A CII CEO’s delegation led by Mr S Gopalakrishnan, President, CII and Co-Founder & Executive Co-Chairman, Infosys Limited will be visiting the US and Canada from July 15-18, 2013. As part of CII’s ongoing efforts to provide a fillip to economic relations between India and North America, the CII team arrives close on the heels of the US visits of Government of India officials, Mr. Anand Sharma, Union Minister of Commerce and Industry, who was also accompanied by a CII delegation, as well as Mr. P. Chidambaram, Union Minister of Finance.
While in Canada, the CII delegation is expected to meet with Canadian CEOs and partner organizations, Canadian Council of Chief Executives (CCCE) and the Canada-India Business Council (CIBC) to develop a comprehensive strategy to boost bilateral engagement. The India-Canada bilateral economic relationship remains largely untapped with bilateral trade in merchandize at a mere CAD 5 billion. On the investment front, Indian investments in Canada have seen unprecedented growth as compared to Canadian investments in India. Growing from barely CAD 211 million in 2006, Indian FDI in Canada stood at CAD 4.4 billion in 2011 — nearly seven and a half times greater than Canadian FDI in India in that year, which was less than CAD 600 million.
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