtown will be having 25 new buildings, twelve million potential square feet of new office space and Hurontario Light Rail Transit (LRT) from north to south spine of transit system. Over 3800 businesses and 78000 jobs rely on this line today.

    “This year, we reached a major milestone by not only meeting but exceeding our goals, bringing the total amount raised since I first started the food drive four years ago to 1 million dollars and 1 million pounds of food”, said Mayor Crombie

    Mayor Crombie concluded “I will continue to make attracting business to Mississauga, my business.”

    In her remarks, ICCC Vice President Devika Penekelapati informed the Mayor of Mississauga that the ICCC is planning a major event in the next couple of months – the SME Expo that will showcase the businesses of Canadian small businesses and simultaneously focus on pertinent issues pertaining to small businesses through panel discussions involving specialists and experts.

    ICCC President Mr. Pramod Goyal welcomed Mayor along with other present and past board members Mr. Abu Becker, Ms. Sunita Vyas, Mr. Rakesh Joshi, Mr. Chirag Shah, Mr. D P Jain, Ms. Asha Luthra, Mr. Harjit Kalsi, Mr. Jagdish Bajaj and Mr. Pappur Shankar. The event was well attended by the ICCC members and stakeholders.


     
    ICCC board with Mayor Crombie
     

    Mayor Crombie with the ICCC members 


  • 12 Mar 2019 1:00 PM | Anonymous
    Coffee Board of India delegation interacts with ICCC members
     

    Meeting in progress

    Toronto: Indo Canada Chamber of Commerce met the visiting Coffee Board of India delegation at the ICCC headquarters on 12th March 2019. The delegation was led by Mr. N. N. Narendra, IOFS, Director of Finance, Coffee board, Ministry of Commerce & Industry, Government of India. Delegation visited Canada for the promotion of Indian Coffee Products. India is one of the largest exporter of coffee to Europe and Italy is the largest importer of Indian Robusta Coffee. The delegation was exploring the opportunities for exporting the coffee to Canadian market as Canadians are one of the highest consumers of per capita coffee.

    In his detailed presentation, Mr. Narendra said that India is the Seventh largest Coffee producer in the world, produces 3.16 lakh MTs of the worlds’ best Sustainable and Scintillating Coffees. Coffee in India is grown in different geographies, under varying degrees of altitudes and rainfall. These differences bring subtle but exciting variations to the flavour Indian Coffee. Indian coffee is grown under the canopy of two-tier mixed shade, handpicked, sun dried, grown at altitudes above 1000m, nurtured by rich soils, mountain streams and filtered sunlight with diverse ecosystem with rich flora and fauna and it is Eco-friendly. Indian coffee beans are dense, full bodied, and slightly acidic with exciting aroma.

    India also produces some specialty coffees such as Monsooned Malabar Coffee, Mysore Nuggets, Robusta Kaapi Royale etc. India also do have world class infrastructure to provide space, product development laboratories for maintaining international standards of the coffee.

    Ms. Devika Penekelapati, Corporate Secretary & Vice President ICCC welcomed the delegation and briefed them about the chamber and its activities. ICCC board members Ms. Sunita Vyas and Mr. Rakesh Joshi were also present along with ICCC past Presidents Mr. Sanjay Makkar and Mr. D P Jain.

    Please click the following for details of Indian Coffee


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