Upcoming events

  • No upcoming events

Follow Us

Menu
Log in

Log in

News 

  • 13 May 2017 11:36 PM | Anonymous
    CIBC's Royce Mendes analyzes the economy & predicts
     
     Continued rise of the housing market
     
     
     Royce Mendes of CIBC

    The Indo-Canada Chamber of Commerce (ICCC) in collaboration with the CIBC organised its annual state of the economy talk at the Mississauga Convention Centre last week. Royce Mendes, Senior Economist, CIBC Capital Markets delivered a presentation on the economies and a forecast for the future trends.

    Arun Srivastava, President of ICCC, welcomed the guests and informed them of the upcoming Canada-India Business Symposium that the Chamber is organising in association with the Canadian and Indian governments’ diplomatic corps. Venki Raman of the CIBC spoke briefly about the long established relationship between CIBC and the ICCC, and said it is a relationship that has helped both the entities grow.

    In his brief but pointed presentation, Mendes began by analysing the impact of the Trump administration’s policies on the US economy. He said the US market is not rising and investors seem to have lost faith in the Trump administration’s ability to be a catalyst of change. The talk of 3 to 4 % growth in the US economy is nothing but fake news. The reason for this is that capital is not going to become expensive. The interest rates are going to continue to be low; also the nature of growth is that there is less capital needed and less investment because the US economy is moving away from manufacturing and it will become near impossible for the Trump administration to revive manufacturing in the US.

         
     Raman, Mendes, Srivastava and Shankar  Srivastava with CIBC officials  

    Mendes said global outlook continues to be optimistic especially with India continuing to rise exponentially. Since 2013, the Indian economy has continued to maintain its growth rate and at 7.5% annual growth rate it has created an enviable pace unmatched globally. India will continue to bring labour into urban area.

    Speaking about the Eurozone, Mendes said the Eurozone economies have shown resilience and potential to bounce back which needs to be acknowledged. The growing populism that is sweeping the economies in the Eurozone is because unemployment in the young demographic of 18-26 is endemic and unlikely to change dramatically.

    He added that the economic recovery in the developed world has taken nearly a decade, but the recovery is all set to stay for a considerable time, resulting in the Eurozone stock value rising and the value of the Euro also rising. On the other hand, post-Brexit, the British pound has gone down and the disengagement will adversely affect the economy. However, the measure is irreversible.

    Canada’s economy suffered from the oil shock and the measures undertaken to revive the growth rate haven’t quite worked. The primary reason for the failure of the revival plans has been the approach which is based on a two-economy model, when in reality the model should have been adaptable to multiple economies.

    The growth continues to be fuelled by consumer spending and the housing markets, both of which the economic establishment have tried to rein in. We will experience a 4% growth in the first quarter and get back to near full employment by the end of 2017. Some challenges are likely to be encountered and these include changes in NAFTA, the border tax imposed by the US, changes in environment policies in the US and the changes in the personal income tax in the US.

       
     Srivastava giving welcome remarks  Raman setting the pace

    In the near term, it is unlikely that the Canadian dollar will appreciate to any great degree. The housing market will continue to grow steadily, and the trend in this sector is the growth of the condo housing, a trend that mirrors similar developmental stage in the sector in other cities such as New York and Berlin. The provincial government’s approach to control the galloping housing market by introducing new regulations in the sector as well the changes in the rental control act have largely yielded the desired results. But there is a real shortage of housing in Toronto, so the prices will continue to rise.

    The lecture was followed by an engaging Q&A that lasted for nearly half-an-hour.

    Indo-Canada Chamber of Commerce
    924 The East Mall Toronto ON M9B 6K1
    Tel: 416-224-0090416-224-0090
    Fax: 416-916-0086. 
    E-mail: iccc@iccconline.org 
    Website: www.iccconline.org


  • 13 May 2017 9:52 PM | Anonymous
    ICCC Newsletter  
     
    May 2017  
                                                                  

    Letter from the President
     

    Canada-India Business Symposium


    Canada-India Business Symposium & Business Expo  

    A good day to all of you.

    The Indo-Canada Chamber of Commerce (ICCC) in collaboration with the Canadian High Commission in India, the Consulate General of India in Toronto and the Indo-Canadian Business Chamber (ICBC) is organising a day-long Canada-India Business Symposium (CIBS) and a Business Expo on Friday, June 9, 2017, at the Hyatt Regency in Toronto.

    The business symposium, which is part of the ICCC’s 40th anniversary celebrations, and coincides with Canada 150 and the 70th year of the Indian Independence, aims to give tangible deliverables to economic relations between Canada and India by focusing on sunrise sectors expected to dominate trade in the near future.

    More than a hundred Canadian small businesses are expected to participate in the symposium and the expo, enrolment for which has already commenced. In addition, the ICBC will be leading a delegation of over 60 Indian small businesses to the event.

    The symposium will see participation of prominent Canadian and Indian business leaders, political leaders, government officials, and key influencers, who will, through the five panel discussions, attempt to give a new dimension and a concrete new direction to bilateral economic ties.

    The panel discussions are on subjects relevant to both the Canadian and the Indian economies and include topics such as the ‘Canadian Value Proposition for India’, the ‘New India, a changing business landscape’, ‘Innovation, driving the two-way trade’, ‘Elimination of Fossil Fuel by Renewable / Sustainable Sources of Energy’, and ‘Innovation and Technology’.

     Click here to read the: Letter from President

     Insight
     

    Indo-Canada relations: Opportunity in the waiting

     The Free Press Journal chats with Jordan Revees, the Canadian High Commissioner in Mumbai

    It has been almost 18 months since Jordan Reeves, Consul General of Canada arrived in India. And all this time, the Indian-Canadian bilateral talks have been in new high as well. In 2017 alone, four Canadian Ministers have visited India, Reeves believes this has lot of do with Canada’s increasing appreciation of India as an important trade partner.   Before being appointed as Consul General in Mumbai, he served as senior trade commissioner in Saudi Arabia, with concurrent responsibility for Bahrain, Oman and Yemen. Prior to his role as senior trade commissioner, he was in Ottawa to work as a policy adviser to the assistant deputy minister for international business development and was selected to serve on a team supporting the department’s work on Canada’s Global Markets Action Plan, which was released in 2013. He has a long-standing relationship with Asia where he served for nine years with various countries like Taipei and China. 

    What is the value of trade between India and Canada?

    The present trade between both countries is in the range of USD 8 billion. This is very small but there is huge potential for both countries to see it increase substantially.

    Which are the priority sectors for Canada in India?

    Agricultural products have a huge potential. For Canada, this is one area where the potential is large, both in terms of meeting India’s food security, as well as providing it the nutritional supplements that are usually in short supply.

    In fact, our biggest agricultural exports to India are pulses which accounted for US$1.2 billion. Politically, food security bill is important to India. On the other hand, there is a great scope for Canada here in India due to food security bill. We can offer both technology and farm products. In fact, we could bring in our expertise on the entire food chain, which could increase incomes for farmers, and provide the country with more value-added inputs. It would also reduce the huge wastage of food in the country.

    The new entrant in agri space is Canola oil and we are optimistic that the demand of this product will pick up in India. Agriculture is our priority sector followed by energy sector and innovation.

    There are lot of work done by AGT (This is one of the largest suppliers of value-added pulses, staple foods and food ingredients in the world. The company has been doing good business with India and also have an office based in Mumbai) to develop health properties. These developments will benefit India. There is a lot of opportunity in R&D and we are looking at exploring this enormous opportunity.

                               
    Click here to read the interview: Insight
     

         
     EDC Trade Insights  Export Guide BDC Business Desk 

    Download
    Step-by-Step Guide to Exporting

     
    Click here for more:  Click here to download:  Click here for more: 
     Trade Insights  Trade Commissioners' Service Export Guide Business Desk 


    Business Snippets   Programs & Events   Global Tenders

           
    A brief summary of the most
    significant economic news
    during recent days.




     
    A quick recap of the recent
    ICCC's programs and events





      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


    ICCC app
    Download ICCC phone app and stay connected on the go! 
     

     

    Advertising, Outreach, Social Media

    Information about Indo-Canada Chamber of CommerceXXXXXXXXXXX

    • Membership
    • Advertising
    • New Initiatives
    • Social Media
    • Disclaimer
      To read more, click here: About Newsletter


  • 02 May 2017 11:00 AM | Anonymous

    Advocating for stronger Canada-India ties in Food Processing 

    Roundtable at ICCC with Indian Food Processing delegation led by  
    Jagdish Prasad Meena, Special Secretary, Ministry of Food Processing Industries, Government of India
     
    Indian Food Processing delegation with ICCC team and CG Dinesh Bhatia 

    Indo Canada Chamber of Commerce (ICCC) organised a roundtable with a high-powered Indian delegation on Food Processing Industries at the ICCC office on 03 May 2017. The delegation was led by Mr. Jagdish Prasad Meena, Special Secretary, Ministry of Food Processing Industries, Government of India. Mr. Dinesh Bhatia, Consul General of India in Toronto also participated in the roundtable.

    Mr. Arun Srivastava, President, ICCC, welcomed the delegation and said that the Chamber has been actively engaged in promoting B2B relations between Canadian and Indian entities and government relations in this sector for many years.

    “Canada needs India more than India needs Canada, he said.” This is because India is the largest market for Canadian food grains including pulses and wheat. Canada and India have strong trading ties in agriculture and agri-foods sector. While the relationship encompasses all sectors of the value chain, and includes a wide range of merchandize, including manufactured and processed food, it is dominated by India’s import of food grains (peas and lentils). The bilateral trade in the sector is estimated to be over $600m.

    Amb. Dinesh Bhatia, Consul General of India to Toronto said that the Government of India is actively engaged in taking the commerce and business relations between Canada and India to a new level. Canada is an important country for India and there is a lot of scope for the cooperation among the two countries. He emphasized that the Consul General office in Toronto would always be open to help the businesses to grow.

    Mr. Jagdish Prasad Meena, Special secretary, Ministry of Food Processing Industries, Government of India gave a detailed presentation of food processing sector in India. He said that as the second largest developing economy of the world. India is 6th largest food and grocery market and second largest retail potential in the world. India has 1.25 billion consumers.

    Food processing is a priority sector under ‘Make in India’ campaign started by the present government. India is setting up 42 mega food parks across the country and there is provision of 100% investment in the sector. Dairy, fisheries, fruits and vegetable, meat and poultry are the other sectors where the investment opportunities are available.

    Canada and India can work together in the sector as Canada has developed technologies used in the food processing sector and collaboration in this sector can take the bilateral trade and commerce to a new level. 

     
     Indian delegates and ICCC think tank discussing food processing opportunities


    Indo-Canada Chamber of Commerce
    924 The East Mall Toronto ON M9B 6K1
    Tel: 416-224-0090416-224-0090

    Fax: 416-916-0086. 
    E-mail: iccc@iccconline.org 

    Website: www.iccconline.org


  • 27 Apr 2017 6:30 PM | Anonymous

    Wine tasting event with Indian appetizers!

    The pairing of wine with Indian food from an expert Sommelier!

     
    Ramesh Srinivasan with the ICCC leadership 

    Wine and a combination of assorted cheese and crackers are the de rigueur hors d'oeuvre at most formal and informal meetings in North America; other accompaniments often include carrots, celery. It is inconceivable to pair wine with Indian appetizers.

    The connoisseur of both wine and Indian appetizers would frown upon such a pairing. However, as culinary innovation, especially fusion among Indian and Western cuisine increasingly become a norm, such experimentation is acquiring a new propensity as well as acceptance.

    As part of its mandate to integrate the Indo-Canadian community into the fabric of Canadian mainstream, the Indo-Canada Chamber of Commerce (ICCC) in collaboration with Humber College’s Centre of Culinary Arts & Science organized a presentation by Ramesh Srinivasan at Humber College last week on pairing of Ontario wines and Indian appetizers.

    It may be pertinent to note that wine consumption has grown among Indo-Canadians as compared to the consumption of other alcoholic beverages. Equally pertinently, Indian cuisine has increasingly gained wider acceptance across Canada, and is becoming popular among a cross section of Canadian people from different backgrounds.

    Ramesh Srinivasan, a wine educator who serves as a member of the Liquor Control Board of Ontario (LCBO), is a key wine enthusiast devoted to understanding the intricate nuances of wines, and has an equally keen interest in experimenting paring Indian appetizers with different forms of wine.

       
     Understanding taste and aroma   Appetizers need to meld with wine

    Ramesh is Professor and Program Coordinator at Humber College in Toronto, with cross appointments with the School of Hospitality, Recreation and Tourism and the Business School. He is a passionate hospitality and wine educator and his professional certifications include: Certified Hospitality Educator, Certified Food service Manager, Certified Specialist of Wine, French Wine Scholar, Certified Sherry Educator, Certified WSET Educator, and holds the Wine and Spirit Education (WSET), UK Level 4 Diploma in Wines and Spirits.

    He has worked in management positions in three continents of the world with leading hospitality organizations that include Oberoi Hotels and Resorts, Four Seasons Hotels, the Metro Toronto Convention Centre and the Inter Continental Hotels Group. He served as a director on the Board of the Liquor Control Board of Ontario. In 2014, Ramesh was inducted as a Fellow of the Ontario Hostelry Institute in recognition of his dedication and contribution to the culinary, food service, wine and hospitality industry, and in 2015, he received the Humber College Distinguished Faculty Award.

    He holds the advanced certificate in Wine and Spirits, and has passed the certified specialist of wine program. He is teaching a program on food and wine pairing at Humber Institute of Technology and Advance Learning.

    From the enthusiastic response with which the members of the Chamber participated in the program, it was obvious that the pairing of wines and Indian appetizers was an idea whose time has come. Mr. Ramesh Srinivasan gave detailed information on different wines and delved deep on the importance of pairing of wine and food.

    Mr. Arun Srivastava, President, ICCC, thanked the Humber College for collaborating for this event with the chamber. The wine was sponsored by Family Wines (FMW) and Constellation Brands whereas the Indian appetizers were sponsored by Warraich Meats.

     
     Popularity of wines is creating a demand for innovation

    The following wines were shown as pairing with the Indian appetizers.

    • Riesling, Loosen Bros ‘Dr. L’, Mosel - Germany and Onion Bhaji deep fried Onion fritters
    • Gewurztraminer, Pierre Sparr Reserve, Alsace France and Panir Tikka Tandoori Homemade cheese
    • Sauvignon Blanc, Kim Crawford, Marlborough, New Zealand and Methi Kebab Veggie kebab with fenugreek flavor
    • Rose, Malivoire ‘Ladbug’, Niagara, Canada and Malai Tikka - Mild creamy chicken Tikka
    • Cabernet Sauvignon, Santa Alicia Gran Reserva De Los Andes, Maipo, Chile and Shammi Kebab Shallow fried minced meat (Lamb) patties
     Venue Sponsor Food Sponsor  Wine Sponsor
         


  • 25 Apr 2017 6:00 PM | Anonymous

    Successful Mentoring Event Organized by Indo Canadian Chamber

    Indo-Canada Chamber of Commerce Mentorship committee  organized a special event with guest speaker Shannon Skinner where she presented an interactive session on "How to get your passion into action" in Toronto earlier this week.

    Welcoming the guest speaker Ms. Shannon at the event, Mr. Kanwar Dhanjal, Director, S.M.E. Committee and Mentoring and Newcomer Committee and Mr. Ajay Tandon, Director Tourism said mentoring event is a significant event as it will help newcomers and the mentoring committee to work closely in their early settlement  in the country. Mr. Dhanjal also shared about the upcoming Business symposium being held in Toronto along with Awards and Gala night on June 9-10 2017.

    Ashok Baghwala, Chair of Mentoring and Newcomer committee introduced Shannon skinner to the audience. He also did a power point Presentation, gave detailed information about the role, duties and responsibilities of Mentors and Mentees.

    Shannon Skinner is an Award-Winning Broadcaster, Speaker and Author. Her signature book, The Whispering Heart: Your Inner Guide to Creativity provides how-to guidance to discovering and living your dream.

    Shannon shared her life journey with the audience where she explained about knowing your values as they are the key indicators of your heart's desires and life's purpose. She suggested some ideas such as reading books, watch movies about famous people. Connect with inspiring people in person – hang out with them. Spend time in nature and visit museums and art galleries. 

    Be an Inspiring Person, Live with an Open heart.  Whatever you do, you’ll believe in yourself more.  Live with courage and take Risks. When we see the big picture, we can find more gratitude. She suggested some ways like Meditation, writing in journals, listening, and following your heart, no matter what.

    She explained the audience in her presentation how she had to face challenges while growing up even though her family was involved in the Media industry for long time. She took the courage to go all out to pursue her dreams and travelled to different countries all by herself. It needs passion and will-power to put your dreams into action.  She shared how travelling to different parts of the world especially India  had given her the exposure to write her travel blogs and helped her develop into a creative writer.

    The second speaker at the event was Mokshi Virk.  In her presentation "The Mentoring Effect" she shared her experiences as a Mentor and encouraged the guests to consider Mentoring as a way of giving back to community and help new immigrants in their settling phase. She gave a detailed insight on the skills and qualities of the Mentors and guidelines for mentees while they are working in this relationship.

    In her presentation, Mokshi explained that Mentors assume various roles in their relationships with mentees. These roles overlap and change over time. In successful relationships, the number of roles that a mentor takes on often increases as the relationship develops.  The mentor has to be a positive role model demonstrating exemplary behavior and offering values that will increase chances for success and happiness.

    Kala Narayanan, Co-Chair of the Mentoring Committee gave the Vote of Thanks to both the speakers, Shannon skinner and Mokshi Virk for sharing their views and experiences with the audience and also thanked the audience for their support of these events organized by Indo Canadian chamber of commerce.

    The event witnessed participation by several significant members of the Indo-Canadian community, including several past and new directors and members of the chamber.


  • 25 Apr 2017 6:00 PM | Anonymous
    Welcoming a technocrat 
     
     ICCC and Consulate General of India in Toronto 
    felicitate Tech Mahindra MD & CEO CP Gurnani
     
     Dr. CP Gurnani being presented with a felicitation plaque by ICCC President Arun Srivastava 
    and Dinesh Bhatia, the Consul General. Harshvendra Soin, 
    Tech Mahindra's Canada head is to Mr. Srivastava's right 

    Indo-Canada Chamber of Commerce in collaboration with the Consulate General of Toronto organised a felicitation program for Dr. CP Gurnani, the Managing Director and CEO of Tech Mahindra, one India’s leading information technology companies in Toronto earlier this week.

    Dr. Gurnani is a much-honoured and felicitated tech guru who has transformed Tech Mahindra into a giant and guided its emergence as one of the top five Indian digital IT solution providers with an enviable track record and an ever-expanding global footprint.

    Dr. Gurnani has acquired a formidable reputation in the rarified top echelons of the corporate world because of his unique and superlative achievements, the biggest of them all being the overall transformation of Tech Mahindra following the acquisition and merger of Satyam

    Tech Mahindra’s turnaround under him is known amongst his peers, is reputed to be one of the biggest in the Indian corporate history; a feat that became possible because of his inimitable style of leadership that focuses on customer experience

    Welcoming Dr. Gurnani, Arun Srivastava, President, ICCC, said that it is an important and significant event that a company such as Tech Mahindra has decided to enter the Canadian market. It is a sign of the growing bilateral economic relations between Canada and India, and the growing confidence that Indian enterprises have in Canadian business environment. He also provided a brief introduction of the ICCC and of the landmark Canada-India Business Symposium that is being planned on June 9.

    Ambassador Dinesh Bhatia, Consul General of India in Toronto, in his remarks shared his reminiscences of having known Dr. Gurnani during the earlier part of their careers when they were both engineers.  He reiterated that the interest among private sector in both countries for the economic collaboration has steadily grown and is reaching a peak. It is a matter of time when the two-way trade between Canada and India will cross its current self-imposed confines and break free to rise steadily.

    Thanking both the ICCC and the Consulate General of India in Toronto, Dr. Gurnani said he was honoured by the warm welcome he had been accorded. He said that it is a significant sign that both the ICCC and the Consulate General have been increasingly collaborating on a business agenda promoting bilateral relations.

    The reception witnessed participation by several significant members of the Indo-Canadian community, including members and stakeholders of the Chamber, and several past presidents and board members.

       
     Media interaction  With Bal Gosal

     
     All the VIP guests 


  • 20 Apr 2017 6:00 PM | Anonymous

    ICCC@40

    ICCC President's

    From Left to Right (Standing): Sanjay Makkar, Naval Bajaj, Satish Thakkar, Arun Srivastava, Ajit Khanna, Ravi Seethapathy, Rakesh Goenka, Ajit Someshwar

    From Left to Right (Sitting): DP Jain, Kris Krishnan, Asha Luthra, Ramesh Chotai, Sat P Chopra, Pradeep Sood, Raj Kothari

    Indo-Canada Chamber of Commerce (ICCC) is an organisation that has come to symbolise the aspirations of the Indo-Canadians and has been a witness to history to the rise of the community in the Canadian mainstream, helping it to contribute to the fabric of the Canadian society by creating avenues and opportunities.

    The organisation’s character has changed gradually, transforming from a community platform which brought together and bonded Indo-Canadians from different regions of India, speaking different languages, to one that boosted the entrepreneurial proclivities amongst the community, nudging, urging the community to look for independent avenues to utilise their talent, acumen, and qualifications.

    A group of individuals met in early 1977 to discuss the launch of an organisation that would represent the Indo-Canadians. On March 12, 1977, the Indo-Canada Chamber of Commerce was formed, with Kishore Doshi becoming the first President. A small step for the Indo-Canadian community had been taken. It would prove – over the years – to be a giant leap.

    The initial years were fraught with problems that seem almost insurmountable, and there were talks of winding down the organisation, but the persistence and the dogged determination of the business and professional community ensured that the organisation not only survived, it began to grow and flourish.

    And lo and behold, in March 2017, it celebrated its fortieth anniversary, and last week on April 19, the organisation celebrated that milestone with a heartwarming and emotional get together that witnessed an unprecedented participation of 14 past Presidents, the incumbent President, several former members of the Advisory board, board of directors, sponsors and stakeholders.

    The program was unprecedented because never before in the Chamber’s history had so many Presidents come together and shared their experiences of leading the organisation to its glory. Fittingly, the program was held at the ICCC still new office in Toronto.

    Arun Srivastava, the incumbent President, kicked off the evening emphasizing “it’s a loosey-goosey evening to share memories.” All the past Presidents gathered together to cut a 40th anniversary cake, and then everyone was given an opportunity to share their views on recalling their contributions to making of the Chamber.

     


     The first decade

    Ramesh Chotai (1982), a preeminent member of the Indo-Canadian community and the President of Bromed Pharmaceuticals, spoke first and informed the audience how an accident of circumstance had made him the President of the Chamber for a brief period. Bakul Joshi, the then incumbent President, was suddenly transferred to California, and Chotai had to take charge of the Chamber. He said when he left the Presidency, the Chamber’s bank account had $87 and some change, of which $50 he had personally contributed. Chotai has, of course, served the Chamber in the capacity of an Advisory Board member on a couple of occasions, and has continued to stay connected with the Chamber for the last four decades. 

     

     
    The second decade

    Sat Chopra (1987-89) took charge of the Chamber at the end of its first decade, at a time when there were serious talks of winding up the Chamber because of a lack of involvement from the community. However, Chopra recalled, he along with others such as Rasik Morzaria, his predecessor, decided to go on a membership drive and enrol young members. This averted the crisis and the Chamber successfully entered its second decade – a decade that would prove to be momentous.

     

    Ajit Someshwar (1991-93), the flamboyant entrepreneur of today, was a young assistant manager at the CIBC when he took over as the President of the Chamber, becoming a life member by paying $135 ($200 life membership minus $65 annual membership). But it was under his leadership that the Chamber got the first experience of corporatization. 

    He got RBC Royal Bank as the Chamber’s first corporate sponsor for $5,000. The RBC Royal Bank remained a sponsor for over the next two decades, leaving the Chamber for a brief hiatus and returning recently. During the entire period, Imtiaz Seyid, a member of the Chamber since 1993, has been active with the Chamber’s membership portfolio and now is the head of its audit committee. 

    Someshwar also started the annual awards and gala night by honouring Indo-Canadians in different domains for their contributions to the Canadian society. He constituted an Advisory board for this purpose to ensure that the selection of the award winners would be objective. This year the Chamber will be celebrating the 25th anniversary of the Annual Awards and Gala Night, and during this period the ICCC awards have become a symbol of recognition for the Indo-Canadian community.

     

     
    The third decade

    Raj Kothari (1996-98), took over the Chamber’s mantle after Hari Panday, and was part of the group of young leaders who straddled the 1990s of the Chamber and took it to the next level invigorating the organisation with fresh ideas, infusion of new members, laying the foundations of governance by updating the bylaws, getting corporate sponsorship, and for the first time involving the Canadian federal and provincial leadership into the Chamber’s programming. Kothari emphasized that his background in finance helped ensure that the organisational finances were streamlined. Kothari’s Presidential tenure coincided with the 50th anniversary of the Indian independence in 1997.

    Under his stewardship, the Chamber, for the first time, got recognition by the Indian government, when it was asked to organise a program for Inder Kumar Gujral, the Prime Minister of India. Kothari also accompanied the then Governor General of Canada to a trip to India and Pakistan

     

    Ravi Seethapathy (1998-2000) recalled that he had joined as a volunteer member of the board and then got elevated to the position of the President gradually. He recalled how he had along with his board members spent hours to focus on organisational work. The Chamber had grown steadily and after Hari Panday had got a Yonge Street address for the Chamber, the time had come to move into a bigger office at Yonge and Sheppard.  Seethapathy and his team had to skillfully navigate negative fallout of the Pokhran II nuclear testing, and steer the Chamber into a neutral territory to remain relevant to the Canadian establishment.

    Rakesh Goenka (2000-2001) succeeded Seethapathy, and continued to work to make the Chamber grow and consolidate. He recalled of the personal dedication that he and his team put in to maintain the Chamber’s hard won growth trajectory that included utilising personal resources to ensure that the Chamber continued to grow. An experience that he had which was common to many of his predecessors was of licking stamps and posting envelopes to members during the annual gala. Goenka also introduced digitization of financial records of the Chamber.

     

     
    PBD India

    Kris Krishnan (2001-2003) was the Chamber’s President when the Chamber celebrated its 25th anniversary at the Granite Club, an elitist club. He was the President when the Chamber led the first delegation to the Pravasi Bharatiya Divas organised in 2003 for the first time by the Government of India. There was some debate whether the Chamber should participate in the convention of the Indian diaspora, but Krishnan insisted and went to New Delhi. It’s become an unbroken tradition for the Chamber since then.

     

    Pradeep Sood (2003-2005) remembered that it was since his tenure that the Chamber began to consciously refer to itself as a business organisation and move away from the community organisation character. He spoke of the increasing recognition that the Chamber had begun to get from the Canadian establishment. He recalled that he was the first President to get a Caucasian person to be a member of the Advisory Board.

     

    Ajit Khanna (2005-2007) With the Chamber nearing completion of three decades, Ajit Khanna was a self-proclaimed reluctant President who became the harbinger of change, a role that he has continued to perform long after he ceased to be the President. Over the last few years, Ajit has been the chair of the Governance committee, putting in place a structure that has ensured good governance in the Chamber’s operations. It was during Ajit’s tenure that the Prime Minister of Canada, Stephen Harper, participated in an ICCC program.

     

     
    The fourth decade

     

    Asha Luthra (2008-2010) was the first woman President of the Chamber, and is known for her tough and no-nonsense approach to managing the Chamber’s affairs. She introduced new sponsors, getting on board all the major banks. She also energised the board with young faces. Along with the then Consul General of India Preeti Saran worked towards getting the PBDCanada2011 off the ground. It was one of the most significant programs organised by the ICCC since its inception. Significant policy pronouncements were made at the convention.

     

    Satish Thakkar (2011-2012) had played a crucial role in the fund raising of the PBDCanada2011 and when he took charge of the Chamber as its President for just a year, he transformed it with an outreach that encompassed all the councils and contributing to the Canada-India file by organising interactions between the chief negotiator of CEPA Don Stephenson and the Chamber’s stakeholders in different parts of Canada. He also transformed the annual delegation to an India Trade Mission, visiting multiple cities, which included a delegation from the city of Markham. It has become a Chamber’s annual tradition. Satish also accepted the Pravasi Bharatiya Samman Award on behalf of the Chamber. The Chamber is the only overseas Indian organisation to have been honoured with this award, which is annually bestowed upon individuals of Indian origin by the Government of India.

     

    Naval Bajaj (2012-2014) Naval Bajaj recounted his achievements including the acquisition of the ICCC’s new building in 2013. He also pointed out that it was during his term that the Chamber became a partner to the Vibrant Gujarat business convention, and the delegation that he led was one of the largest delegations to the convention and included several Canadian federal ministers. Bajaj also rubbed shoulders with the Canadian and Indian prime ministers during a visit to India in 2012.

     

    Dharma Jain (2014-2015) Dharma Jain led the Chamber on an austerity drive by launching a series of cost-saving drives to streamline the Chamber’s costs. Among the measures he undertook was to rationalise manpower at the Chamber and bringing in new sponsors. He claimed to have reversed the resource crunch by ensuring that the Chamber got the support of new sponsors.

     

    Sanjay Makkar (2015 – 2016) Sanjay’s tenure was marked with the most rigorous efforts by a President to usher accountability into the Chamber’s operations. He was instrumental in appointing the audit and governance committees, and with the help of his VP, Finance, Arun Srivastava, he was able to bring about a modicum of accountability in the finances of the Chamber.

     

     

    Dawn of new era

    Arun Srivastava (2016 - ) Arun has continued to build upon the austerity drive of the Chamber and also planned to organise a path breaking Canada-India Business Symposium in June to coincide with the Annual Awards and Gala night.  

    Among the other participants who spoke included Ambassador Kant Bhargava, who was an honorary advisor to the Chamber for 15 years; Imtiaz Seyid, Harjit Kalsi and Pankaj Mehra, Jagdish Bajaj, Anil Shah and Yatendra Shah all former members of the board of directors, and Surjit Babra, a former Advisory Board member.

     

     

     

     

     

     

     

     

     Kant

     Imtiaz

     Pankaj

     Harjit

     Jagdish

    Anil Shah 

     Yatendra

     Surjit

     

     

     

    All the Presidents & current board members


  • 15 Apr 2017 9:00 AM | Anonymous
    ICCC Newsletter  
     
    April 2017  
                                                                  

    Letter from the President
     

    It's time for Prime Minister Justin Trudeau to visit India

    Canada’s Defence Minister Harjit Sajjan is in India on an official visit. The trip is an opportunity to strengthen security and defence relations between Canada and India, as well as in areas of mutual importance such as innovation, culture, and trade. During his visit, Minister Sajjan will meet India's Minister of Finance, Defence and Corporate Affairs Arun Jaitely, and the Minister for Foreign Affairs Sushma Swaraj. Minister Sajjan is the fifth Canadian federal minister to visit India in 2017, and the eighth in the last nine months. There are also indications that Indian federal ministers will be visiting Canada in summer, all this will probably lead up to Prime Minister Justin Trudeau’s visit to India.                                              
                                                  

    It is evident that the Liberal government in Ottawa is focused on a comprehensive overhaul of the bilateral ties with India that will go over and beyond mere optics and focus on substantive issues such as trade and immigration. It may well be that the Trudeau government may herald a new dawn in the bilateral relations between Canada and India by taking the political initiative to sign the much-delayed Comprehensive Economic Partnership Agreement (CEPA) and encourage the Indian political establishment to abandon its recalcitrance on the Foreign Investment Promotion and Protection Agreement  (FIPPA).

    At present, the flow of investments is skewed in favour of Canada, with Indian investments in Canada outpacing Canadian investments in India. This is because FIPPA is gathering dust. India needs to understand and appreciate Canadian sensitivities on the insistence on the signing of the FIPPA. The elimination of this roadblock will ensure that Canadian investments will become more robust.


     Click here to read the: Letter from President

     Insight
     

    India’s envoy to Canada, brain behind Slumdog Millionaire, tackles trade deals

     The Globe and Mail chats with the new Indian High Commissioner
     

    It was easy to spot Vikas Swarup at the Oscars in 2009.

    As the cast and crew of Slumdog Millionaire swarmed the stage to accept the award for best picture, Mr. Swarup, the author of the book on which the movie was based, stood among the crowd of stars and gazed out at the Hollywood theatre, soaking up every second under the bright lights. The audience cheered, his colleagues addressed the camera with thanks, but Mr. Swarup just looked up.

    "If you look at my pictures at the Academy Awards … I am like this," Mr. Swarup said in a recent interview, head tilted upward with a look of awe on his face.

    The path to the Oscars stage is unlikely for any writer, but Mr. Swarup says his journey was more unusual than most. He was a writer by passion – but an ambassador by training. "What is a professional diplomat doing in the Kodak Theatre?"

    And now, he has landed in Ottawa.

    Mr. Swarup, whose passion for writing and distinguished diplomatic career have taken him around the globe and into the senior ranks of the Indian government, is embarking on a new adventure as India's high commissioner to Canada.

    He arrives at a significant time for Canada-India relations, as the two countries attempt to finalize two major trade deals. The former right-hand man to Prime Minister Narendra Modi will communicate India's interests to a federal government that already understands the importance of its relationship with the emerging superpower and identifies India as a priority for Canada's trade agenda.
                               
    Click here to read the interview: Insight
     

         
     EDC Trade Insights  Export Guide BDC Business Desk 

    Download
    Step-by-Step Guide to Exporting

     
    Click here for more:  Click here to download:  Click here for more: 
     Trade Insights  Trade Commissioners' Service Export Guide Business Desk 


    Business Snippets   Programs & Events   Global Tenders

           
    A brief summary of the most
    significant economic news
    during recent days.




     
    A quick recap of the recent
    ICCC's programs and events





      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


    ICCC app
    Download ICCC phone app and stay connected on the go! 
     

     

    Advertising, Outreach, Social Media

    Information about Indo-Canada Chamber of CommerceXXXXXXXXXXX

    • Membership
    • Advertising
    • New Initiatives
    • Social Media
    • Disclaimer
      To read more, click here: About Newsletter


     A big Thank you to all our Sponsors: Click here to meet our 2016-2017 Sponsors:
    ICCC's 2016-17 Partners in Success 


  • 27 Mar 2017 6:30 PM | Anonymous
    Welcome reception in honour of 
     
     H. E. Mr. Vikas Swarup
     
     High Commissioner of India
     
     ICCC members with HE Vikas Swarup and Dinesh Bhatia
     

    In an event that will be remembered equally for its spontaneity and vivre as well as relevance and meaning, the Indo-Canada Chamber of Commerce and the Consulate General of India in Toronto came together yet again to welcome the new High Commissioner of India to Canada His Excellency Vikas Swarup to Toronto Monday March 27.

    A who’s who of the Indo-Canadian community including leading entrepreneurs, professionals, academicians, diplomats, community leaders, and senior corporate leaders were present in strength to welcome the new High Commissioner, who is a globally renowned novelist, in addition, of course, to being a career diplomat with illustrious stints both in India and abroad.

     
     His Excellency Vikas Swarup
     
       
     Dinesh Bhatia, Consul General  Arun Srivastava, ICCC President 
    His Excellency’s erudition encapsulated the past, present and the potentially glorious future of the bilateral relations between Canada and India. Over a million plus Indian Diaspora are the real ambassadors of India who are working hard to brand India in Canada, High Commissioner said amid applause. The High Commissioner applauded the tremendous role that the Indo-Canada Chamber of Commerce (ICCC) has played over the last four decades in nurturing economic relations between Canada and India.

    Indian Prime Minister Narendra Modi’s visit to Canada in 2015 added new depth to relationship which has the potential to develop into one of 21st centuries strongest economic and strategic partnerships. Canada’s rich natural resources and sophisticated technological and educational base gives us great promise to deepen our engagement in all spheres of life. Canada will be a true partner in India’s infrastructure development, food security, energy security, science & technology, higher education and clean energy.

    Mr. Dinesh Bhatia, Consul General of India in Toronto appreciated Chamber for promoting the Canada India bilateral trade and commercial economic relations. He, too, emphasized the role of what he described as FED – Films, Economy and Diaspora in the global branding of India.

    Speaking on the occasion Mr. Arun Srivastava, President, ICCC said that ICCC is celebrating its 40th anniversary this year. The chamber is representing the Indo-Canadian businesses community. Chamber was conferred Pravasi Bharatiya Samman Award in 2012 for its effort to promote Canada India ties. He further said that the signing of Comprehensive Economic Partnership Agreement (CEPA) and Foreign Investment Promotion and Protection Agreement (FIPA) will pave the way for more business to achieve the US $ 15 billion trade target in next couple of years.

    Ms. Devika Penekelapati, Vice President ICCC welcomed the guests and introduced the evening.  


     
     Guests listening to the High Commissioner's speech


  • 23 Mar 2017 6:30 PM | Anonymous
    Canadian & Ontario economies to sustain growth
        
     
    Pierre Cléroux, Vice President, Research and Chief Economist of BDC

    The revival in oil prices has given a boost to the Canadian economy and that upward trajectory is likely to sustain itself for some time, especially in the wake of the clearance given to the Keystone Pipeline project by the new Trump administration in the United States, Pierre Cléroux, Vice President, Research and Chief Economist of BDC, said during his interactive session at the Indo-Canada Chamber of Commerce (ICCC) last week.

    Cléroux shared the latest economic outlook and forecast for Canada and Ontario based on BDC research at a program organized jointly by the ICCC and the BDC. The program 2017 Economic Outlook and Tackling the Productivity Challenge attracted a large number of enthusiastic participants eager to understand not only the economic forecast, but also to understand the various services offered to the small businesses by the BDC.


           
     Pappur Shankar Devika Penekelapati  Abubakkar Noohujohn  Ajay Tondon

    Cléroux said that the economic changes that the Trump administration may usher in the near term will likely have a positive impact on both the Canadian and Ontario economies. He also said that in the near term, the rate of economic growth in the United States is likely to remain on an even keel. The only real issue that could likely have an adverse impact was the overheated housing market in Toronto, but that, too, is likely to taper off by sometime next year.

    Pierre Cléroux was appointed Vice President, Research and Chief Economist at BDC in 2012.

    Cléroux leads a team of experts who analyze economic data to identify business and sector trends impacting Canadian entrepreneurs. A seasoned speaker, he regularly travels across the country to help business owners understand the risks and opportunities presented by the economic environment.  

    Cléroux is also responsible for providing economic analysis and advice to the Bank’s senior management team, and supervises all marketing and industry research activities. Over his 25-year career as an economist, he has held several influential positions that had a direct impact on entrepreneurs in Canada and abroad.

    Devika Penekelapati, Vice President, Programs and Events, ICCC, introduced the speaker and Pappur Shankar, Vice President, Finance and SME, gave welcome remarks. Among the other directors present at the event included Abubakkar Noohujohn,
    Ajay Tandon and Sanjay Brahmbhatt.


     ICCC directors with Pierre Cléroux


Vancouver • Calgary • Winnipeg • Toronto • Ottawa • Montreal • Halifax