Says resolving the strained ties will take time, however each nations ought to work collectively in commerce and turn into affluent

While the diplomatic stand-off between India and Canada continues, Jennifer Daubeny, minister business, High Commission of Canada, New Delhi, stated each nations ought to work collectively and make one another affluent.

Speaking on the ninth version of TiECON 2024 on Saturday, she addressed the “elephant in the room” whereas introducing herself. She stated there was nonetheless pressure between Canada and India, and resolving these points will take a while. However, she was inspired by the imaginative and prescient of enterprise leaders current at TiECON, and hoped that the enterprise relations between India and Canada will develop additional.

“There is no shortage of opportunity between the two countries,” she stated, including that the Canada-India business relationship was valued between 130 billion Canadian {dollars}. She stated Canada’s largest pension funds and fairness corporations had been investing cash in India, and the Canadian capital was serving to construct a brand new India.

She added that quite a few Indian firms had additionally established themselves in Canada and had been benefiting from Canada’s free commerce settlement with 56 nations, which shaped round 60% of the worldwide GDP. She additionally stated it’s a testomony to Canada being top-of-the-line locations on this planet for high quality of life.

“It’s a positive bilateral trade story between the two. We can help make each other more prosperous,” she added, stating this was why Canada’s commerce commissioner service had arrange eight places of work throughout India. “We are here and looking forward to engaging with India,” she concluded.

Last 12 months, in September, India had indefinitely suspended visa providers for Canadian nationals following a diplomatic spat with Canada, triggered by Prime Minister Justin Trudeau’s declare of a possible hyperlink between Indian authorities brokers and the killing of Khalistani chief Hardeep Singh Nijjar.

In October, India resumed visa providers in sure classes for Canadian residents, excluding vacationer, employment, scholar, movie, missionary and journalist visas. These had been later resumed for all classes of visas in November. Around 1,000 college students from the tricity go to Canada yearly for his or her increased research.