India Inc to invest $1bn in Canada, says Trudeau

Mumbai, February 20 

Canadian Prime Minister Justin Trudeau today said corporate India has committed $1 billion worth of investments in his country, which will create over 5,000 jobs.

Trudeau made the announcement after meetings with industry leaders, including Tata Group chairman N Chandrasekaran; Birla Group chairman Kumar Mangalam Birla; Mahindra group chief Anand Mahindra; Salil Parikh of Infosys, and Cyrus Mistry of the Pallonjee Mistry group, among others.

The Canadian premier also had a 90-minute roundtable with women business leaders, including ICICI Bank chief Chanda Kochhar and Swati Piramal of the Piramal Group, among others.

Briefing about his interactions with the Indian business leaders, he said prospects of Canadian investments in India were also discussed, especially the role played by the pension funds of Canada.

“We also spoke about Canadian companies investing in India, whether it is pension funds or others,” he said. — PTI