The Prime Minister, Shri Narendra Modi, today had extensive interactions with Canada's business community in Toronto.
In his remarks during a meeting with 30 influential members of the business community, the Prime Minister described the relationship between Canada and India, as a bonding of capabilities and possibilities - saamarthya aur sambhaavnaayein. He said if capabilities and possibilities came together, they could together scale new heights. He urged Canadian businesses to explore new avenues in India, and spoke about the range of decisions taken by the Indian Government over the last ten months, to boost investment. These include raising FDI caps in Railways and Insurance, the Smart Cities initiative, the Clean Ganga initiative, and solid waste management and waste water treatment in 500 cities and towns.
The Prime Minister said that the combination of democracy, demography and demand make India the most suitable location for Canadian companies to expand their businesses.
Earlier, the Prime Minister interacted over breakfast with major Pension Fund Managers of Canada. He assured investors of a predictable and stable tax regime. He also had a separate meeting with Mr. Tim Wiseman, CEO, Canada Pension Plan Investment Board.