News
India
Bengal Chamber organises B2B meeting with Indo-Canada Chamber of Commerce
09 Jan 2017, 11:56 am
Kolkata, Jan 9 (NITN): The Bengal Chamber on Friday organized a B2B meeting with the delegation of The Indo-Canada Chamber of Commerce here.
The objective of this trade mission is to strengthen the bilateral Trade relationships between Canada and India.
The delegation members of the Indo-Canada Chamber has intended to visit 7 Indian cities-Mumbai, Kolkata, Hyderabad, Bengaluru, Gandhinagar, Ahmedabad and New Delhi.
After the recent visit of PM Narendra Modi to Canada, the two sides agreed to elevate the bilateral relations to a strategic partnership. India-Canada bilateral relations have seen a transformation in recent years underpinned by shared values of democracy, pluralism, expanding economic engagement, regular high level interactions and long-standing people-to-people ties.
Over the past decade, Canada and India have witnessed a remarkable growth in two-way trade and investment, people-to-people ties and bilateral cooperation.
The two-way trade has increased from C$ 4.2 billion in 2010 to C$6.4 billion in 2014 and again by 29% to C$8.233 billion in 2015. Though India accounts for only 0.7% of Canada's global trade
India and Canada have also established institutionalised mechanisms to promote bilateral economic ties including Ministerial Dialogue on Trade and Investment; Trade Policy Consultations at the level of Additional Secretary, Department of Commerce; and the Economic and Financial Sector Policy.
The major items of India exports to Canada include gems, jewellery and precious stones, pharmaceutical products, readymade garments, textiles, organic chemicals, light engineering goods, iron & steel articles, etc. India's import from Canada include pulses, newsprint, wood pulp, asbestos, potash, iron scrap, copper, minerals and industrial chemicals.
In the recent years the Indian companies have invested in the IT, software, steel and natural resources sectors. Substantial operations in Canada include Aditya Birla Group, Essar Steel, Tata Consultancy Services, Tata Steel Minerals Canada, Tech Mahindra, WIPRO, Infosys Technology, Jubilant Life Sciences, Abellon Energy Inc, IFFCO and Gujarat State Fertilizers and Chemicals Limited (GSFC).Two Banks, State Bank of India and ICICI, have seven and nine branches respectively in Canada.
After the recent visit of PM Narendra Modi to Canada, the two sides agreed to elevate the bilateral relations to a strategic partnership. India-Canada bilateral relations have seen a transformation in recent years underpinned by shared values of democracy, pluralism, expanding economic engagement, regular high level interactions and long-standing people-to-people ties.
Over the past decade, Canada and India have witnessed a remarkable growth in two-way trade and investment, people-to-people ties and bilateral cooperation.
The two-way trade has increased from C$ 4.2 billion in 2010 to C$6.4 billion in 2014 and again by 29% to C$8.233 billion in 2015. Though India accounts for only 0.7% of Canada's global trade
India and Canada have also established institutionalised mechanisms to promote bilateral economic ties including Ministerial Dialogue on Trade and Investment; Trade Policy Consultations at the level of Additional Secretary, Department of Commerce; and the Economic and Financial Sector Policy.
The major items of India exports to Canada include gems, jewellery and precious stones, pharmaceutical products, readymade garments, textiles, organic chemicals, light engineering goods, iron & steel articles, etc. India's import from Canada include pulses, newsprint, wood pulp, asbestos, potash, iron scrap, copper, minerals and industrial chemicals.
In the recent years the Indian companies have invested in the IT, software, steel and natural resources sectors. Substantial operations in Canada include Aditya Birla Group, Essar Steel, Tata Consultancy Services, Tata Steel Minerals Canada, Tech Mahindra, WIPRO, Infosys Technology, Jubilant Life Sciences, Abellon Energy Inc, IFFCO and Gujarat State Fertilizers and Chemicals Limited (GSFC).Two Banks, State Bank of India and ICICI, have seven and nine branches respectively in Canada.
More News
- Viacom18 to be official broadcaster of Bengal Pro T20 League
- Sourav Ganguly, Jhulan Goswami unveil Champions Trophy of Bengal Pro T20 League
- Lux Industries & Shyam Steel, Pritam Industries & Jalan Builders get rights for final two franchises in Bengal Pro T20 League
- Sobisco and Gee DeeMining awarded franchise rights in Bengal Pro T20 League
- Inaugural edition of Bengal Pro T20 to start from June 11
- Vattikuti Foundation announces KS International Innovation Awards for Robotic Surgery
- Vattikuti Foundation announces Brady-Vattikuti Robotic Academy hands-on masterclass in Urology
- Rashmi Group and Rice Adamas Group get franchise rights in Bengal Pro T20 League
- Shrachi Group, Servotech bag franchise rights in Bengal Pro T20 League
- Bengal Pro T20 League unveils its official logo
Over 300 flights cancelled ...
Tokyo: Airlines were forced to cancel over 300 flights following the collision between a Japan Coast Guard aircraft and a Japan Airlines passenger plane at Tokyo's Haneda Airport on Tuesday evening even as reports said the plane was cleared to land ahead of the tragedy.
New discount membership clu ...
New Delhi/NITN: Regular flyers on Jazeera Airways, Kuwait’s low-cost carrier, can now avail a host of discounts and benefits by enrolling for the new membership club introduced by the airline, recently.
Air India deploys newly ind ...
Gurugram: Air India, a global airline in India, has initiated the deployment of its recently acquired Boeing 777 aircraft to serve all three non-stop routes from Mumbai to the United States.