09 Jan 2017, 11:56 am
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.
- Kolkata CP urges elderly to stay alert against digital scams at ‘Pronam’ interaction
- Sona Incubations, Salem picks 17 startups for Rs 11 Mn DST investment, grant
- Visva-Bharati University unveils a transformational roadmap under Vice-Chancellor Dr. Probir Kumar Ghosh
- Sona College of Technology hosts Think Salem 2025: To spur startup opportunity from Tier-2 Cities
- ACM India unveils National AI Olympiad 2026 to spot school talent for global AI stage
- Reject Macaulayan education, reclaim Indian values: H M Bangur’s big World Hindu Economic Forum pitch
- Sona College of Technology: Many academic, research and industry-linked advances in 2025
- Kolkata: ICCR hosts 10th anniversary celebration of Robir Kiran
- Sydney's Bondi Beach horror: Pakistani-origin man named as one of the key suspects
- ‘Abba Aur Main: Ek Anokhi Dastan’ — Urdu Translation of Neelima Dalmia’s Memoir Launched at New Delhi’s Jashn-e-Rekhta Festival
Etihad Airways is set to introduce direct flights to Luxembourg, becoming the first airline from the Middle East to operate services to the country. Launching on Oct 29 2026, the new route will also be the only nonstop connection between Luxembourg and Abu Dhabi, linking two key centres in Europe and the Middle East, the airline said.
Lufthansa will mark its 100th anniversary in 2026, commemorating a century since the founding of the original “Luft Hansa” on January 6, 1926. The airline’s first flight followed shortly after, on April 6 of the same year, marking the beginning of what would become one of aviation’s most recognisable brands.
Tata Group-owned Air India on Tuesday announced a new, unilateral codeshare partnership with airBaltic, the flag carrier of Latvia, thus making the Baltic region more conveniently accessible for Air India customers.