India and Canada bilateral trade stands very low at USD 4 bn

 Hyderabad: Indo-Canada Chamber of Commerce (ICCC) President Arvind Bharadwaj on Tuesday said the trade between India-Canada is just US $ 4 billion, which is abysmally low and there is a great opportunity to double or triple it.
Addressing an Interactive meeting on Trade and Business Opportunities between India-Canada held at FTCCI here, Arvind said China is going slow because of their own problems while Cambodia, Bangladesh, Hongkong and Taiwan are growing big in terms of bilateral trade.
We see a huge opportunity for India to explore, he said and added that ICCC is a 45-year-old trade body, leads a business delegation to India as part of India’s mission continuously for the past many years.
Two Indian communities – Punjabis and Gujaratis used to dominate in Canada, but now things changed and diaspora from across India got into trade in Canada, he informed and said the delegation toured Maharashtra, Bangalore and now in Hyderabad and will visit Delhi.
The mission of the trade delegation was to explore areas for bilateral trade and cooperation and build business to business relations, Arvind said.
India is a growing and robust economy. Its strong young population must be used to its advantage, he added.
In his welcome address, FTCCI President Anil Agarwal, said the relationship between the two countries goes a long way and shared democratic values and strong people to people relations.