Toronto/ Delhi (PRWEB) October 16, 2012
The Canada-India Business Council (C-IBC) and the Federation of Indian Chambers of Commerce and Industry (FICCI) have partnered to launch the “Canada-India Business Policy Dialogue” - a joint initiative that will represent the interests of leading Canadian and Indian companies in the bilateral corridor.
The Dialogue is a unique bilateral advocacy platform for country managers with on-the-ground experience to meet on a quarterly basis with host government officials to build ties, improve brand awareness and develop actionable solutions to key policy and regulatory challenges in the Canada-India corridor. Outcomes from the Dialogue will be submitted to the relevant government agency or bilateral negotiation (e.g. CEPA – the Canada-India free trade agreement).
Although trade flows grew by 26% to over $5 billion last year and there are now over 300 Canadian companies active in India, business still remains below its potential.
“There is a real need for a regular forum for companies active in Canada and India to share their unique concerns and priorities with government and policy makers - as well as with each other in order to collectively work towards solutions. This initiative was created in response to this demand and it is designed to fill this need. There is a strong need to promote both Brand India and Brand Canada in the respective countries to gain greater business traction” says Dr. Rajiv Kumar, Secretary General of FICCI.
The first meeting of the Policy Dialogue’s India Chapter took place in September at FICCI’s headquarters in New Delhi. Public officials from both sides met with over a dozen country heads of Canadian businesses in India. The discussions, facilitated by FICCI and C-IBC leadership, yielded a number of priority areas and possible actions to be taken by both business and government. The next meeting is planned for December 2012.
“With the support of a strong partner like FICCI, this Dialogue will raise the importance and urgency of the Canada-India relationship among key decision-makers in both countries. Through sustained engagement and creative thinking, we can help push forward the negotiations and remove some of the policy and regulatory barriers that continue to constraint trade and investment between the two countries,” says Peter Sutherland, Vice-Chairman of the C-IBC.
The C-IBC and FICCI are actively planning and seeking partners to develop a similar platform for Indian companies in Canada, to be launched in 2013.
For more information on how your company can become involved with the C-IBC/FICCI Canada-India Policy Dialogue, please contact:
Director of Partnerships & Programs
T: 416-214-5947 x25
For media requests and to do an interview with spokespeople from C-IBC or FICCI please contact:
T: 416-214-5947 x26
The Canada India Business Council –
The Canada-India Business Council (C-IBC) is Canada's only private sector, member driven, not-for-profit national business association dedicated to the sustained growth of trade, investment and services between corporate Canada and corporate India.
For the past thirty years, the Canada India Business Council (C-IBC) has helped Canadian companies of all sizes realize on the opportunities that the Indian market represents.
Our members include both globally recognized Canadian and Indian brands as well as innovative and up and coming SME’s.
C-IBC is headquartered in Toronto with operations in British Columbia, Quebec and New Delhi, India.
The Federation of Indian Chambers of Commerce and Industry –
Established in 1927, FICCI is the largest and oldest apex business organisation in India. Its history is closely interwoven with India’s struggle for independence, its industrialization, and its emergence as one of the most rapidly growing global economies. FICCI has contributed to this historical process by encouraging debate, articulating the private sector’s views and influencing policy.
A non-government, not-for-profit organisation, FICCI is the voice of India’s business and industry.
FICCI draws its membership from the corporate sector, both private and public, including SMEs and MNCs; FICCI enjoys an indirect membership of over 2,50,000 companies from various regional chambers of commerce