
Bengal Chamber organises B2B meeting with Indo-Canada Chamber of Commerce
Kolkata, Jan 9 (IBNS): 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.
Top Headlines
-
News
Russia hits Kyiv with drones, missiles, four dead
June 06, 2025
-
News
IPL title victory stampede: RCB marketing chief Nikhil Sosale arrested
June 05, 2025
-
News
US court blocks Trumps global tariffs; dismisses 'India-Pak ceasefire' arguments
May 29, 2025
-
News
India rejects Team Trump's latest claim on tariffs' role behind ceasefire with Pakistan
May 29, 2025
-
News
We sign contracts, knowing they will never come: Air Force chief slams delay in defence deliveries
May 29, 2025
-
News
We sign contracts, knowing they will never come: Air Force chief slams delay in defence deliveries
May 29, 2025
-
News
Days not far when people of PoK will voluntarily reunite with India: Rajnath Singh
May 29, 2025
-
News
Elon Musk expresses 'disappointment' over Trump's 'big, beautiful bill', says it will 'increase budget deficit'
May 28, 2025
-
News
'We eliminated Hamas' Gaza chief Muhammad Sinwar': Israeli PM Benjamin Netanyahu
May 28, 2025
-
News
Terrorism, Pakistan and a united India: Listen to what Bharat's multiparty emissaries are messaging to the world
May 28, 2025