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  • 31 Jul 2020 7:33 PM | Anonymous

    Indo-Canada Chamber of Commerce is pleased to announce the appointment of new members on its Board of Directors and the Advisory Board.

    Dr. Shanthi Johnson, Professor & Dean, School of Public Health, University of Alberta, and Dr. Ashwin Joshi, Associate Professor Marketing and Dean of MBA Program, Schulich School of Business have been appointed to the Advisory Board for a two-year term starting August 2020.

    Ripudaman Dhillon, a serial entrepreneur, an immigration consultant, and a community leader, and Vikas Sharma, an entrepreneur, philanthropist and avid builder have been appointed directors to the Board.

    Pramod Goyal, President and Chair of the Board, while welcoming the new Advisory Board members said, "We have appointed extremely talented, dedicated and well known academicians to the Advisory Board. There presence will help us formulate effective public policy positions on mission critical issues."

    About the newly appointed directors, the ICCC President said, "The entrepreneurial and philanthropic zeal of our new directors will help us make our outreach among members and stakeholders more effective."

    Advisory Board appointments

    Dr. Shanthi Johnson
    Professor & Dean 
    School of Public Health
    University of Alberta
     
     XXXXXXXXXXXXXXXXXXXX  

    Shanthi Johnson is a leader in the fields of health promotion and healthy aging. An internationally renowned researcher with multidisciplinary perspective, she has led significant research and has secured notable grants. She has delivered more than 300 presentations and is the author of over 150 peer reviewed articles and reports in prestigious journals such as the Lancet. Johnson has played a key leadership role as associate dean in the Faculty of Kinesiology and Health Studies at the University of Regina (2008–2014). She has served on various boards and was the President of Shastri Indo-Canadian Institute.

    ---------------

    Dr. Ashwin Joshi
    Associate Professor, Marketing
    Director, MBA Program
    Schulich School of Business

     
       

    Having completed his PhD in 1993, Ashwin began his academic career at the University of Winnipeg, followed by stints at St. Mary’s University and at the University of Calgary.  He joined the faculty of the Schulich School of Business, York University in 1999.  Since that time, Ashwin has taught across a wide range of programs within the School, including the BBA, Masters of Management, Master of Business Analytics, MBA, IMBA, EMBA, and the Phd Program. Relationship building is a key theme in his research and consulting practice.

    See ICCC's Advisory Board

    Board appointments

    Ripudaman Singh Dhillon
    Founder & Co-owner
    ICCC Immigration Solutions Inc.

     
       

    Ripudaman established ICC Canada Immigration Solutions Inc. to help new immigrants to easily settle into a better life in Canada. His entrepreneurial zeal led him to launch Guru restaurant in 2013 in Heartland. His affinity for public service inspired him to start Radio Dhun, Ontario’s first multicultural and multilingual radio station, and in 2017 he acquired Radio 1220AM that reaches audiences from Ottawa to St. Catherines. The International Fashion Festival Toronto he launched in 2014 promotes local designers. Ripudaman is an active philanthropist and was the Progressive Conservative Party of Ontario’s candidate in 2018 and a candidate of record for Brampton North.

    ---------------

    Vikas Sharma
    Director
    Inxsys Corporation

     
     xxxxxxxxxxxxxxxxxxxxxxxxxx  

    Since 2006, Vikas has been the President and Owner of a post-industrial plastics recycling company in Toronto, Canada. The firm specializes in trading a wide variety of secondary fiber, post-industrial plastics and raw material to build the efficiency and profitability of its customers recycling operations. Vikas has significant experience in international trade and over the last two decades, Vikas has exported to China, India, Vietnam, Mexico and the USA. He specialises in India and North America trade.

    Vikas is the President and Founder of the Care4Cause Foundation, which offers dignity, compassion and respect to individuals suffering poverty and unfortunate circumstances. Vikas joined the Tiger Jeet Singh Foundation in 2019 as Director and worked on expanding its Christmas Miracle on Main Street toy drive charity event to Brampton.

    See ICCC's Board of Directors

  • 28 Jul 2020 4:30 PM | Anonymous


  • 20 Jul 2020 3:57 PM | Anonymous

    Recent Investments (April-July 2020)

    1.    Google: $10 billion.

    2.    Walmart: $1.2 billion.

    3.    Foxconn (Apple Inc. Supplier): $1 billion.

    4.    Facebook: Investment Amount – The world’s largest social media company invests $5.7 billion in India’s Reliance Jio Platforms. It is Facebook’s biggest single investment in another company.

    5.    Qualcomm Ventures: $97 million.

    6.    Thomson: $142.8 million.

    7.    We Work Global: $100 million.

    8.    Hitachi: $15.9 million.

    9.    Kia Motors: $54 million.

    10.  Saudi Arabia’s PIF: $1.6 billion.

    11.  Hyundai Mobis: Investment –Hyundai Mobis expands its technical centre in India to strengthen software development of future vehicles. Through this expansion, the company aims to strengthen its R&D activities in India, particularly software development for autonomous vehicles.

    12.  SGS: Investment – SGS is Amazon’s trusted partner in quality packaging and is one of the world's leading inspection, verification, testing and certification company. The company opens its first accreditation testing lab in India along with labs in other parts of the world which are Cestas in Bordeaux, France and Appleton in the US.

    13.  Axtria: Investment –Axtria, a global leader in cloud software and data analytics for the life sciences commercial business, further expands its presence in India and opens its first delivery centre in south India. The big data analytics and cloud software giant is creating new employment opportunities to meet increasing market demand in India.

    14.  f5: Investment – f5, a company providing solutions to App based platforms, opens its first centre in India. After successful launches in Sydney, Australia, and Hong Kong, it opens its first centre in India.

    15.  Tsuzuki: Investment – Tsuzuki one of the leading Japanese electronics company, opens a brand-new plant at Reliance's Model Economic Township in Jhajjar, Haryana, India.

    16.  Samsung: Investment –The South Korean giant now has started manufacturing their entire range of 18 smartwatches in India. The company which has its largest smartphone manufacturing facility in Noida, has also launched a new 4G-enabled smartwatch that will be manufactured locally.

    1.       https://indianexpress.com/article/explained/google-10-billion-usd-investment-in-india-explained-6505026/#:~:text=Tech%2Dgiant%20Google%20Monday%20announced,accelerate%20digitisation%E2%80%9D%20in%20the%20country.

    2.       https://www.livemint.com/companies/news/walmart-leads-1-2-bn-investment-in-flipkart-at-near-25-billion-valuation-11594726660007.html

    3.       https://www.timesnownews.com/business-economy/companies/article/foxconn-to-invest-1-billion-in-india-amid-apples-gradual-production-shift-from-china/619706#:~:text=Foxconn%20aims%20to%20invest%20in,%241%20billion%20in%20the%20country.

    4.       https://techcrunch.com/2020/04/21/facebook-reliance-jio/

    5.       https://techcrunch.com/2020/07/12/qualcomm-to-invest-97-million-in-indias-reliance-jio-platforms/

    6.       https://retail.economictimes.indiatimes.com/news/consumer-durables-and-information-technology/consumer-electronics/thomson-to-invest-rs-1000-cr-in-indian-market-over-next-5-years/76466223#:~:text=New%20Delhi%20%3A%20Television%20brand%20Thomson,company%20said%20in%20a%20statement.

    7.       https://m.economictimes.com/small-biz/startups/newsbuzz/wework-global-to-invest-100-million-in-wework-india/articleshow/76218667.cms

    8.       https://www.japantimes.co.jp/news/2020/07/13/business/corporate-business/hitachi-trains-india/#:~:text=NEW%20DELHI%20%E2%80%93%20Hitachi%20Ltd.',billion%20rupees%20(%2415.9%20million)

    9.       https://www.thehindu.com/news/national/andhra-pradesh/kia-motors-india-to-invest-409-cr-in-expansion-project/article31699040.ece#:~:text=The%20KIA%20Motors%20India%20will,Mee%20Suchana'%20programme%20on%20Thursday.

    10.   https://www.moneycontrol.com/news/business/jio-pif-deal-all-you-need-to-know-about-saudi-arabias-pif-the-latest-investor-in-jio-platforms-5423231.html

    11.   https://www.prnewswire.com/news-releases/hyundai-mobis-expands-its-technical-center-in-hyderabad-india-to-strengthen-software-development-of-future-vehicles-301039782.html

    12.    https://www.sgs.com/en/news/2020/05/sgs-expands-network-of-ista-labs-and-adds-ista-6-amazon-certification-testing

    13.   https://insights.axtria.com/press-release-axtria-expands-to-south-india-with-a-new-bengaluru-delivery-center

    14.   https://www.f5.com/company/news/press-releases/f5-expands-silverline-managed-services-offerings-in-india-with-new-point-of-presence-to-improve-application-security-for-customers

    15.   https://www.livemint.com/companies/news/tsuzuki-to-set-up-plant-at-reliance-s-model-economic-township-in-jhajjar-11594546228950.html

    16.   https://economictimes.indiatimes.com/tech/hardware/samsung-starts-manufacturing-smartwatches-in-india/articleshow/76872729.cms#:~:text=With%20Galaxy%20Watch%20Active2%204G,Singh%20said%20in%20a%20statement


    How India has responded to the global pandemic, writes Harsh Vardhan Shringla

    Whether in diplomacy or economy, whether in society or policymaking, we have been learning new lessons

    ANALYSIS BY Harsh Vardhan Shringla- 8 July 2020

    India has been proactive in assessing and dealing with the challenges caused by the pandemic. Saving lives has been our foremost priority

    The Covid-19 pandemic has been the biggest crisis to hit humanity since World War II. It has already cost us over 500,000 deaths and countless livelihoods. The impact on the economy has been extremely sharp. International financial institutions have projected a contraction of nearly 5% in global output in 2020, and a cumulative loss to global Gross Domestic Product (GDP) of around $12 trillion.

    How quickly the global economy recovers from what the International Monetary Fund has referred to as the “Great Lockdown” depends on how soon the pandemic is controlled. As India enters Unlock 2.0, our government’s efforts are geared towards further expansion of economic activity while not letting our guard down.

    We have been proactive in assessing and dealing with the challenges caused by the pandemic. Saving lives has been our foremost priority. On this count, while our caseload continues to be high, we have fared comparatively better than many other countries with a low death rate and high recovery rate. This can be attributed to early steps to protect and insulate people. The government has channelled public resources to the health care sector for the development of hospitals, emergency rooms, the provision of equipment and supplies, and training health care professionals.

    To deal with the economic challenges posed by the pandemic, Prime Minister (PM) Narendra Modi has enunciated a forward-looking economic approach under the rubric of the Aatmanirbhar Bharat Abhiyaan. The stimulus package of nearly Rs 20 lakh crore aims to both reinvigorate the economy and provide a social safety net to our vulnerable sections. The vision of Aatmanirbhar Bharat will stand on five pillars: Economy, infrastructure, our system, demography and demand.

    The Abhiyaan is aimed at not only mitigating the socioeconomic impact of the pandemic in the short-term, but also instilling confidence in businesses and industries; making manufacturing globally competitive; integrating our agriculture and small farmers with global food supply chains; and embracing both investment and technology. The size of the economic relief and stimuli measures under the Abhiyaan is equivalent to 10% of India’s GDP.

    Private sector participation has been given a big push in eight areas, including coal, minerals, defence production, civil aviation, power distribution, social infrastructure, space and atomic energy. The government is opening previously restricted sectors to greater private participation.

    The call for Aatmnirbharta is not about reverting to economic isolationism. Its essential aim is to ensure India’s position as a key participant in global supply chains. Through building capacities at home, we also intend to contribute to mitigating disruptions in global markets. It is important to identify products and commodities where India has the ability or potential to expand domestic production and enhance global availability. True, we cannot make everything — but we can certainly make many, many more things than we currently are.

    Global engagement and cooperation are critical to deal with the pandemic and ensure economic recovery. The PM took the lead in engaging world leaders for evolving a coordinated response. The PM also highlighted that during the pandemic, India had tried to live up to the teaching of seeing the world as one family, Vasudhaiva Kutumbkam, by sharing medicines with over 120 countries, forging a common response strategy with its neighbouring countries, and providing specific support to countries that sought it, while also protecting our own population.

    The pandemic has generated a debate about the future of globalisation and the structural limitations of the international order. Virtual summits of global leaders have been useful platforms to highlight shortcomings of existing arrangements for global cooperation, and to share India’s vision of a new, people-centric template for multilateral cooperation. This formed the thrust of PM’s interventions in the virtual summits of the G-20 and Non-Aligned Movement to cite two examples.

    The pandemic has disrupted diplomatic calendars causing almost all international meetings and summits to be cancelled. While face-to-face meetings with counterparts have traditionally been considered essential to resolve complicated issues or conduct difficult negotiations, diplomatic engagement cannot be allowed to stop in their absence. At the ministry of external affairs (MEA), we are attempting to find common ground between time-honoured diplomatic protocols and new-age Internet protocols. A crisis of this magnitude requires a coordinated global response, making sustained communication between countries all the more essential. The increase in tensions in different parts of the world, including on the Line of Actual Control between India and China, have only emphasised the criticality of continued communication. Diplomacy has to adapt to new situations.

    Virtual diplomacy has been complemented by efforts to deliver medical aid and assistance. This has included the supply of essential medicines, test kits and protective gear worth around Rs 82 crores to 89 countries. Even in these difficult times, India has remained dependable and responsive in living up to its international commitments.

    As health security and health supply chains move up on the priority lists of the world’s governments, India must prime itself to emerging opportunities. Indian diplomacy will support this process all the way. The MEA is actively engaged in promoting India as an alternative manufacturing and innovation destination.

    There are lessons we are learning in all contexts and domains — whether in diplomacy or the economy, whether in policymaking or in society. I am confident that they will serve to strengthen our systems, our resolve and our country as we put our current challenges behind us.



  • 13 Jul 2020 2:40 PM | Anonymous

    President's Message

    Pramod Goyal

    Return to Business as Usual?

    Gradually, Ontario is moving towards reopening its economy. As a temporary, necessary measure, the Ontario government ordered businesses to help stop the spread of COVID-19 by closing non-essential workplaces starting March 17, 2020. Already, almost the entire province has moved to Phase 2 (of the three-phased reopening process announced in earlier). Then, on July 8, all regions of the province were allowed to move in to Phase 2. This will enable small businesses, especially those in retail and dependent upon customers, to restart operations after nearly four months.

    The Indo-Canada Chamber of Commerce is organising an interactive session with Hon. Prabmeet Singh Sarkaria, Ontario’s Associate Minister of Small Business and Red Tape Reduction, 0n Thursday 16 July 2020 (see announcement below) to help our small business owner members to understand the implications of the reopening of the economy and the help that Ontario will offer to small business owners to overcome the teething troubles that they may face initially as they start opening their doors to customers.

    It remains to be seen how many of these businesses will actually be able to restart and function as they did before the pandemic and the lockout hit them out of the blue. Moreover, even for the ones that will restart, it will be an uphill task to remain in business and continue. Their success will depend upon the support of customers. It is not without reason that city municipalities are emphasizing to the people to help their local retailers by buying local.

    Read more: President's Message

    Programs & Events

     Register here:  Minister Sarkaria

    In the News

    Empowering the Vulnerable in a Pandemic: Ensuring Social Welfare in a Crisis

    Click on image to read about the initiative.

    • Pradeep Sood, former ICCC President, appointed President of Commonwealth Games Foundation of Canada Read here: CGFC
    • Vote for B. K. Sethi & Kanwar Dhanjal on RBC Top 25 Canadian Immigrant Awards. Vote here: RBC Top 25

    Insight

    Now is the time for a 'Great Reset'

    By Klaus Schwab

    Founder & Executive Director, World Economic Forum

    COVID-19 lockdowns may be gradually easing, but anxiety about the world’s social and economic prospects is only intensifying. There is good reason to worry: a sharp economic downturn has already begun, and we could be facing the worst depression since the 1930s. But, while this outcome is likely, it is not unavoidable.

    To achieve a better outcome, the world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions. Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed. In short, we need a “Great Reset” of capitalism.

    Read more: Insight

    Money Talk

    By Rakesh Vijay

    Ahh, the arrival of spring. After a long, hard winter, it’s a welcomed breath of fresh air. And for investors, it’s an opportunity to think strategically about your portfolios for the coming year, now that the tax planning and RRSP season are behind us. What better way to start than to do a portfolio spring cleaning?

    Update Your Investment Objectives

    Review and make note of any substantial changes that have taken place in your life that may affect the asset allocation strategy of your investment portfolio. During discussions with your financial advisor, identify any important lifestyle changes to see how they affect your current investment planning objectives. Family and health considerations, career shifts or business plans that have changed, major household expenditures, children’s education expenses that are now on the horizon—these are all factors that may change your tolerance of investment risk or the balance you want between capital preservation and growth.

  • 11 Jun 2020 7:00 PM | Anonymous

    President's Message

    Pramod Goyal

    How may we help you?

    Slowly, inexorably, we are on road to reopening the economy. The process of lifting the lockdown has commenced globally as the curve of the Covid-19 pandemic appears to have flattened in most parts of the world barring a few exceptions. But this is not a time for euphoric celebrations.

    On the contrary, it would help everyone if we don’t lose sight of the fact that the antidote to the virus is nowhere in sight. It is estimated that a vaccine of some sort may take at least 18 months, if not more. The federal and provincial governments are aware of this, and the easing of the lockdown is only because the feared overwhelming of the healthcare system has been averted in most parts of Canada.

    The lockdown of the economy was involuntary and a sledgehammer blow to many small businesses that led to irreversible changes in their fortunes. The reopening may not be as smooth as most small businesses may wish. This is because the new norms of physical distancing will entail substantial costs that many small businesses would not be able to afford.

    Our Chamber, which is the representative of Indo-Canadian small businesses, appeals to the federal and provincial governments to support small businesses in reopening. City administrations should be distributing free personal protection equipment, masks, gloves, and other preventive paraphernalia to small business owners, especially those in the retail sector and those who have a direct interface with customers.

    Read full message: How may we help you?

    In the News

    ICCC Joins Canada Business Resilience Network

    Indo-Canada Chamber of Commerce (ICCC) has joined Canadian Chamber of Commerce's Canadian Business Resilience Network (CBRN). The Canadian Chamber established CBRN to bring together a vast network of over 450 chambers of commerce and boards of trade, as well as over 100 business and industry associations – including the Business Council of Canada, Canadian Federation of Independent Business, Retail Council of Canada, and Canadian Manufacturers and Exporters – to help the business community prepare, persevere and prosper as we collectively face the COVID-19 pandemic.

    While welcoming ICCC to the CBRN, the Canadian Chamber said, “We are excited to welcome the Indo-Canada Chamber of Commerce to Canadian Business Resilience Network. Founded in 1977, the Indo-Canada Chamber of Commerce (ICCC) is a non-profit, non-partisan organization that works to foster individual initiative and to promote the business, professional and general well-being of Indo-Canadians.”

    Small Business Relief Fund

    Apply before 12 June 2020 8:00 PM ET

    As part of its Canadian Business Resilience Network campaign, the Canadian Chamber of Commerce, through the generosity of Salesforce, will provide 62 small Canadian businesses from coast to coast to coast with $10,000 grants to help their recovery efforts during these unprecedented times.

    Businesses can use the $10,000 grants to support their recovery efforts, including paying salaries, acquiring safety and personal protective equipment for staff, replenishing materials or paying for the measures required to adapt business models to the economic impacts of COVID-19.

    Small business owners put everything they have into their businesses, and these grants will help give a little bit back.

    For eligibility criteria and how to apply, click here: Small Business

    Covid-19: Indian Initiatives

    Atmanirbhar Bharat Abhiyan

    The Government of India (GoI) has taken many initiatives to deal with the health and economic impact of the COVID-19 pandemic. India’s Prime Minister Narendra Modi, in his address to the nation, has highlighted the importance of turning the crisis into an opportunity and reaffirmed his government’s commitment to build a self-reliant India.

    Since then, Finance Minister has announced a number of measures that have focused on incentivizing business and investment focused growth, enabling investment and trade reforms, and opening up India as an investment destination in minerals, defense, space, atomic energy, civil aviation, coal and agriculture sectors.

    Many initiatives have also been announced on boosting private sector investments, MSMEs, enhancing ease of doing business, a new public sector enterprise policy, relief measures of RBI to enhance liquidity and ease credit and working capital costs of various sectors and incentivize state level reforms.

    Here are two presentations “Atmanirbhar India - COVID-19 : Turning crisis into opportunity” & Atmanirbhar India – Sabka Saath, Sabka Vikas – COVID-19 Government of India support to all stakeholders. The first is aimed at informing the businesses and industry about the highlights of the initiatives, and the second highlights GoI package announced for the poor, support for rural economy, workers, and farmers.

    Download presentations: Atmanirbhar Bharat

    Analysing Covid-19 & the IT

    Vijay Thomas, Vice President, ICCC & CEO Tangentia Inc, made a splash in the media in Goa, featuring in television and print interviews, discussing the impact of Covid-19 pandemic on the economy and the IT sector

    Click on the images below to watch & read


    Programs & Events

    Thursday Talks - 10

    Covid-19 & Sports & Entertainment

    Register now: TT-10

    Watch live stream: www.facebook.com/ICCCONLINE

    Thriving in the new normal: BDC's free webinar

    The Business Development Bank of Canada (BDC) is organizing a free live webinar for entrepreneurs on June 15, on how to adapt your business to thrive in the new normal.

    During this webinar, BDC's experts will present a step-by-step approach to manage risks, create contingency plans and equip your business with a strategic vision that takes into account the changed landscape.

    The Canadian Chamber of Commerce will also share insights into its survey on Canadian business conditions as a result of the pandemic.

    When: June 15 ― 12:00 pm (EDT)

    Cost: Free

    Register now

    Webinar topics:

    How economic conditions have changed for Canadian businesses

    How to develop a clear strategic direction for your business

    Tools to evaluate your current strategic situation and develop a way forward

    Stories of entrepreneurs who have successfully transformed their companies

    The health and well-being of Canada’s entrepreneurs is BDC's top priority. To learn how they can support you through this challenge, visit bdc.ca/coronavirus

    Insight

    World Bank Global Economic Prospects

    Covid-19 to plunge world economy into worst recession since WWII

    5.2% shrinkage of global economy in 2020 will represent the deepest recession since the Second World War, with the largest fraction of economies experiencing declines in per capita output since 1870

    Read more: Insight


  • 11 Jun 2020 4:30 PM | Anonymous


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