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Analyzing the Global economy at present and its future trends, Tal explained that all the major economic blocks such as Eurozone, G-7 and OPEC countries are struggling to stabilise their economies. Canada emerged as a model economy for the G-7 countries which is keeping the low interest rates and slowly increasing the capacity of its productivity in manufacturing sector. Canada is more concerned with the items which are sensitive to CAD$ as it wanted to keep the CAD$ lower as compare to US $.
Mr. Dharma P Jain, President, ICCC said that major strength of the Small and medium businesses is their close relationship with their immediate customers. This relationship has been challenged with the low cost and technically competitive products in the open market. So to cope with this challenge the small businesses needs new market and comparatively better product to compete. ICCC is always championed the cause of the SMEs in its mandate and continuously working for their cause.
Tony Chawla, Vice President, ICCC & the master of ceremony for the evening said, “Mr. Tal’s session this evening is part of the Chamber’s continuing efforts to provide a platform to take the Canada-India bilateral trade to a new level.”
Mr. Rajeev Misra introduced the speaker to the audience.
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