After the prime minister of Canada, Justin Trudeau disbursing his third day in India and summiting the country’s most predominant and prestigious business tycoons and assembling deals that will open more than 5,800 new jobs in Canada. More than $250 million will be subsidized by the Indian companies in Canada from pulp mills to pharmaceutical s and the IT sectors.
In front of 550 Indian business people and Chanda Kocchar , CEO of the industrial credit and the investment Corp Trudeau said that he is very elevated with the new friendship of India and Canada, because this is going to open up many opportunities for both the countries.
This friendship is introducing a two trade number, with one quarter coming from India to Canada and the rest going from Canada to India.
Toronto’s Brookfield Asset Management is spending $480 million to buy a 1.25 million square foot office complex in India. This is half of the $750 million of Canada’s investment for India. Fairfax India Holdings Crop of Canada is also paying $200 million. This is holding 51 percent stake in the Catholic Syrian bank in Kerala, India.
Number of economic opportunities has been initiated by the government of Indian prime minister Narendra Modi that have ornamented the economic growth and international investment opportunities in last few years. It will be expected that both the countries will be one to one in this deal. As India will be also doing her best they expect Canada to do more of the same, stated by Anand Mahindra, chairman of Mahindra group. During the meeting with Trudeau he further added that their group is happy to invest in this because the new business friendship with Canada is very delightful for them. The Birla group has also shown interest in expanding their business origin in Canada , apart from Ontario and New Brunswick.
Image Source: Vipin Kumar / HT Photo