He also highlighted that fact that Indians are among the top countries contributing to the permanent residencies in Canada. Over 32000 Indians were given permanent residencies in the North American country in the year 2016 and over 39000 Indians were given PR status by Ottawa in the year 2015.
Champagne also added saying that trade between India and Canada would create growth and create jobs and hence India and Canada are looking to set a joint frame for Comprehensive Economic Partnership Agreement(CEPA) and would be looking at concluding on a investment protection treaty soon.
There are 19 MPs from Indian origin in the Canadian Parliament, a few of which includes the top cabinet ministers. Over 3.8% Indians contributed to the Canadian population and Canada seems to become one of the favorite destinations for Indian students.
The meeting of Mr. Champagne with commerce minister Nirmala Sitharaman and finance minister Arun Jaitley reported the stats of trade between India and Canada which rose to $6.2 billion in the year 2015-16 from $4.8 billion from in the year 2012-13.
Canada has become one of the biggest source of investments over the last two years to India which even includes the investment on pension funds.
During this fifth visit to India in the last seven months Champagne significantly showcase the strong relation ties between India and Canada. Champagne during this visit to India said: “Two-way trade and foreign direct investment figures between Canada and India have increased dramatically in the last couple of years and we expect this trend to continue well into the future. US-Canada bilateral trade on a daily basis is $ 2.4 billion. Indo-Canadian trade should also try to set such ambitious figure.”