Prime Minister Narendra Modi and Canada’s business community go through intense discussions in Toronto
Toronto: In his remarks during a meeting with 30 influential members of the business community here, Prime Minister of India Narendra Modi described the relationship between Canada and India, as a bonding of “saamarthya aur sambhaavnaayein” (capabilities and possibilities). He said with a perfect combination of capabilities and possibilities we could together scale new heights.
Modi urged Canadian business persons to explore new avenues in India, and spoke about the range of decisions taken by the Indian Government over the last ten months, to boost investment. These include raising FDI caps in Railways and Insurance, the Smart Cities initiative, the Clean Ganga initiative, and solid waste management and waste water treatment in 500 cities and towns.
The Prime Minister said that the combination of democracy, demography and demand make India the most suitable location for Canadian companies to expand their businesses.
Earlier, the Prime Minister interacted over breakfast with major Pension Fund Managers of Canada. He assured investors of a predictable and stable tax regime. He also had a separate meeting with Tim Wiseman, CEO, Canada Pension Plan Investment Board.