ICCC's India Mission 2018 delegation with Gujarat Chief Minister Vijay Rupani in Gandhinagar

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Toronto: Indo-Canada Chamber of Commerce (ICCC) launched its five-city India Mission 2018 on January 8, 2018.

The Mission will be visiting Mumbai, Ahmedabad, Delhi, Chandigarh and Kolkata. The sectors of focus on the 2018 mission are Agro and Food Processing, ICT and Advanced Manufacturing, Financial Services, Education, Business Immigration and Skills Development.

The highlight of the Mission will be participation in the Bengal Global Summit in Kolkata.

Speaking on the occasion, Kanwar Dhanjal, President, ICCC, said, “As an annual feature, the Chamber has continued with its efforts to take economic ties between Canada and India to the next level.” He added that the primary focus is to build linkages between Canadian and Indian businesses and familiarize Canadian businesses with the tremendous opportunities that have opened up in India.

The ICCC President explained that India Mission 2018 has special significance because the Indian economy continues to grow at a stupendous rate. A recent World Bank report states the fundamentals of the Indian economy remain strong, with robust economic growth, strong fiscal consolidation, and low current account deficit, higher agricultural output, growing FDI, low inflation and higher wages in rural areas. Foreign investors are flocking to the Indian capital markets in a big way with a net inflow of over $30 billion of so-called hot money in 2017, with equities alone getting over $8 billion – an amount bigger than the cumulative investment of the previous two years.

Working in tandem with the Canadian diplomatic corps, the Chamber’s partners in success which include other business chambers, and union and state governments, the ICCC has lined up interactive sessions, B2B meetings, seminars, and workshops during the next two weeks.  In the first leg of the Mission, it will get the briefing with the Canadian Trade Commissioner’s office in Mumbai.

In Gandhinagar, the delegation met the Gujarat Chief Minister Honorable Vijay Rupani. The delegates will be meeting important political decision makers including the chief ministers and ministers of Punjab, Haryana, West Bengal, and Gujarat during the mission. The two-week India Mission 2018 that commenced on 8th will conclude on January 18.