Canada province taps Gujarat for business

Source: Times of India via Indian Economic Business News

The Premier of Manitoba paid a visit to Ahmedabad on February 6th, along with representatives of 26 companies, as part of a trade mission to India. Greg Selinger, the Premier of Manitoba, was in the city as part of a 10-day trade mission to promote the province. The companies, from the sectors of renewable energy, food and beverages, automobiles, construction, agriculture and aerospace, had individual meetings with Gujarat- based companies. The National Innovation Foundation (NIF) made a presentation on inclusive innovation in the new Indian economy. Selinger visited the Tata Nano plant in Sanand and Pandit Deendayal Petroleum University to explore joint research possibilities in education.

Canadian Province of Manitoba expanding business with India, says Premier Selinger

Source: Asia Pacific Business & Technology Report via Indian Economic Business News

Visiting Premier of Canada’s Manitoba Province, Greg Selinger congratulated Manitoban firms for growing their business with India, and welcomed a major Indian firm that has established its Canadian headquarters in provincial capital Winnipeg. “India is one of the world’s fastest growing economies and with our strong cultural and business connections, there’s huge potential for greater trade between our economies,” said Selinger, Manitoba’s 21st premier. “Homegrown companies like Westeel and MTM are thriving and sharing Manitoban expertise with India, helping store their grains and foods, and power their homes and businesses. And Indian firms like Riya Travel are taking advantage of opportunities in Manitoba,” he added. Westeel, a leader in the commercial storage industry, announced it will open an office in Mumbai to share its expertise in agricultural storage to help Indian producers preserve more of their harvest and better protect India’s food supply. Micro Tool and Machine Ltd. (MTM) of Winnipeg and Kirpekar Engineering of Pune announced the creation of a joint venture company, MTM-Kirpekar, to design and manufacture advanced transformer production equipment for the Indian market. Riya Travel, one of India’s largest travel companies, also announced the official opening of its Canadian headquarters in Winnipeg to grow its Canadian operations.

Inflation likely to ease to 6.5% by March-end: PMEAC

Source: Press Trust of India via Indian Economic Business News

Prime Minister’s key economic advisor C Rangarajan hoped that inflation will come down to 6.5% by end-March and suggested that steps should be taken to release more food stocks to ease price pressure. The wholesale price index-based (WPI) inflation eased to 6.62% in January, from 7.18% in December, 2012, as per official data. “The decline in inflation is a welcome and reassuring sign. I expect March end inflation to be 6.5%,” said Dr. Rangarajan, the Prime Minister’s Economic Advisory Council (PMEAC) Chairman, adding that January inflation has moderated more than expected. This is the fourth straight month of decline in the WPI numbers. Retail inflation, however, remained in double digits at 10.79% in January mainly on account of higher prices of vegetables, edible oil, cereals and protein-based items. Dr. Rangarajan said with the moderation in manufacture or core inflation in January, there was a need to focus on supply side easing of food articles. Inflation in manufactured items category witnessed a decline and stood at 4.81% in January, from 5.04% in the previous month.

Meet the 2012 Premier Agency Business Award Nominees

Source: EduNova – Nova Notes

The anticipation continues to grow as we announce the 2012 Premier Agency Business Award nominees! Only the highest standards have guided the judges on their quest to recognize the leaders in international education. Ethical business practices, integrity, strategic vision and innovation are the hallmarks of those chosen to represent the best in the industry. On May 11th, 2013, the city of Toronto will play host to the first annual Premier Agency Business Awards. Be a witness as your industry reaches new heights.

An elegant evening of entertainment and decadent food has been dedicated entirely to celebrating the nominees and their businesses. Join us, for what promises to be a memorable event as well as an industry first. This event is open to all. Please visit www.CLLC.ca/aboutus/paba for ticket information. Seats are limited. All educational agencies are now welcome to apply for the 2013 Premier Agency Business Awards. Don’t miss out on the opportunity to gain worldwide recognition and prestige. 2013 applications and sponsorships are now open.

Hon. Pierre S. Pettigrew, PC, Introduces the Canada India Education Council (CIEC)

By Hon. Pierre S. Pettigrew, PC

Welcome to the Canada India Education Council.  Our objective is to facilitate conversation & co-operation in the Canada-India education corridor. CIEC promotes education ties between Canada and India through recruiting opportunities, partnerships, joint ventures & programming, and organizing trade delegations, to name a few.  CIEC advises and aids institutions wishing to conduct academic linkages or exchange programs and connects potential students with reputable sources of information about the merits of an education or exchange program in either country.

The council serves as a forum for exchange of information and views between education providers, academics and associates from both countries.  CIEC aims to create a ‘clearing house’ of information and boasts a highly potent and interactive database that can be utilized to benefit members in both countries and update users of key events.

CIEC actively uses social networking tools to foster awareness and the development of an ‘academic community’ for sharing of information between academia, students, agents, high school counsellors and other like-minded groups to ‘connect’ with each other.

CIEC delivers value and engages member Institutions through shared sector updates and potential opportunities, actively soliciting feedback, and offering tailored solutions to suit each member’s goals and needs.

CIEC’s newest initiative is the much-lauded Agent Membership category: CARE – Indian Canadian Academic Advisors Representing Excellence.  CARE promotes transparency and ethical business practice in the international student recruitment market.  It is designed to act as a means for agencies that recruit students to Canadian accredited colleges, universities and other educational institutions to assess their services and ultimately fulfill their goal of providing a level of service that is at par with the expectations of students and Canadian academic institutions.

Agents are evaluated on their compliance with ‘CARE Standards’ through rigorous management and staff self-assessments, reference checks, and site visits.  The grueling CARE Process and mandatory training Increases agent awareness about the types of courses and institutions as well as different education options in Canada.

CARE – Recognized Agent Members shall be education agencies that have successfully undergone the CARE Process and have been approved for membership by the Membership Committee.  They have demonstrated their dedication to providing students and academic institutions ethical, quality education consulting services.

CARE offers regulation for the burgeoning education agency / consulting sector in India, meets the need for a consolidated database of ‘Agents & Consultants,’ and Increases accountability and responsibility of ‘Agents & Consultants’ towards the students and Institutions they represent.

Agents acquire a recognized document to validate their organization`s willingness and continual effort to improve, gain exposure through online mediums & networking events, and remain informed about the latest developments in the ‘Canada-India education corridor’

We look forward to your support and invite you to join our network of academic insiders & institutions, businesses, agents and students so that together we may succeed in this vibrant education corridor.

CIEC is an independent, national, membership based, event driven organisation established to operate exclusively within the burgeoning Canada-India education corridor.

Canada at the Delhi Sustainable Development Summit

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Source: Connect – Canada in India

Canada’s participation at the 2013 Delhi Sustainable Development Summit (DSDS), January 31 – February 2, included delegations from the Canadian provinces of Manitoba and Québec. The Premier of Manitoba, Greg Selinger, delivered the keynote address at a panel discussion on “Adapting to the Impacts of Climate Change and Mitigating Emissions of Greenhouse Gases and Associated Co-benefits” on February 2. The Québec delegation included Minister of International Relations Jean-François Lisée and Minister for Industrial Policy and the Banque de développement économique du Québec Élaine Zakaïb. Former Premier Jean Charest also attended the event. DSDS, an annual event organized by India’ The Energy and Resources Institute (TERI), is an international platform for exchange of knowledge on sustainable development

Indo-Canada Friendship Cup at Leh

att358b7Source: Connect – Canada in India

In keeping with a tradition dating back to 2001, residents of Leh, Ladakh welcomed Canadian expatriates for an ice hockey tournament at the highest skating rink in the world from January 18-20.  This year, in preparation for the tournament, Canada’s ILSC Education Group held an equipment drive, and as a result received over 28 bags of donated hockey equipment for the Ladakh Winter Sports Club and other groups in the region. Read more on our Facebook page.

Sharing International Insights with Nova Scotia’s Business Community

Source: EduNova – Nova Notes

Organized by DFAIT and with sponsorship from the Atlantic Canada Opportunities Agency (ACOA) and Nova Scotia Business Inc. (NSBI), members of Nova Scotia’s business community met with representatives of the World Bank (WB), Asian Development Bank (ADB), and Inter‐American Development Bank (IDB) on November 9th, 2012, at the Halifax Atlantica Hotel for a full‐day workshop on doing business with Interna‐ tional Financial Institutions (IFI). As one of Nova Scotia’s most active organizations within the IFI space, EduNova was invited to participate and share its experience with attendees of the workshop. EduNova’s Director of Project Development, Issmat Al‐Akhali, joined a panel discussion with representa‐ tives from CBCL, Barrington Group, and the Food Economy Group, to share expertise in securing and conducting IFI projects in foreign markets.

‘This experience is something that no classroom can teach you…’

‘This experience is something that no classroom can teach you…’

By Sparsh Sharma

A group of 19 MBA students from Université Laval – located in Québec City in Canada, a city recognised by UNESCO as a World Heritage Site – were on a study tour to India. This is the fourth time in five years that a team from the university came to India. Given their success in the previous years, the university decided to come back again this year.

The students travelled to different cities in India mainly to meet companies and promote their products and services and perfect their knowledge of India. The Canadian students represented 19 different companies in varied sectors like education, foods, manufacturing, IT, entertainment, beverages, etc.

Geneviève Marcotte, coordinator of the tour and a participant, answers some questions about the group’s visit:

How would the knowledge be useful to the group and the companies they represent?
GM: This experience is something that no classroom can teach you; after doing in-depth research before coming here and then meeting with your contacts on the field makes us realise the fruit of our labour, which is most certainly rewarding.

I believe that all students should take part in a trade mission like ours, as the experience shows you how small the world really is, and how accessible international markets are. International trade is important to both Canada and India. All the resources offered, in Canada and on the field here in India, were extremely useful for my future career of working in international business development as they were for all students involved in the study tour.

What was the methodology behind the study tour?
GM: Université Laval acts as a non-profit organisation that offers Canadian companies the opportunity to develop their international market. Our team is young, dynamic and benefits from accumulated knowledge of our 16 years of existence. Over 400 companies such as Bombardier, Maison Simons, Philips Lumec, etc. have already used our services. Our agents not only receive training from field experts but also work year-long to perfect their knowledge about the country abroad, its culture, economy, politics and language(s). Before getting into a trade mission like this, they do a market study to be sure about the best way to penetrate that particular market. It is a good opportunity for companies that desire to penetrate new markets and obtain professional, personalised service at an exceptionally competitive price. The University of Laval Commercial Missions is here to facilitate a period of transition to these new markets. From market potential evaluation to importation and exportation logistics, possible entry modes, technical representation as well as searching for distributors and clients, development agents, or the MBA students this time, worked three weeks in India to reach all goals of Canadian enterprise. Companies wanting to participate in our trade missions pay an amount which covers only cost for mission such as hotel, per diem and transport.

Would the products be marketed focusing on the Indian market?
GM: I think the business opportunity in India is immense but foreign companies must be very careful while entering this market. Though marketing is an important process in selling most products, the cultural challenges and political barriers are numerous. Obtaining permits can take long, finding the right distributor can be difficult and finding the right logistic strategy to make it all work is the key. Marketing will come once you have everything else in place, and if you have done all other things correctly, the publicity and advertisement will find results by itself with minimal effort.

Did your group’s impression about India change?
GM: It’s my second time in India and every time I discover a wonderful country with people wanting to learn more about us and teach a lot about their culture. It’s amazing. We thought India is a misinterpreted country: the advances that have been made, the technology available is impressive and the stereotype of ‘poor India’ is misleading. Businesses, especially small and medium enterprises (SMEs) all across the country, offer a wide range of high-quality products and services, and I think many people confuse lower production prices to lower quality. When you look at a giant like Tata, and all of the industries they are able to thrive in, it gives you a great example of the wide range of available knowledge, and its influence on the global scale.

Nader Daher: “India is a very sense-awakening place. Doing business here is a full human experience.”

Jonathan Bouvrette: “India brings a model of cooperation through open-mindedness”

Simon Lemay-Roux: “India is an incredible experience – business-wise as well as personally.”

Marie-Pier Michaud: “Canada and India are so different that every aspect of India becomes so impressive.”

India still hot investment hub: Deloitte

Source: Business Standard via Indian Economic Business News

India remains an attractive investment destination, even as taxation uncertainties pose a challenge, according to global consultancy Deloitte. “While India continues to be an attractive investment destination, the dynamic Indian tax framework creates some apprehensions in the investors’ perception about the approach on the tax issues related to transactions in India,” said a survey of investors, spread across various segments, conducted by Deloitte. “Around 63 per cent of those questioned consider Singapore to be a favourable jurisdiction for investments into India,” said the survey, adding 53 per cent consider uncertainties in the tax position as a significant challenge for doing business in India. Also, about 80 per cent of the participants indicated there should be rationalisation in India’s corporate tax rates in the range of 20 to 30 per cent. The survey suggested there was a need for a robust tax policy and an equally strong tax litigation process or an effective dispute resolution mechanism, to reinforce a stronger faith from multinational investors. It said investors believe India had an effective tax credit mechanism, which helped in reducing the overall tax burden, though there was room for improvement.

B.C. to host business forum focused on investment with India

Source: Government of British Columbia via Indian Economic Business News

Business leaders from India and British Columbia will meet to discuss investment opportunities at the BC-India Global Business Forum on Tuesday, March 12, 2013, at the Vancouver Trade and Convention Centre. The opening and expansion of markets for British Columbia’s goods and services, particularly in Asia, and the attraction of investment to grow B.C.’s priority sectors is a key pillar of the BC Jobs Plan. India is identified in the BC Jobs Plan as a priority market. The B.C. government has been spearheading India market outreach efforts to seek new export and investment opportunities for B.C. businesses, and to create greater awareness of B.C.’s advantages as a trading partner. The BC-India Global Business Forum is a key part of B.C.’s longer-term economic and trade strategy with India. It will profile key sectors that are of mutual priority for both the B.C. and Indian markets. The forum will include sector-specific discussions and presentations, as well as networking sessions to facilitate business opportunities and business matching.

Indo-Canada Chamber of Commerce led a 117 member delegation to India

Source: Indo-Canada Chamber of Commerce via Indian Economic Business News

The Indo-Canada Chamber of Commerce (ICCC) led a multi-city, multi-sector trade mission to India from January 2-17. 2013. The 117 member delegation representing various sectors such as trade, banking, construction, food security, education, energy security and infrastructure visited Mumbai, Bangalore, Kochi, Ahmedabad and Delhi. The delegates also participated in the Pravasi Bharatiya Divas, and in Ahmedabad-Gandhinagar in Vibrant Gujarat. The Mayors of both Markham and Brampton also joined the mission and led large delegations from their cities.

Vibrant Gujarat Summit: Canadian PM lauds Gujarat’s entrepreneurial spirit

Source: Daily News and Analysis via Indian Economic Business News

Prime Minister of Canada, Stephen Harper, has lauded the entrepreneurial spirit of Gujarat and said that the state is playing an important role in strengthening Canada-India relations. In a letter to Chief Minister Narendra Modi, the Canadian PM said that Gujarat, one of India’s most dynamic and industrious states, is world-renowned for its entrepreneurial spirit. “The state is an important partner for Canada thanks to its strategic location, strong economic credentials, and multilingual skilled workforce,” Harper said in the letter. Canada is one of the partners of Vibrant Gujarat Summit 2013,. Describing Vibrant Gujarat Summit as an international platform which provides a wonderful opportunity to foster new commercial relationships and enhance people-to-people ties, Harper said that Canada recently opened a trade office in Ahmedabad to facilitate new business and trade opportunities for Canada and the Gujarati community.“I would like to thank the Chief Minister Narendra Modi and Gujarat government for their contributions to strengthening Canada-India relations,” the Canadian Prime Minister added.