#Canada; #ICCC; #SmallBusinessWeek; #CanadaPM; #PramodGoyal; #MaryNg
Toronto, Oct 23 (Canadian-Media): Inviting Canadians to join him in the observation of Small Business Week from Oct 18 -24, Canada’s Prime Minister Justin Trudeau encourages everyone in his message to buy local, order take out, and show as much support as you can for our small businesses and added, “Only together can we defeat this virus and build a more resilient Canada.”
Image credit: Twitter handle
‘Small Businesses are the backbone of the Canadian economy employing 70% of the Canadian workforce and 54.2% of the economic output produced by the business sector’ said Pramod Goyal, President of Indo- Canada Chamber of Commerce (ICCC) during its observance of Small Business Week, and added,
“With the right information and guidance, small businesses are easy to start and sustain.”
Pramod Goyal. Image credit: Twitter handle
Emerging as the largest organization of Indo-Canadian small business owners, ICCC had been organizing the Small Business Symposium to observe the Small Business Week. But unfortunately, this year, the COVID-19 pandemic and the lockdown has forced the ICCC with just a webinar.
With no signs of abating the pandemic continuously ravaging the global society and the global economy, the extermination of small businesses across the world is at risk.
But according to a survey conducted in late September 2020 by Ipsos for RBC Small Business, Canadian small business owners are counting on their resilience and optimism to help them weather the COVID-19 storm.
These inherent strengths and optimism of small business owners in Canada revealed by the statistics about their future is largely true of small business owners globally, said Goyal and added that he is reminded of the compact line of the Irish poet and humourist Oscar Wilde:
“We are all in the gutter, but some of us are looking at the stars,” and most of the Canadian small business owners, most of them are looking at the stars.
Offering a glimpse into the characteristics that help to define Canadian entrepreneurs, nine in ten (87%) business owners say they can recuperate quickly when faced with setbacks (compared to 72% of the overall Canadian population), and most (88%) are confident in their ability to deliver creative solutions to solve problems (compared to 73% of the overall Canadian population).
“Small businesses are the foundation of our communities and the backbone of our economy,” said Mary Ng, Canada’s Minister of Small Business, Export Promotion & International Trade.
Represent an incredible 98 percent of all Canadian businesses, said Mary Ng, small businesses employ near 8.5 million hard-working Canadians to keep our communities and our economy vibrating.
Mary Ng. Image credit: Twitter handle
The growing confidence of small business owners is mainly due to the information technology, in maintaining client relations, keeping books of accounts, and storing records on the cloud, enabling small businesses to compete with large conglomerates and emerge victoriously.
Mandated to create opportunities for small business owners, ICCC facilitates entrepreneurship to all levels of government, federal, provincial, and city, encouraging small businesses including remodeling and forming a business plan, identifying the potential market, arranging the seed capital, sustaining growth, and expanding to other markets.
#Canada; #InvestIndia2020VirtualConference; IndiaPMNarendraModi; #IndiaCanadaBilateralTies
Ottawa, Oct 11 (Canadian-Media): India's Prime Minister Narendra Modi said during his inaugural address of the virtual Invest India 2020 Conference organised in Canada on October 8, 2020 that trade and investment linkages, which form an integral art of the multi-faceted relationship drive India-Canada bilateral ties by shared democratic values and many common interests.
Narendra Modi. Image credit: Facebook page
Invest India is an annual conference organised by Fairfax Financial Holdings Ltd. in association with CIBC and other leading Indian and Canadian private sector players, which brings together investment and industry leaders from India and Canada with a focus on the investment and trade potential between India and Canada.
With a political stable India, with his investment and business friendly policies, skilled talent pool, has shown resilience, despite the pandemic to emerge as a land of solutions and opportunities.
Besides providing relief and stimulus package for poor and the small businesses, said Modi, India has liberalised its Foreign Direct Investment (FDI) policies, created a friendly tax regime for Sovereign Wealth and Pension Funds and has significantly reformed its robust Bond market. Besides, said Modi, India has monetized assets across various sectors, such as Airports, Railways, Highways, Power Transmission lines, etc.
Real Estate Investment Trusts (REITs) & Infrastructure Investment Trusts (InvITs) have been fully enabled for monetization of assets.
Complimenting Prem Watsa, Chairman and CEO of Toronto based Fairfax Financial Holdings for creating this forum, Modi said that he was glad of the exposure of Canada's investors and businesses to the investment and business opportunities in India.
Embarking on a journey of deregulation and decriminalisation of various offences under the companies act, India has also brought reforms in the field of education, labour and agriculture.
Modi said that with some of its largest pension funds and mature funds, Canada had invested over US$ 50 billion in India in a range of sectors and concluded India, being a place where Canada could look for partners in the field of education, invest in manufacturing or services and collaborate in the field of agriculture.
Canada-India Relations. Image credit: Facebook page
"India’s vibrant democracy and conducive ease of doing business environment make it an attractive investment destination", said India PM Narendra Modi
Speaking about the upward trajectory of India-Canada bilateral relations, the High Commissioner of India to Canada, Ajay Bisaria spoke about the the growing Canadian investments in India, to create investment friendly climate and the opportunities available for Canadian companies in India.
A range of issues concerning India-Canada commercial relationship, the High Commissioner of Canada to India, Nadir Patel said, which would be worth $100 billion in the coming years, for Canadian and Indian investors and companies to succeed and continue to thrive in both markets.
Several India success stories and detailed reforms introduced by Government of India to attract investments then followed.
This year, due to COVID-19 pandemic, the event was held virtually. More than 3000 investors, business entities, Chambers of Commerce and influencers from Canada and India participated in the various sessions. Prime Minister's inaugural remarks were broadcast live on digital media and attracted an audience of more than 50,000 people.