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Merchants’ Chamber of Commerce & Industry organised a Special Session on “Canada: The Gateway to Global Business” on 8 September 2023 at MCCI.
The session was addressed by Mr. Stephen W. Green, Senior Managing Partner, Green & Spiegel (G&S), Mr. Eren Sari, Manager, Business Immigration &Development, Green & Spiegel (G&S), and Mr. Mehmet Komurcu, Partner, Dentons Canada LLP and Mr. Imran Zaki, Educationist & Social Activist.
Mr. Stephen W. Green, Senior Managing Partner, Green & Spiegel (G&S) in his address said that Canada is one of the least populated counties in the world so it is a great opportunity for foreigners to set up businesses in the country.
He further mentioned the Canadian government provides special student visas and also introduced special Entrepreneurial programmes for foreign companies. Canada is looking for entrepreneurs to create jobs and help the economy. The Start-up Visa Programme is an opportunity for both countries to work together and grow together. The Government of Canada provides venture capitalists, angel investors, and incubation centers for the investors.
Mr. Green also mentioned that Canada has a very effective tax system, only the residents of Canada are required to pay taxes.
Mr. Mehmet Komurcu, Partner, Dentons Canada LLP said that in Canada foreign investors can pursue in forms of franchise, solopreneurship, and partnership. For business, it is easy to introduce new technologies or ideas in Canada because Canadians are conservative in adopting new things.
Mr. Namit Bajoria, President, MCCI in his Welcome Address said that one of the largest immigrant groups in Canada is people of Indian origin. The 22 Indian-origin Members of Parliament (in the total strength of 338) in the House of Commons of Canada, is an example of the soft power of the Indian diaspora in the country.
He further added that since 2018, India has also been the largest source country for international students in Canada. Canada faces manpower shortages in sectors like IT and ITeS, healthcare, engineering, and education services, and the Indian workforce can help to mitigate the shortages. The removal of barriers to the mobility of skilled workers and professionals can be an area for discussion.
The Session ended with a Vote of Thanks proposed by Mr. B. D. Agarwal, Member, Council on Foreign Trade, MCCI.
