Indo-Canada trade on the rise

The Indo-Canada Chamber of Commerce (ICCC) has come together with Confederation of Indian Industry (CII) and India-Canada Business Chamber (ICBC) to strengthen business relations between India and Canada. This comes after India trade mission, which is the largest ever trade delegation of Canadian Small Medium Enterprise (SME) sector companies going to India. For this, the Indo-Canada Chamber of Commerce (ICCC) has joined hands with the Town of Markham to lead the largest ever delegation of Canadian companies to India comprising companies from diverse sectors. Trade represents 60 per cent of the Canadian economy, and recognising the importance of the Indian market in Canada, ICCC started their business mission to India this month.

Present on the occasion was Virbhadra Singh, Minister, MSME, Govt of India and Canadian High Commissioner, Stewart Beck. Satish Thakkar, President-ICCC, said, “The ICCC and Town of Markham are committed to enhance bilateral trade between Canada and India to reach the targeted $ 15 billion per year in the next five years.” At present, two-way trade between the two countries is around $ 5 billion annually.