The Indo-Canada Chamber of Commerce (ICCC) congratulates Prime Minister Justin Trudeau for his second term as the Prime Minister of Canada. The 21 October Canadian federal election results have given us a Liberal minority government. The result reflects the Canadian political reality.

Globally, minority governments have inherent challenges that require dexterous political management. The Indo-Canada Chamber of Commerce is cognizant that while making important decisions the new government in Canada will have to consider political stances of parties that support it and ensure its survival.

India is going to remain one of the fastest growing economies of the world for the foreseeable future, and Canada can steer its growth to make it sustainable. As the largest representative of Indo-Canadian businesses, the ICCC unequivocally states that the Trudeau government should make enhancing relations with India a priority.

While a lot has been achieved during the last five years, and especially during the Prime Minister’s India visit last year, a lot remains to be done. An indication of the stagnant status of bilateral ties is that trade between Canada and India stays stubbornly below the $10 billion mark.

It is time to expand sectors of cooperation that have dominated trade between the countries and include new areas such as technology transfer in sunrise sectors where Canada can be of a great assistance to India.

Additionally, several factors have emerged in recent times that are transforming bilateral relations qualitatively. These include:

• The growing number of international students from India enrolled in Canadian universities
• The qualified and skilled immigrants from India through the express entry program

A constructive approach will take the bilateral relations to the level they ought to be and the ICCC is willing to play the role that it traditionally has of being a conduit between the two establishments to put the ties firmly on an upward trajectory.

Insight

• Canada became a nation in 1867 (152 years)
• Indian became an independent nation in 1947 (72 years)
• Canada’s exports to India in 2017-18 was US$ 4.7 billion
• India’s exports to Canada in 2017-18 was US$ 2.5 billion
• Total trade between the two nations was US$ 7.2 billion
• Canada’s total trade with USA was US$ 508 billion (70 times that of India)
• Canada’s total trade with China was US$ 63 billion (9 times that of India)

Ten steps to increase trade between India & Canada:

1.     Startups and innovative companies are the key to the future  
2.     Warehouse in India and Canada 
3.     Formalize buying agency network in Canada and India  
4.     Organize one Federal investment Expo and summit every year
5.     Organize Vibrant Canada Global Expo & Summit 2020 in India
       & Vibrant India Global Expo & Summit in Canada
6.     Global Tender business between Canada and India
7.     Indo Canada Joint Venture Centre
8.     Investment always follows trade      
9.     Trade and investment helpline

 Affinity Program Announcement

Greetings from ICICI Bank Canada!

Established in December 2003, ICICI Bank Canada is a full-service direct bank with an asset base of about C$6.7 billion as at December 31, 2018. We offer a wide range of financial solutions to cater to personal, commercial, corporate, investment, treasury and trade requirements. We are a member of the Canada Deposit Insurance Corporation. Our head office is located at the Don Valley Business Park in Toronto, Ontario. We currently have eight branches in Canada: six in the GTA, Ontario; one in Delta, British Columbia; and one in Calgary, Alberta.

We are a wholly-owned subsidiary of ICICI Bank Limited, which is headquartered in Mumbai, India. ICICI Bank Limited (NYSE: IBN) is a leading private sector bank in India. The Bank’s consolidated total assets stood at US$168.8 billion as at December 31, 2018.

Our products and services can help the ICCC and its members to achieve their financial goals with high quality customer service, at competitive prices. We look forward to serving your banking needs.

Products and Services

Corporate and Commercial Banking Services	Personal Banking ServiceXXXXXXXXXXXXX
Working Capital & Term Loans Small Business Loans & Franchise Financing High Yield GICs & Business Savings Accounts FX & Treasury Products Commercial Mortgages & Real Estate Financing Customized Trade Finance Solutions (specializing in Indian subcontinent)	Chequing & Savings Accounts, GICs International Money Transfers Residential Mortgages Credit Cards Student GIC Program RESP, RSP & TFSA Safety Deposit Boxes (for account holders)

All members of the ICCC who open an account with ICICI Bank Canada
will enjoy a host of benefits including

• NRI: NRI Referral Services.
• Money Transfers to India: No fees. Plus, get an extra 40 paise on top of our posted exchange rates.
• Credit Cards: Waiver of annual fee for the first year on our Rubyx credit card and earn cash back rewards of 2% on selected category (e.g. gas & grocery, entertainment etc.)
• Guaranteed Investment Certificates (GICs): Earn an extra 0.10% in addition to our posted interest rate for both Registered and Non-Registered GICs (including Non-redeemable and RSP/Tax-Free GICs).
• Mortgages: Enjoy our preferential interest rates.
• Safety Deposit Boxes: No annual fee for the first year.

For further information about our products and services, please feel free to contact:

• Corporate and Commercial Banking Services
  Vipin Gupta
  Phone: 416-797-8942
  Email: vipin.gupta@icicibank.com
  

• Personal Banking Service
  Kishore Kumar
  Phone: 416-873-8964
  Email: kishore.thazhathe@icicibank.com

Download brochure: ICICI Bank Canada

ICICI Bank Canada products and services are subject to terms and conditions which can be found at icicibank.ca/legal or at any ICICI Bank Canada branch. The ICICI Bank name and logo are trademarks of ICICI Bank Limited and used under license. ICICI Bank Canada |150 Ferrand Drive, Suite 1200 Toronto, ON M3C 3E5 Canada|Website: icicibank.ca

The offers contained herein cannot be combined with any other offer and are not transferrable. The offers maybe withdrawn or changed without prior notice at any time. ICICI Bank Canada may, at its sole discretion disqualify, limit or revoke the offers if it suspects misuse, suspicious or fraudulent activity. For safety deposit box, annual fee will be waived for small or medium size box and will be allocated subject to availability in the branch. Money Transfers, investments, mortgages, credit cards, and any associated services and cashback rewards are subject to terms and conditions which can be found at icicibank.ca/legal or at any ICICI Bank Canada branch. The ICICI Bank, Rubyx names and logos are trademark of ICICI Bank Limited and used under license.

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Program & Events

Indo Canada Chamber of Commerce invites you to register for a welcome reception in honor of Apoorva Srivastava, Consul General, Consulate General of India in Toronto. Ms. Srivastava joined as the new Consul General of India in Toronto in August 2019. Since she took charge, she has been actively working with the Indo-Canada Chamber of Commerce in promoting Canada India bilateral relations. Her hands-on approach to promoting Canada – India bilateral relations was evident in her involvement during the visit of trade delegations led by Federation of Indian Export Organisations (FIEO), Indian Trade Promotion Organisation (ITPO) and Globalsoft 2020, where she instrumental in encouraging Canadian and Indian small businesses forge trade linkages.  Ms. Srivastava is a career diplomat, having joined the Indian Foreign Service in 2001. Prior to being appointed at India’s Consul General in Toronto, she worked with the Minister of External Affairs (January 2017 – August 2019). In her nearly two-decades-long diplomatic career, she has served twice in the Indian Embassy in Paris (August 2003 – October 2006 & August 2012 – July 2015), and in the Indian Embassy in Kathmandu (June 2009 – August 2012). In the headquarters, she has served as Under Secretary (SAARC) and as Director (Administration). Program: Date: Monday 28 October 2019  Time: 6:00 pm to 8:00 pm Venue: Roof Garden, 12th Floor, Holiday Inn Hotel Address: 970 Dixon Road Toronto, Ontario Canada M9W 1J9  Registration:Members only: $25

Please register here

Sadhguru: Inner Engineering

 

Sadhguru, a yogi, visionary and foremost authority on yoga, is in Toronto on 10 and 11 November offering Inner Engineering program. Please click below to learn more about the program & how it can enhance your mind, body and energies

to explore your full potential.

https://www.innerengineering.com/completion-with-sadhguru/toronto