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  • 25 Oct 2019 11:13 AM | Anonymous

    ICCC Newsletter - October 2019 

     President's Message

     

    Pramod Goyal

    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 and India: The next 20 years 

    By Jagat Shah

    There are many articles written and debates conducted on macro aspects and strategy of growing trade & investment between Canada and India. Through this article, I am trying to present the practically do-able brass tacks on how to walk the talk….
    • 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
      Read More: Insight
    ----------

     Affinity Program Announcement

      ICICI Bank's Exclusive Offer for ICCC Members 

    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.

    ----------

    Program & Events

     Upcoming Events 
    Welcome Reception  In the Honour of Consul General


     

    Apoorva Srivastava 

    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

     ----------
  • 24 Oct 2019 11:22 AM | Anonymous

     Recent Events

    Chai with CEO

     17 October

    Priya Dhawan-Chahal  

     

    (l to r) Priyanka Goyal, Premal Brahmbhatt and Priya Dhawan-Chahal 


    For members of ICCC’s YPE Committee it was an absolute pleasure listening to Priya Dhawan-Chahal, District VP, Midtown Toronto speak on her journey in financial services at ICCC-YPE’s Chai with CEO event. Priya is an outstanding leader.

    With extensive experience in customer experience, business development, and strategy, she is determined to take Scotiabank to new heights. Priya has always been passionate about the work that she does. As a program champion for the Scotiabank Women Initiative, she is now helping women take their businesses to the next level through access to capital, support from senior business leaders, and education tailored to their individual needs.

    It’s amazing to see that the program is allocating $3 billion in funding over the first three years to support women-led businesses. At YPE, one of our key objectives is to form a strong community where everyone has an equal chance to showcase their skillsets. It is wonderful to see a strong, successful woman like Priya inspiring other women to achieve their dreams.

    ----------

    Interactive Session

    08 October 

    Vikas Gautam  

     
    ICCC Board Members with Vikas Gautam of ABSLAMC 

    Indo Canada Chamber of Commerce (ICCC) organised an invitation-only interactive session with Mr. Vikas Gautam, Chief Executive Officer, Aditya Birla Sun Life Asset Management Company Ltd. on 8 October 2019.  Mr. Gautam spoke on the Indian economy and emphasised that despite claims of a slowdown, the economy has inherent resilience and is continuing on the high growth trajectory. He praised the visionary leadership of Narendra Modi, stating that under Modi’s rule and direction, India is firmly set to become an economic powerhouse soon.

    Mr. Gautam spearheads the global business at Aditya Birla Sun Life Asset Management Company Ltd (ABSLAMC), the Indian partner of Sun Life Global Investments. Sun Life Global Investments is a subsidiary of Sun Life Financial Inc. 

    The interactive session provided a great opportunity to learn first hand from an industry expert the investing climate in India. It may be recalled that in January 2018, Sun Life Global Investments completed the purchase of Excel Funds Management Inc. and Excel Investment Counsel Inc. 

    ----------

    Vibrant Goa 

    17 to 19 October  

     

    ICCC delegation at Vibrant Goa with Goa Chief Minister 

    Vijay Thomas, Director, International Trade & Information Technology, Indo-Canada Chamber of Commerce, led a delegation of ICCC members to Vibrant Goa Global Expo and Summit 2019 (VG GES 2019). The prime focus of was inclusive development in key areas such as innovation, sustainability, industries, technology, youth and skill development, knowledge sharing and networking. VG GES 2019 was a one of a kind expos – something that has never been witnessed by the people of Goa and its industry. The expo showcased all the developments, newer projects and vision of growth. The knowledge summit at VG GES 2019 was organized concurrently with the Expo with an aim to bridge the gap between Goan industries and other national as well as international players. Moreover, internationally acknowledged and successful ‘Goans’ hailing from over 40 different countries shall be making a memorable visit to their native soil. VG GES 2019 was from 17 to 19 October 2019. ICCC Members including Gurcharan Kandra, Vinod Vyas, Indu Reddy, Kalpesh Joshi, among others were part of the delegation.

     ----------

    GlobalSoft 2020 

    18 October 

      
    ICCC Board Members with Nalin Kohli of Globalsoft 

    Nalin Kohli, Chairperson of Globalsoft gave a presentation on the upcoming Globalsoft 2020 exhibition and that is scheduled to be held in Hyderabad, India in February 2020. He gave insights into the Indian IT sector and the trillion-dollar opportunities in the new and promising areas of Cyber Security, Smart Cities, Health IT, Fintech, Online Education, Analytics, and E-Commerce and other subsectors. Indiasoft is the annual flagship event of the Electronics and Computer Software Export Promotion Council (ESC), supported by the Department of Commerce, Ministry of Commerce and Industry, Government of India. The session provided participants the opportunity to learn about a potential trillion-dollar digital Indian marketplace that Canadian companies can avail of through partnerships with Indian IT companies; distributor and licensing arrangements; value-added reselling; and points of presence. 

    ---------- 

    India Show

     10 to 13 October 

    Rakesh Kumar of ITPO, Pramod Goyal of ICCC, Apoorva Srivastava, Consul General & Deepak Anand, MPP

    For the first time ever, India Trade Promotion Organisation (ITPO), a Government of India Enterprise, with the support of the Consulate General of India in Toronto, brought to Canada, भारत– India Show, at Hall No. 3, The International Centre, Mississauga from 10-13 October 2019. Indo-Canada Chamber of Commerce was the Partner Organisation of the show.

    Speaking at the inauguration of the program, Apoorva Srivastava, the Consul General of India in Toronto, said the organising of such a show was important because it would lead to bigger programs in the future.

    Pramod Goyal, ICCC’s President, said that the From Canada, we can see the steady progress that India is making economically. This is the third multisector trade delegation that has come from India in the last two months. This is an indication of the growing strength and diversity of the Indian economy.

    A shared aspect of these delegations is that the delegates have all been small businesses. Small businesses play an important role in the economies of both Canada and India. Our Chamber, which is a 42-year-old trade promotion organisation, is focused on promoting the interests of Canadian small businesses.

    Over 40-50 exhibitors from India displayed a range of products including handicrafts, giftware, textiles, home furnishings, carpets, gems and jewellery, leather goods, organic foods, spices, tourism and hospitality and several other ethnic goods.

    The exhibition also featured India Fashion Utsav organized by Liza Productions and Management as the official Fashion Partner for ITPO.

    Leading fashion designers from India showcased their latest designs from India. Amongst those who exhibited included renowned designers Charu Parashar and Dinesh Ramsay as well as other well-known local designers from GTA.

    The India Show, with the array of products on display and live fashion and cultural shows, recreated glimpses of India that are not seen in Canada. It also gave an opportunity to the Indian exhibitors to connect and network with visitors for building valuable synergies for enhancing trade between the two countries.

    ----------

     Bereavement  

    Funeral service for Harjit Kalsi

     

    Elgin Mills Funeral Centre
    1591 Elgin Mills Road East Richmond Hill ON L4S 1M9

    Friday October 25th, 2019:
    4:00 pm - 5:30 pm Family viewing
    5:30 pm - 8:00 pm General viewing

    Saturday October 26th, 2019:
    12:30 pm - 1:00 pm Family viewing
    1:00 pm - 3:00 pm General viewing and Prayers

    3:30 pm Cremation:
    After the cremation, please join the family for prayers and langar to be held at
    Gursikh Sabha Canada at 5:00 pm in Hall 3.
    Gursikh Sabha Canada
    905 Middlefield Road, Scarborough ON M1V 4X1


  • 20 Oct 2019 11:41 AM | Anonymous
    Harjit Kalsi 
     
    15 April 1953 - 18 October 2019 
     
     

    Harjit Singh Kalsi, former Vice President and Director of Indo-Canada Chamber of Commerce, passed away away on 18 October following a complicated surgery at Toronto General Hospital.

    Mr. Kalsi was actively involved with the Chamber for over two decades and volunteered for various activities. From 2003 to 2013 he held official positions in the Chamber, serving as the Chair of the Trade Committee, spearheading the trade initiative in the Canada-India trade corridor. As Vice President and Director, Mr. Kalsi led the Chamber in Finance, Administration, and Programs and Events.

    Harjit, in his 66th year, was beloved husband of Kiran and adoring father of sons Baljit, Jaspal and Ajit. Harjit is survived by his sister Rosie. Much admired and respected by the Indo-Canadian community, Harjit will be deeply missed by nieces, nephews, extended family and friends. 

    “Harjit was always active and believed in upholding the sanctity of the organisation,” said Pramod Goyal, President, Indo-Canada Chamber of Commerce. “His untimely passing is tragic. On behalf of the Chamber, I offer sincere and heartfelt condolences to the family.”

    Harjit was a talented, kind, and gentle human being, with a sense of humour, quick wit, and zest for life.  For him his family was his strength; he believed in celebrating good times together and supporting one another with love.

    Harjit’s brother-in-law, Surjit Babra, is a member of the ICCC’s Advisory Board. The family has announced that the details of his viewing and funeral will be shared shortly as it awaits harjit's family members to arrive from around the world.

       


  • 18 Oct 2019 11:33 AM | Anonymous

    GlobalSoft 2020 

    18 October 

      
    ICCC Board Members with Nalin Kohli of Globalsoft 

    Nalin Kohli, Chairperson of Globalsoft gave a presentation on the upcoming Globalsoft 2020 exhibition and that is scheduled to be held in Hyderabad, India in February 2020. He gave insights into the Indian IT sector and the trillion-dollar opportunities in the new and promising areas of Cyber Security, Smart Cities, Health IT, Fintech, Online Education, Analytics, and E-Commerce and other subsectors. Indiasoft is the annual flagship event of the Electronics and Computer Software Export Promotion Council (ESC), supported by the Department of Commerce, Ministry of Commerce and Industry, Government of India. The session provided participants the opportunity to learn about a potential trillion-dollar digital Indian marketplace that Canadian companies can avail of through partnerships with Indian IT companies; distributor and licensing arrangements; value-added reselling; and points of presence. 


  • 17 Oct 2019 6:00 PM | Anonymous

    Chai with CEO

     17 October

    Priya Dhawan-Chahal  

     

    (l to r) Priyanka Goyal, Premal Brahmbhatt and Priya Dhawan-Chahal 


    For members of ICCC’s YPE Committee it was an absolute pleasure listening to Priya Dhawan-Chahal, District VP, Midtown Toronto speak on her journey in financial services at ICCC-YPE’s Chai with CEO event. Priya is an outstanding leader.

    With extensive experience in customer experience, business development, and strategy, she is determined to take Scotiabank to new heights. Priya has always been passionate about the work that she does. As a program champion for the Scotiabank Women Initiative, she is now helping women take their businesses to the next level through access to capital, support from senior business leaders, and education tailored to their individual needs.

    It’s amazing to see that the program is allocating $3 billion in funding over the first three years to support women-led businesses. At YPE, one of our key objectives is to form a strong community where everyone has an equal chance to showcase their skillsets. It is wonderful to see a strong, successful woman like Priya inspiring other women to achieve their dreams.


  • 17 Oct 2019 9:00 AM | Anonymous

    Vibrant Goa 

    17 to 19 October  

     

    ICCC delegation at Vibrant Goa with Goa Chief Minister 

    Vijay Thomas, Director, International Trade & Information Technology, Indo-Canada Chamber of Commerce, led a delegation of ICCC members to Vibrant Goa Global Expo and Summit 2019 (VG GES 2019). The prime focus of was inclusive development in key areas such as innovation, sustainability, industries, technology, youth and skill development, knowledge sharing and networking. VG GES 2019 was a one of a kind expos – something that has never been witnessed by the people of Goa and its industry. The expo showcased all the developments, newer projects and vision of growth. The knowledge summit at VG GES 2019 was organized concurrently with the Expo with an aim to bridge the gap between Goan industries and other national as well as international players. Moreover, internationally acknowledged and successful ‘Goans’ hailing from over 40 different countries shall be making a memorable visit to their native soil. VG GES 2019 was from 17 to 19 October 2019. ICCC Members including Gurcharan Kandra, Vinod Vyas, Indu Reddy, Kalpesh Joshi, among others were part of the delegation.


  • 10 Oct 2019 9:00 AM | Anonymous

     10 to 13 October 

    Rakesh Kumar of ITPO, Pramod Goyal of ICCC, Apoorva Srivastava, Consul General & Deepak Anand, MPP

    For the first time ever, India Trade Promotion Organisation (ITPO), a Government of India Enterprise, with the support of the Consulate General of India in Toronto, brought to Canada, भारत– India Show, at Hall No. 3, The International Centre, Mississauga from 10-13 October 2019. Indo-Canada Chamber of Commerce was the Partner Organisation of the show.

    Speaking at the inauguration of the program, Apoorva Srivastava, the Consul General of India in Toronto, said the organising of such a show was important because it would lead to bigger programs in the future.

    Pramod Goyal, ICCC’s President, said that the From Canada, we can see the steady progress that India is making economically. This is the third multisector trade delegation that has come from India in the last two months. This is an indication of the growing strength and diversity of the Indian economy.

    A shared aspect of these delegations is that the delegates have all been small businesses. Small businesses play an important role in the economies of both Canada and India. Our Chamber, which is a 42-year-old trade promotion organisation, is focused on promoting the interests of Canadian small businesses.

    Over 40-50 exhibitors from India displayed a range of products including handicrafts, giftware, textiles, home furnishings, carpets, gems and jewellery, leather goods, organic foods, spices, tourism and hospitality and several other ethnic goods.

    The exhibition also featured India Fashion Utsav organized by Liza Productions and Management as the official Fashion Partner for ITPO.

    Leading fashion designers from India showcased their latest designs from India. Amongst those who exhibited included renowned designers Charu Parashar and Dinesh Ramsay as well as other well-known local designers from GTA.

    The India Show, with the array of products on display and live fashion and cultural shows, recreated glimpses of India that are not seen in Canada. It also gave an opportunity to the Indian exhibitors to connect and network with visitors for building valuable synergies for enhancing trade between the two countries.


  • 08 Oct 2019 6:00 PM | Anonymous

    Interactive Session

    08 October 

    Vikas Gautam  

     
    ICCC Board Members with Vikas Gautam of ABSLAMC 

    Indo Canada Chamber of Commerce (ICCC) organised an invitation-only interactive session with Mr. Vikas Gautam, Chief Executive Officer, Aditya Birla Sun Life Asset Management Company Ltd. on 8 October 2019.  Mr. Gautam spoke on the Indian economy and emphasised that despite claims of a slowdown, the economy has inherent resilience and is continuing on the high growth trajectory. He praised the visionary leadership of Narendra Modi, stating that under Modi’s rule and direction, India is firmly set to become an economic powerhouse soon.

    Mr. Gautam spearheads the global business at Aditya Birla Sun Life Asset Management Company Ltd (ABSLAMC), the Indian partner of Sun Life Global Investments. Sun Life Global Investments is a subsidiary of Sun Life Financial Inc. 

    The interactive session provided a great opportunity to learn first hand from an industry expert the investing climate in India. It may be recalled that in January 2018, Sun Life Global Investments completed the purchase of Excel Funds Management Inc. and Excel Investment Counsel Inc. 


  • 30 Sep 2019 2:50 PM | Anonymous
    Meet Your New Board   
     
     
     Pramod Goyal
     President


           
    Tauseef   Surinder  Sanjay  Vijay  Arvind  Devika 

    Mr. Pramod Goyal and Mr. Tauseef Sheikh were re-elected on the board for another term. Additionally four new directors who have been elected to the board for the first time are Mr. Arvind Bhardwaj, Mr. Surinder Sharma, Mr. Vijay Thomas and Mr. Sanjay Kulkarni. Ms. Devika Penekelapati, continues to be a director, as she is currently in the middle of her two-year term.

    The AGM was attended by nearly 80 members, a majority of whom participated in a lively discussion on all the agenda items including an update on sale of the building by the President, and financials by Mr. Abu Becker & Mr. Sanjay Kulkarni.

    A number of past presidents, vice presidents, and board members participated in the meeting.

    The following agenda was transacted at the AGM:

    • Approval of Minutes of 2018 AGM
    • President's Message & board report
    • Auditor's report for 2018-19
    • Appointment  of Auditor and authorization to the board to fix the auditor's remuneration
    • Declaration of new board of directors, announced earlier to the membership

    Having concluded its agenda and having taken up significant discussions on matters that were brought up by members under any other business, the meeting was formally brought to a close by the chair at 9:30pm.


    Members at AGM 2019


  • 16 Sep 2019 9:00 AM | Anonymous
    Newsletter  September 2019 
     
     President's Message
     
     
    Pramod Goyal 
     

    September brings new beginnings. After an all-too-brief summer, it is time to return to business as we welcome autumn. At the Indo-Canada Chamber of Commerce (ICCC), September is when we hold our annual general meeting and elections to the board of directors.


    Let me begin by welcoming the new Consul General of India in Toronto Mrs. Apoorva Srivastava. She 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 from January 2017 to August 2019.

    I had the privilege of meeting her soon after she took charge and had a fruitful one-on-one discussion on the many ways in which the Consulate General of India in Toronto and the Indo-Canada Chamber of Commerce (ICCC) can work together to enhance bilateral economic relations between Canada and India.

    In the run-up to the Annual General Meeting of the Chamber which is scheduled on 27 September 2019, the board of directors has implemented several decisions to streamline the operations of the Chamber and to align its activities with the twin objectives of fostering bilateral trade between Canada and India and creating business opportunities for Indo-Canadian businesses.

     
    Read more: President's Message 
     
     Insight
     
    Competitiveness: The Art & Science of Innovation & Entrepreneurship
     
     
     By Harold Schroeder
     

    Many studies have revealed a clear link between innovation and business performance, and it has become crucial for firms to continually innovate in order to become or remain competitive.  A global study of CEOs (KPMG, 2016) found that fostering innovation is now a strategic priority that is incorporated into the business strategies of leading companies. Despite this, many entrepreneurs and organizations struggle in their attempts to become successful innovators. They need a way to examine and assess their competitive position, and to develop a future roadmap that includes bold or disruptive innovations.

    This special paper on “The Art and Science of Innovation and Entrepreneurship” takes the form of a question checklist, organized by the themes and sub-themes most closely related to the ability of an organization to be innovative. The paper is intended to help organizations to review their current innovation readiness from an “Art and Science of Transformation” ® perspective and use the outcomes to develop plans and strategies for improving future innovation performance and entrepreneurship.

    The Art and Science of Transformation Approach ®

    An Art and Science of Transformation® approach is important to ensure that an organization has the right skills and expertise in place for successful innovation, and that its culture, systems and processes are properly realigned with the desired innovation goals. In this approach, the “art” relates to the cultural and people-related aspects of transforming an organization for effective innovation, and the “science” to the more formal business methods, tools and processes also involved. In any organizational change initiative, it is essential to achieve the right combination of art and science, and to adopt a holistic approach in order to ensure that any potential barriers to transformation are identified and removed. The questions within each theme of the paper capture various aspects of the “art” and “science” of innovation and entrepreneurship.

    Harold Schroeder is the President of Schroeder and Schroeder Inc., a Toronto-based management consulting and project management firm. 
    Read more: Insight 
     
    Upcoming Events 
     
    Chai with CEO
     
     
     
    Register: Chai with CEO 
     India Show
     

     
     Partner Organisation
     
     
     

    As Partner Organisation, Indo-Canada Chamber of Commerce will be organising B2B meetings between Canadian small businesses and the Indian companies participating in the India Show.

    Please contact ICCC (iccc@iccconline.org) if you wish to get involved with the India Show.

     
    Vibrant Goa Global Expo & Summit - 2019
     
     
     

    Representatives of Indo-Canada Chamber of Commerce will be participating in the Vibrant Goa Global Expo & Summit - 2019.

    Please contact ICCC (iccc@iccconline.org) if you wish to be a part of the delegation. 

     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

     Recent Events
     Business Reception for Suresh Prabhu
     
     
     
    Suresh Prabhu receiving a memento (a replica of the Inukusk landmark) from B.K. Sethi, Director, SME, ICCC.     
    ICCC President Pramod Goyal is also in the photo
     
    (This business reception was exclusively for ICCC's Corporate Members)
     B2B Meetings
     
     
     
     
     

     Small business participants pose for a photograph after B2B meeting 

     
     

     
     Small business participants pose for a photograph after B2B meeting 
     ICCC Small Business Symposium & Expo - 2019
     
     
     
     Read more: Recent events 
     
    Affinity

    About the Newsletter
     


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