Indians are increasingly choosing Canada as their overseas destination – be it for studies, work or vacation plans. Though there are millions of immigrants in Canada of Indian-origin, the investments of Indians to Canada are not on par with the rising Indian Diaspora in the nation.
Nevertheless, the gradual increase of investments by Indians is now being witnessed by the economy of Canada, quotes Times of India.
The chief reason for the success of Canada is the stability of its economy and this is the decisive factor that is attracting investments from all over the globe to this nation. Canada is considered to be a safe haven investment destination for the hard-earned money of the investors and it remains a rock-hard base of future prosperity and growth.
Canada is one among the top destination for investment amongst the G7 nations securing the fourth place in the global rankings for best destinations for making investments. This is as per the Business Environment ranking report of the Economist Intelligence Unit.
Canada must be considered by the investors from India and specifically the Ontario province as the hub of their entrepreneurial activities in the region of North America. Canadians are very familiar with investments made by Indians in UK’s automotive sector. When Tata had purchased the Land rover and Jaguar, Canadians in Ontario were actively discussing the Indian investments.
Ontario is the focus of industries in the automotive sector and caters to services of automobile manufacturing of the top nations in the sector and for car manufacturers such as Toyota and Hyundai from Japan.
People of Canada are very familiar with the successes of India in the information technology sector. The growth of software industry in India has made a major impact on the mindsets of Canadians.
Investors from India must consider Canada as the destination for their long-term investments. Ontario is one such province which can be considered by the Indian investors in the backdrop of some of the investments that have been already made by Indians. To mention a few, investments have been made in the IT sector by Wipro, Satyam, and Mahindra and in energy and steel by Essar group.
Indian aspiration of becoming a global power is also one reason why Indians must make a strategic investment in a developed nation such as Canada.
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