THE SUSPENSION OF visa operations by India for Canada would not have a major impact on the bilateral trade in the medium or long term or disrupt investments, according to officials and trade experts.
"Most of the orders, unless a supplier is new, are now being placed online. For new entrepreneurs who want to start exporting to Canada, there will be a challenge as buyers may not be able to travel.
Rest of the exports will continue (unaffected)," director general and chief executive officer of the Federation of Indian Export Organisations Ajai Sahai said.
In the short term, travel of businessmen could be constrained, but it would not have any pronounced impact on trade, founder of Global Trade Research Initiative Ajay Srivastava said, citing the fact that the border stand-off with China hasn't dented trade with the neighbour. "One or two months of frenzy does not impact trade ties," he added.
A senior government official said even the investment ties are unlikely to be undermined by the stand-off. "They (Canadian Investors) are here because they are making higher returns here... So, I don't see any reason for them to back out because of the current situation, which hopefully we will sort out," the official said. "I don't see any immediate impact on Indian investments into Canada either."
This story is from the September 23, 2023 edition of Financial Express Mumbai.
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This story is from the September 23, 2023 edition of Financial Express Mumbai.
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