Abb Takk News

India Inc To Invest $1 bln In Canada: Trudeau

New Delhi (February 21, 2018): Canadian Prime Minister Justin Trudeau on Tuesday said corporate India has committed $1 billion worth of investments in his country, which will create over 5,000 jobs.

Trudeau made the announcement after meetings with industry leaders including Tata Group chairman N Chandrasekaran, Birla Group chairman Kumar Mangalam Birla, Mahindra group chief Anand Mahindra, Salil Parikh of Infosys and Cyrus Mistry of the Pallonjee Mistry group, among others.“There are tremendous connections between Canada and India, whether it is natural resources or tech sector like IT, creativity, pharmaceutical…there are huge compatibilities and complementarities between our nations. So much so that coming out of meetings this morning and a few other meetings we have had, we are able to announce today over 5,000 new jobs in Canada and over $ 1 billion of (Indian) investment in Canada,” Trudeau said at the Canada-India Business Forum here.

“We also spoke about Canadian companies investing in India, whether it is pension funds or others,” he said.

 “It has really been a win-win morning,” Trudeau remarked but did not name the prospective Indian investors.The Canadian prime minister, who is on a week-long India visit, also spoke about the “extraordinary diversity” of this country and said “this pluralism comes with its own challenges but are immensely beneficial”.

  “To be able to listen to different points of view, learn from them and draw on them. To feel that ‘yes we are challenged, but not threatened by them’, I think is a sign of maturity in a community,” he added.

Talking at length about the need for empowering women in all walks of life, he said that India has only 26 per cent women participation in the world of business, saying this was one of the lowest globally.

 “Business leaders should take the time to listen to women and empower them, because empowering women leads to good business and helps the community,” Trudeau said.

Related News:

Justin Trudeau Visits Gujarat

Justice Trudeau Joins Malala in Panel Discussion on Education