ICCC Newsletter - February 2015

February 2015

ICCC Newsletter

Indo-Canada Chamber of Commerce 924 The East Mall, Etobicoke M9B 6K1, Ontario, Canada www.iccconline.org

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President's Message

Indo Canada Chamber of Commerce’s (ICCC) India Mission 2015

visited Gandhinagar, Ahmedabad, Jaipur and New Delhi. The mission

achieved its desired goals through its active participation in PBD India

2015 and Vibrant Gujarat 2015 convention.

Close to 50 small and medium business owners have participated in this

year’s India Mission.

The ambitious ‘Make in India’ campaign was launched by the

Government of India in 2014. In broad terms, India’s steady march in the field on technological

advancement and promotion of local manufacturing is a welcome initiative. Indian Diaspora can

play an important role in harnessing India’s burgeoning capabilities in this sphere.

This subject has acquired immense significance among the Indo-Canadians as well. ‘Make in

India’ is the major policy reform in attracting new investment and boosting manufacturing sector.

Canada has its expertise in a number of sectors such as mining, information technology, and

automobiles, aerospace etc. in which the Indo Canadians have the capacity, connections and

capability to invest.

Know your Organization

Indo-Canada Chamber of Commerce is a 38-year-old organization with twin objectives of

fostering bilateral trade between Canada and India and creating entrepreneurial and professional

opportunities for Indo-Canadians. It is run by an elected board with the help of various committees

involving member.

To know more about your organization, please visit: www.iccconline.org

ICCC President Dharma P Jain

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Highlights of India Mission 2015

January 7-13, 2015

Pravasi Bharatiya Divas (PBD) 2015

Indo Canada Chamber of Commerce’s (ICCC) India

Mission 2015 under the leadership of Mr. Dharma P Jain,

reached Gandhinagar and started their first leg of meetings

with business leaders, decision makers and others at the

Gandhinagar, India. The delegation attended the inaugural

session of the Pravasi Bharatiya Divas 2015. The session

was inaugurated by the Prime Minister of India Shri

Narendra Modi.

Indian Prime Minister Modi said that the government of

India has merged the PIO (Persons of Indian Origin) and Overseas Citizens of India (OCI) cards

to ease the travel of the overseas Indians. He further said that many possibilities are awaiting you

as time is changing rapidly and India has risen with new strength.

Opening of Canadian Pavilion

Hon. Deepak Obhrai, Parliamentary Secretary and ICCC President opening the Canadian Pavilion

Hon. Deepak Obhrai, Parliamentary Secretary to the Minister of Foreign Affairs, Government of

Canada opened the Canada Pavilion at the Vibrant Gujarat 2015.

PM Modi addressing the Inaugural Session of PBD 2015

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Meeting with Mr. Arjun Ram Meghwal

Dharma P Jain, President ICCC met Mr. Arjun Ram Meghwal, Member of Parliament from

Bikaner, Rajasthan along with over 30 delegates. Mr. Meghwal is also Member of Business

Advisory Committee, Government of India. Both the leaders discussed the scope of the Canada

India trade and business ties in general and particularly the Canada Rajasthan trade ties. He offered

all the possible help for the Canadian business owners to start their ventures in the state of

Rajasthan. ICCC board members Mr. Tony Chawla, Mr. Hardesh Marwaha and Mr. Naval Bajaj

were also present during the meeting.

Meeting with Mr. Rohit Bhargava Chief Representative and MD, TD Bank India

ICCC president also held discussions with Mr. Rohit Bhargava, Chief Representative and MD, TD

bank India and discussed the progress of cooperation in the banking sector. Discussions were held

among the other participating business chambers to work out common grounds for cooperation to

expand the trade ties between the two nations.

ICCC released its Report on Canada India Partnership

The Indo Canada Chamber of Commerce (ICCC) is pleased to announce the release of its Report

on “Unlocking the Potential of Canada-India Partnership: Present Initiatives and Future Agenda”

by Honorable Deepak Obhrai, Parliamentary Secretary to The Minister of Foreign Affairs in

Ahmedabad, India on 10 January 2015, in a business reception hosted by GCCI. The report has

also been released in Toronto on 5th December 2014.

Canadian High Commissioner H. E. Nadir Patel, Mr. Devinder Shory, Member of Parliament, Ms.

Dipika Damerla, Associate Minister of Health and Long-Term Care, Ontario, representatives of

BC and Ontario Trade commissioner officers in India, members of CIF, ICBC, GCCI, and other

business chambers from UK, America and Australia were present along with other eminent Indo

Canadians. The event was attended by over 200 people.

Hon. Deepak Obhrai Awarded Global Vision Award

ICCC President led India Mission delegates attended the Global Vision Award ceremony at

Ahmedabad. Hon. Deepak Obhrai, Parliamentary Secretary to the Federal Minister of Foreign

Affairs, Canada was awarded 'Global Visionary Award'. The award was presented by the Vision

World Organization of Ahmedabad, on January 10, 2015. The award honors Obhrai for

strengthening Canada's political and cultural relations with India. Over 10 prominent overseas

Indians received the award.

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Visit to Cadila Pharmaceuticals

The delegates visited the Cadila Pharmaceuticals Limited for a luncheon meeting. Mr. S V Suresh,

Deputy Vice President said during its presentation that Cadila is one of the largest privately held

pharmaceutical companies in India, headquartered at Ahmedabad, in the State of Gujarat. Over the

last six decades, the company has been developing and manufacturing pharmaceutical products in

India and selling and distributing these in over eighty-five other countries around the world.

Briefing Session with Canadian Consulate

ICCC and CIF led delegation was also given a briefing by the

Canadian High Commissioner H.E. Nadir Patel in the

presence of Hon. Deepak Obhrai along with representatives

of ICBC, KPMG and EDC. Canadian High Commissioner

gave a detailed presentation on ‘Doing Business in India’ for

Canadian delegates before Vibrant Gujarat 2015.

Visit to Cadila Pharmaceuticals

From L to R: ICCC President Mr. Jain with Hon. Deepak Obhrai and Canadian High Commissioner Nadir Patel

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B2B Meeting with GCCI

The Gujarat Chamber of Commerce and Industry (GCCI), a MoU partner of ICCC organized a

business reception for the India Mission 2015 delegates. Apart from the ICCC delegates Canada

India Foundation, UK Chamber of Commerce, American Chamber and others were also present.

Mr. Rakesh Shah, President GCCI and Mr. Samir Patel, Vice President GCCI lauded the efforts

ICCC has been undertaking in promoting closer economic ties between India and Canada.

Meeting with Indo Canadian Business Chamber (ICBC)

ICCC president held a meeting with our MoU partner ICBC. Mr Dharma P Jain and Ms. Nadira

Hamid, Chief Operating Officer, Indo-Canadian Business Chamber (ICBC) explored the

possibilities of working jointly in the Canada India Corridor. Mr. Jain invited them to lead a trade

delegation to explore the possibilities of trade with Canada.

Vibrant Gujarat Ceremony

The ICCC-led delegation attended inaugural session of Vibrant Gujarat 2015. Hon. Narendra

Modi, Prime Minister of India conveyed his deep appreciation to the visiting delegates from

Canada. The summit was focused to attract new investment in the sectors such as healthcare,

automobile, aerospace, renewable energy, mega projects, sustainable development, information

technology, railways, infrastructure, small scale industries, biotechnology, service sectors and with

special focus on manufacturing with the slogan of ‘make in India’. ICCC president Mr. Dharma P

Jain was presented with the India Mission delegation. Mr. Dharma P Jain said that the Canadian

presence at the summit reflect the strong bonding between the two countries to foster new

commercial relationships and to enhance people-to-people ties.

Canada was also represented by Hon. Deepak Obhrai, parliamentary Secretary to the Minister of

Foreign Affairs, Mr. Chris Alexander, Minister of Citizenship and Immigration, Mr. Nadir Patel,

Canadian High Commissioner, Dr. Kellie Leitch, Minister of Labor and Status of Women, Mr.

Patrick Brown, Member of Parliament, Ms. Dipika Damerla, MPP, Ontario.

Dinner reception with Institute of Chartered Accountants of India

India Mission delegation reached Jaipur in the evening of January 11, 2015 for a dinner reception

with the Jaipur Branch of Institute of Chartered Accountants of India (ICAI). It was a very

successful business meeting to understand the financial issues such as tax system, financial

incentives, bilateral investment regulations, financial service outsourcing and scope of the two

economies to work together to benefit both the countries.

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Meeting with Speaker, Rajasthan Assembly

Mr. Dharma P Jain also visited the Rajasthan

Assembly with the ICCC India Mission

delegates on January 12, 2015. Delegation

met with the Speaker of Rajasthan Assembly

Mr. Kailash Meghwal. Both the leaders

discussed the emerging opportunities between

Canada and India and how the state of

Rajasthan can actively participate in attracting

the investment in the state from Canada. State

of Rajasthan is very good in stone and marble

business, handicrafts, agriculture and tourism.

Meeting with Mr. Gajendra Singh, Minister of Industry, Government of Rajasthan

ICCC delegation held a successful business meeting with Mr.

Gajendra Singh, Minister of Industry, Government of

Rajasthan. Rajasthan is an emerging state with its robust

growth in Agriculture, Mining and stones & granite.

Meeting with Mr. Shivraj Chauhan, Chief Minister, Madhya Pradesh

President, Dharma Jain also had a meeting with Mr. Shivraj Singh

Chauhan, Chief Minister, Madhya Pradesh. Both leaders had a

fruitful discussion on promoting the bilateral trade between the

State of Madhya Pradesh and Canada. President invited Mr.

Chauhan to bring a business delegation to Canada.

Meeting with speaker Rajasthan Assembly Mr. Kailash Meghwal

Meeting with Minister Gajendra Singh

ICCC President with Mr. Shivraj Chauhan, Chief Minister,

Madhya Pradesh

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Visit to Calgary Eye Hospital Jaipur

Mr. Dharma P Jain,

visited the Jaipur

Calgary Charitable

Eye Hospital in Jaipur

with the delegates.

The hospital is run in

close coordination

with the Operation

Eye Sight Universal,

Calgary (Canada). The

project was inspired by Dr.

Ben Gullison, a Canadian physician working in Sompeta on India’s east coast, Arthur Jenkyns, a

Calgary businessman, founded Operation Eyesight Universal in 1963. Jenkyns marshalled the

efforts of others and raised funds for people needing eye care in India. Operation Eyesight

developed into a partnership between generous Canadians and Indian eye doctors, and later

expanded its scope to include regions of Africa and south Asia

B2B meeting with Rajasthan Chamber of Commerce and Industries

ICCC held a B2B meeting

with Rajasthan Chamber of

Commerce and Industries

(RCCI). Mr. Dharma P Jain,

President ICCC said that the

chamber is leading this

delegation to foster trade

ties between Canada and

Rajasthan. Both the

chamber discussed the

opportunities available for

investors in both the

countries.

RCCI shown keen interest in signing an MOU with ICCC to work closely with each other in future

and decided to sign it before March 2015. The meeting was attended by over 50 business people.

Meeting with the Calgary Eye Hospital, Jaipur

ICCC President addressing the RCCI

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ICCC signed MoU with Federation of Rajasthan Trade and Industry

ICCC President signing MoU with FORTI

Indo Canada Chamber of Commerce and Federation of Rajasthan Trade and Industry signed

Memorandum of Understanding to cooperate and collaborate for strengthening the bilateral trade

relations between Canada and India during a dinner reception hosted by FORTI in honor of visiting

Canadian delegation on 13 January 2015. Mr. Dharma P Jain, President ICCC said that both the

organization will work to cooperate to foster a closer networking among the Indian diaspora, and

with people and organizations in India and Canada to expand the economic engagement of the

Indian diaspora with India and Canada; to facilitate visits of delegations of both organizations and

support in the organization of programs, meetings, B2B meetings, conferences as deemed

appropriate; to facilitate one-to-one interaction between representatives of business and

Government in India, and in the regions where FORTI and/or ICCC have presence. FORTI agreed

to send a business delegation to Canada and also told us to start a dedicated bench to work on

Canada file in their office.

Business reception with PHDCCI

Indo-Canada Chamber of Commerce (ICCC) in collaboration

with the PHD Chamber of Commerce and Industry

(PHDCCI) organized a business reception at the PHD House

in Delhi on January 13. Mr. Tony Chawla, Vice President

ICCC and Mr. Hardesh Marwaha, Director ICCC were

present during the reception with other India Mission

delegates.

Business reception at PHD house, Delhi

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Meeting with Former MP, Sh. Maninderpal Singh Bitta

Mr. Dharma P Jain met with the President, All India Terrorist Front and former Member of

Parliament Mr. Maninderpal Singh Bitta. Both the leaders discussed bilateral ties between the two

countries.

ICCC-India Mission 2015: Reception at Canada Club

High Commission of Canada to

India, hosted a reception for the

delegates of India Mission 2015

on January 13 evening at Canada

Club. Hon. Kellie Leitch, Minister

of Labour and Status of Women

and other dignitaries from the

diplomatic corps from the

Canadian High Commission,

business leaders, and bureaucrats

from the Indian government

attended the reception.

Speaking on the occasion, Hon.

Kellie Leitch, Minister of Labor and status of women lauded the Indo-Canada Chamber of

Commerce’s (ICCC) efforts to foster the bilateral trade and commerce relations between Canada

and India. He emphasized that Indian government is business friendly and there is a much larger

scope for developing bilateral relations in the all the sectors. He also made a special remark on the

role the Chamber is playing in branding Canada in India.

January 21, 2015

Emerging India: New Economic Superpower

India is an emerging market with

business friendly stable government

which is working to attract investment

for development. India is a lucrative

market for the new investors to manifold

their returns. Bhim D Asdhir, Founder,

Excel Funds Management Inc. said on

January 21, 2015. The Indian

government’s decision to develop 100

smart cities, diamond quadrilateral

project of high speed train network and

High Commission reception at Canada Club, New Delhi

From L to R: Tony Chawla, Dharma P Jain, Andre Kent & Bhim Asdhir

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development of industrial regions will help the economy to grow in the double digit in the coming

decade. India is the fastest emerging global economy and is poised to reach at US$ 10 trillion by

2020, he added.

Mr. Dharma P Jain, President, ICCC said that ‘Make in India’ is the major policy reform in

attracting new investment and boosting manufacturing sector. Canada has its expertise in a number

of sectors such as mining, information technology, and automobiles, aerospace etc. in which the

Indo Canadians have the capacity, connections and capability to invest.

Mr. Andre Kent, Vice-President & Investment Advisor, CIBC Wood Gundy, gave a brief

introduction of the CIBC Wood Gundy that it is providing full-service brokerage with more than

1,000 Investment Advisors nationwide and have assets of $139.5 billion.

January 25, 2015

ICCC President Mr. Dharma P Jain met Mr. Arun Pandya, General Manager South Asia Air

Canada and Past President Indo Canadian Business Council (ICBC) at Hilton Airport. Both the

leaders discussed the emerging trends in the Canada India relations and how ICBC can work

closely with ICCC to grow their operations in both the countries. They also explored the

possibilities of Air Canada supporting the chamber in future.

January 26, 2015

ICCC President Mr. Jain attended the Annual Gala Dinner of Toronto Region Board of Trade, at

Metro Toronto Convention Centre on the invitation of CPA Canada. Mr. Jain met Mr. Mark

Wiseman, President & Chief Executive Officer, Canada Pension Plan Investment Board, Premier

Kathleen Wynne, Mayors from the cities of Markham, Toronto, Mississauga and Brampton.

January 26, 2015

WEP Open House

Women Entrepreneurs Professional (WEP) Committee

of Indo Canada Chamber of Commerce organized an

open house on 26 January 2015 at the ICCC

headquarter in Toronto. Ms. Ginni Sethi, Director WEP

of the Chamber welcomes all participants and said that

the open house is to attract new women entrepreneurs

to be part of the ICCC WEP. Participants also get the

chance to introduce themselves and shown keen interest

in joining the ICCC as members. Participants were

from different sectors and shown the strength of

emerging Indo Canadian business leaders at the event

WEP Committee From L to R: Shibani Sahney, Sunita Malik, Anu Jain, Ginni Sethi and Shelly Srivastav

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January 28, 2015

Estate Planning: Investment strategies for different Life stages

Indo- Canada Chamber of Commerce organised

an interactive session on Estate Planning:

Investment Strategies for different Life stages on

28-January 2015 at the ICCC headquarter. Ms.

Kamla Doodnauth and Ms. Punita Bansal from

RBC were the guest speakers at the session. In a

joint presentation they said that to protect the

family assets and their proper distribution to

minimize the burden on your beneficiaries, estate

planning is a must.

Mr. Dharma P Jain, President, ICCC in his

welcome remarks said that estate and investment planning is a complex phenomenon so the expert

advice is always a better option to get the maximum benefit and to understand the government

policies in this regard.

Mr. Brij K Sharma, Vice President, ICCC said, that the session this evening is aimed to create

awareness among the Chamber’s continuing effort to provide first-hand information from an

expert to make future planning future investment.

UPCOMING EVENTS

For details please see www.iccconline.org

February 25, 2015: EHSP – A Business Solution for Health Risks

ICCC in news

The Indian Diaspora

Indo Canada Outlook

Indo Canada Outlook

News East West

Asian Pacific Post

From L to R: Dharma P Jain, Punita Bansal, Kamla Doodnauth, Brij K Sharma, Tony Chawla

& Jagdish Bajaj

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SUGGESTIONS Your new board is committed to make this esteemed organization member friendly, open, transparent, and truly a business organization working to achieve its mission and vision. Board is considering of - i) Publishing achievements of members in the upcoming issues of ICCC newsletter. Therefore, members are advised to send their achievements such as new position, additional qualification, awards etc. at [email protected]. ii) Publishing articles on different topics involving trade, commerce, tax etc. Interested writers can send their articles (500 words) at [email protected]. iii) Starting blogs on Chamber's website. Send your resumes and subjects you wish to write a blog. iv) Constituting a newsletter committee. Those who have flare of writing, designing and passionate about this, send in their resumes at [email protected]. Board is there to steer this august body in the direction provided by articles and by-laws and ensuring that interest of various stakeholders is protected. Board invites your suggestions and opinions regarding future events, newsletter content, and ask you to get engaged more and more and participate in Chamber events. You are the true ambassador of Chamber and your board is working for you in. Please feel free in contacting any board member. Please feel free in sending your suggestions and recommendations at: [email protected] or [email protected].

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