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Newsletter - May 2016

15 May 2016 5:00 AM | Anonymous

           

ICCC Newsletter  
May 2016  
Letter from the President

Arrival of a new consul general of India in Toronto is always a momentous occasion. In welcoming Dinesh Bhatia as India’s new consul general in Toronto, we at the Indo-Canada Chamber of Commerce (ICCC) are excited at the prospects of continuing our efforts to foster bilateral trade between Canada and India. Mr. Bhatia has been in Toronto since March 2016, and our Chamber organized a business reception for him recently that was attended by business leaders of the community.

The new consul general, in his remarks, emphasized on three priorities – to deepen outreach within the Indo-Canadian community, to enhance trade, and to create a forum for Indian students enrolled in Canadian educational institutions. Members, stakeholders, partners and well-wishers of the Indo-Canada Chamber of Commerce will realize that of the three priorities that Mr. Bhatia has set out for himself, the Chamber has actively pursued the first two (uniting the Indo-Canadian diaspora, and fostering trade). At the business reception, and prior to Mr. Bhatia’s speech, I offered to work with the Consulate General to create a forum for Indian students in Canada; an offer that the Consul General accepted immediately.

In 2015 over 40,000 students from India were enrolled in Canadian educational institutions, constituting 12 percent of the total enrolment of international students. The number of students has steadily been increasing, and the year to year rise was expected to be 11 percent. Indian students require handholding when they come to Canada; they need cultural acclimatization and a sense of belonging to feel secure in an alien environment at least initially.

Along with the ICCC, the Consulate General can launch an association that can provide this backing to the Indian students when they come to Canada. We can extend this service to subsequently also include linking the students to different small businesses owned and operated by Indo-Canadian entrepreneurs and professionals. Thus both the ICCC and the CGI-Toronto can become conduits for a swifter and better integration of the Indian students in Canada.

 Click here for more: Letter from President

ICCC Annual Awards & Gala Night
 
ICCC's Annual Gala is a premier social and business event for all Indo-Canadians, and it hosts more than a thousand guests. Leading entrepreneurs, professionals, decision-makers in the government, and academics attend the event. The evening promises to be an enthralling mixture of entertainment, awards presentations and speeches by eminent public figures. It is our marquee event where we promote trade and commerce between India and Canada and recognize the achievements of Indo-Canadians from all across Canada by way of an award presentation.

For more details, and to reserve your tables, click here: ICCC Annual Awards & Gala Night 2016
Insight: By Kant K. Bhargava

The challenge today before Canadian and Indian policy practitioners is to work simultaneously on two fronts. They must provide insights that would assist in bringing to fruition the protracted negotiations on Comprehensive Economic Partnership Agreement based on the six year old 2010 report of the Joint Study Group set up by the two Governments.

 At the same time they need to set in motion a wide ranging policy dialogue that will assist in the building up of a more ambitious partnership by taking into account contemporary developments such as Internet of Things, Climate Change, developments in the Arctic, commercialisation of renewable energy and other clean technology, e -commerce, venture capital, cyber security and counter terrorism.

For this purpose, the two Governments need to set up a High Level Group comprising of concerned Government officials as well as knowledgeable specialists in these areas for preparing a joint report for consideration of two Governments. 

Canada needs to consider its possible responses to brand schemes such as Make in India, Skills Development, Smart Cities Project and Digital India. How can Canada be a part of the solution of looming problems affecting tens of millions in India in regard to nutrition security, and water crises?

The Report of the above mentioned High Level Group, which may also include ideas that emerged at 2016 World Economic Forum in Davos on the theme “Mastering the Fourth Industrial Revolution”, could be a basis for the building of a broader and more ambitious partnership in the context of contemporary global developments. 

Click here for more: Insight

India Mission 2016 Report

Indo-Canada Chamber of Commerce’s (ICCC) India Mission 2016 was a resounding success with over 50 Canadian small businesses joining the mission, and both the Chamber and the participating companies signing several Memorandums of Understanding (MoUs) during the mission.

The MoUs signed during the mission included two that the Chamber signed with the state government of Uttar Pradesh and with the Thiruvananthapuram Chamber of Commerce. Both the MoUs will promote trade and business with Canada and the Indian states who are signatories to the understanding. In addition, ICE Down Beverages Inc. signed a MoU with Indo Canadian Business Council to manufacture Canadian water (Aqua Water) in Gujarat; SPS Canada signed a MoU with Royal Academy of Gujarat for the cooperation in education sector; and another delegate signed a MoU with the Santhigiri Ashram in Thiruvananthapuram, Kerala for sharing the knowledge on Ayurveda and Yoga for drug abuse and rehabilitation.

Among the political leaders who accompanied ICCC’s India Mission 2016 included Patrick Brown, the leader of Ontario’s Progressive Conservative Party. Along with MPP Brown, a delegation of PC party leaders that included MPP Victor Fedeli, Jack Maclaren, Lisa Macleoud and Norm Miller were also part of the mission.

The two weeks business and trade mission visited eight cities and focused on four key sectors – Food Processing, Health care, Smart Cities, and Tourism and Hospitality. These are the sunrise sectors for Canada-India trade relations. 

Download the report: India Mission 2016
Business Snippets   Programs & Events   Global Tenders

       
A brief summary of the most
significant economic news
during the last month.




  A quick recap of the recent
programs and events
organized by
the ICCC.
This month's
recap is about the
just-concluded
India Mission 2016.

  A list of latest
Global Tenders
floated by the
Government of India.




Click here for more: 
Business Snippets
  Click here for more: 
Programs and Events
  Click here for more: 
Global Tenders

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