Fairfax Financial Holdings Ltd Chairman and Chief Executive Officer Prem Watsa, considered the Canadian equivalent of legendary American investor Warren Buffett, is the prime mover behind the inaugural Invest India Conference.(REUTERS)
Fairfax Financial Holdings Ltd Chairman and Chief Executive Officer Prem Watsa, considered the Canadian equivalent of legendary American investor Warren Buffett, is the prime mover behind the inaugural Invest India Conference.(REUTERS)

Canadian investment guru Prem Watsa to launch first Invest India Conference

Watsa, considered Canada's version of Warren Buffett, is organising the conference in Toronto to bring a renewed sense of urgency into bilateral economic ties which have been lagging recently.
By Anirudh Bhattacharyya | Hindustan Times, Toronto, Toronto
UPDATED ON SEP 03, 2017 11:46 PM IST

Indo-Canadian investment guru Prem Watsa, considered the Canadian equivalent of legendary American investor Warren Buffett, is launching a new initiative this week to bring a sense of urgency to economic ties between India and Canada.

The chairman and CEO of the Toronto-based Fairfax Financial Holdings Ltd is the prime mover behind the inaugural Invest India Conference scheduled for September 8. Among those expected to attend are Canada’s foreign minister Chrystia Freeland, Infosys chairman Nandan Nilekani and NITI Aayog CEO Amitabh Kant.

“This occasion will be a seminal moment in the deepening of Canada-India economic relations. Much has been accomplished but far more needs to be done,” Watsa said in his invitation letter for the meet.

He said the conference is “meant to lay the foundation for a forward-looking agenda that promotes the flow of investment both ways-into Canada and India.”

The event is being executed by the Canada-India Business Council or C-IBC, headquartered in Toronto.

Kasi Rao, C-IBC’s president and CEO told the Hindustan Times: “This is an important moment in the Canada-India economic relationship mainly because while much has been done, we are starting from a low base. Therefore, the impetus for creating further momentum in terms of urgency around this file is what makes this, I think, a seminal event.

Indian High Commissioner Vikas Swarup felt the conference “will provide a much needed focus on the business and investment potential between India and Canada.”

Swarup, who will be present there along with his Canadian counterpart in New Delhi Nadir Patel, added, “We couldn't have had a better icon than Prem Watsa spearheading the conference as he is someone intimately familiar with the business environment in both India and Canada and the sectors of greatest promise. We hope this becomes an annual event to catalyse the India Canada economic partnership.”

Rao said this invitation-only conference will feature “a curated audience of prominent India watchers, as well as people from Bay Street (Toronto’s version of Wall Street) and corporate Canada.”

Trade between the two countries is at an underwhelming $8 billion, though Canadian institutional investment into India is at over $12 bn. The effort will be to bring back vigour at the government-to-government level, particularly with free trade and economic partnership agreements still being negotiated over years.

“In a world where you see a lot of inward-looking initiatives coming to bear, again Canada and India stand out for their outward looking focus on relationships. In that sense, Canada and India are very much natural partners beyond the profoundly important aspects related to democracy, rule of law and the like,” Rao pointed out.

Watsa’s championing of the engagement will bring some muscle into the process. As Rao said, “The modesty of the numbers, I would say, is a reflection of the past and not the promise of the future.”

SHARE THIS ARTICLE ON
Close
RBI says investments in shadow banks from FATF non-compliant jurisdictions shall not be treated on a par with that from compliant jurisdictions.mint(MINT_PRINT)
RBI says investments in shadow banks from FATF non-compliant jurisdictions shall not be treated on a par with that from compliant jurisdictions.mint(MINT_PRINT)

RBI to conduct simultaneous purchase, sale of securities for 15,000 crore

By hindustantimes.com | Written by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 08:59 AM IST
The decision for the purchase and sale of the securities was taken after a review of current liquidity and financial conditions.
Close
While OPEC+ is still widely expected to revive some of the 7 million barrels a day they’ve idled, a preliminary meeting of ministers earlier in the day didn’t get into specifics.(REUTERS)
While OPEC+ is still widely expected to revive some of the 7 million barrels a day they’ve idled, a preliminary meeting of ministers earlier in the day didn’t get into specifics.(REUTERS)

OPEC+ silence has oil market second-guessing next supply move

Posted by Prashasti Singh | Bloomberg
PUBLISHED ON MAR 04, 2021 06:17 AM IST
Saudi Arabia and Russia, leaders of group, held bilateral talks on Wednesday, seeking common ground as Riyadh urges caution and Moscow presses to raise output, a delegate said.
Close
Including stores in its theme parks and those owned by others, the company has about 600 retail locations globally. Disney is also evaluating the shutdown of European stores as it rethinks its retail strategy. (Representational Image)(Unsplash)
Including stores in its theme parks and those owned by others, the company has about 600 retail locations globally. Disney is also evaluating the shutdown of European stores as it rethinks its retail strategy. (Representational Image)(Unsplash)

Disney to shut 60 North American stores, 20% of global total

Posted by Prashasti Singh | Bloomberg
UPDATED ON MAR 04, 2021 05:48 AM IST
The company has about 300 Disney stores now, a number that has shrunk dramatically over the years as the world’s largest entertainment company experimented with different ways to get its merchandise to fans.
Close
Six Indian universities were featured in QS’s Environmental Sciences ranking, with IIT Bombay and IIT Kharagpur (151-200) attaining top-200 positions.(PTI)
Six Indian universities were featured in QS’s Environmental Sciences ranking, with IIT Bombay and IIT Kharagpur (151-200) attaining top-200 positions.(PTI)

25 courses by Indian varsities in top 100

By Prashant K Nanda, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 02:09 AM IST
  • Indian Institute of Science in Bangalore retained its ranks for Materials Science (78th) and Chemistry (93rd).
Close
Vaccines administered at government health facilities will be free, while private facilities cannot charge over <span class='webrupee'>₹</span>250 per dose, the government has said.(File Photo / REUTERS)
Vaccines administered at government health facilities will be free, while private facilities cannot charge over 250 per dose, the government has said.(File Photo / REUTERS)

Infy, Accenture to cover jab cost for Indian staff

Reuters, Bengaluru
PUBLISHED ON MAR 04, 2021 12:21 AM IST
  • India’s vaccination campaign ramped up on Monday, with people above the age of 60, and individuals 45 or older suffering from certain medical conditions, now eligible for shots.
Close
Advances in aggregation, anonymisation, on-device processing and other privacy-preserving technologies offer a clear path to replacing individual identifiers, Google said.(REUTERS)
Advances in aggregation, anonymisation, on-device processing and other privacy-preserving technologies offer a clear path to replacing individual identifiers, Google said.(REUTERS)

Google looks to test interest-based user tracking

By Saumya Tewari, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 12:17 AM IST
  • The company, which relies heavily on digital advertising using user data, said it will not track individual-level data such as personally identifiable information (PII) graphs based on people’s email addresses.
Close
Worryingly, however, employment declined for the third month in a row, and companies noted the sharpest rise in overall expenses for eight years.(iStock)
Worryingly, however, employment declined for the third month in a row, and companies noted the sharpest rise in overall expenses for eight years.(iStock)

Services expand at fastest rate in a year in Feb

By Asit Ranjan Mishra, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 12:10 AM IST
  • In comparison, PMI for the manufacturing sector had fallen marginally to 57.5 in February from 57.7 a month ago, data released on Monday showed.
Close
The GST Council is chaired by the Union finance minister and has finance ministers of states as its members.(File Photo)
The GST Council is chaired by the Union finance minister and has finance ministers of states as its members.(File Photo)

GST Council to fix inverted duty anomaly soon

By Rajeev Jayaswal, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 12:03 AM IST
  • The Council is expected to meet this month, but a date is yet to be finalized, the first person said.
Close
In an interview with Mint, Jalan had earlier said that the ministry had assured the consortium that whatever slot is required will be made availab(File photo: Mint/ Abhijit Bhatlekar)
In an interview with Mint, Jalan had earlier said that the ministry had assured the consortium that whatever slot is required will be made availab(File photo: Mint/ Abhijit Bhatlekar)

Jet owner must apply for fresh airport slots, say authorities

By Rhik Kundu, Hindustan Times, New Delhi
PUBLISHED ON MAR 03, 2021 11:56 PM IST
  • Lawyers representing the consortium had earlier insisted that DGCA and the aviation ministry must follow the principle of historicity and grant slots to the revived Jet Airways.
Close
The company also plans to introduce at least five new passenger vehicle models next year to drive sales, the people said.(Reuters)
The company also plans to introduce at least five new passenger vehicle models next year to drive sales, the people said.(Reuters)

Maruti targets record production

By Malayaban Ghosh, Hindustan Times, New Delhi
PUBLISHED ON MAR 03, 2021 11:50 PM IST
  • The Suzuki Motor Corp. unit has told its suppliers about its strategies, asking them to ramp up production, the people cited above said on condition of anonymity.
Close
In other regions of Asia, too, markets ended higher, with Hong Kong’s Hang Seng index, China’s Shanghai Composite, Japan’s Nikkei 225 and South Korea’s Kospi climbing 0.5-3%.(Bloomberg)
In other regions of Asia, too, markets ended higher, with Hong Kong’s Hang Seng index, China’s Shanghai Composite, Japan’s Nikkei 225 and South Korea’s Kospi climbing 0.5-3%.(Bloomberg)

Stocks soar over 2% on global rally amid growing optimism

By Nasrin Sultana, Ashwin Ramarathinam, Hindustan Times, Mumbai
PUBLISHED ON MAR 03, 2021 11:49 PM IST
  • The BSE Sensex gained 1,147.76 points or 2.28% to end at 51,444.65, while the Nifty surged 326.50 points or 2.19% to close at 15,245.60
Close
Data available till January end showed this class of tax filers, the biggest chunk of all tax filers, shrank 6.6% from a year ago.(Representational photo)
Data available till January end showed this class of tax filers, the biggest chunk of all tax filers, shrank 6.6% from a year ago.(Representational photo)

Salaried class shrank in FY20

By Gireesh Chandra Prasad, Hindustan Times, New Delhi
PUBLISHED ON MAR 03, 2021 11:45 PM IST
  • For those filing returns for FY20 in form ITR-1—people with income from salaries, one house property and farm income up to 5,000—the last date for filing was January 10, 2021.
Close
A pedestrian wearing her facemask walks past a closed sign hanging on the door of a small business in Los Angeles, California on November 30, 2020. (AFP File Photo )
A pedestrian wearing her facemask walks past a closed sign hanging on the door of a small business in Los Angeles, California on November 30, 2020. (AFP File Photo )

Bank of America says US economy is hurt by a lack of workforce diversity

Bloomberg
PUBLISHED ON MAR 03, 2021 11:13 PM IST
“Rule 101 of investing is to diversify investment capital to maximize returns, so why don‘t we do the same with human capital?” an analyst said in a report.
Close
HDFC said customers who have good credit histories can avail new loans at 6.75%. (Abhijit Bhatlekar/ Mint)
HDFC said customers who have good credit histories can avail new loans at 6.75%. (Abhijit Bhatlekar/ Mint)

HDFC reduces interest rates on home loans

By hindustantimes.com, Hindustan Times, New Delhi
PUBLISHED ON MAR 03, 2021 09:44 PM IST
  • HDFC also outlined that the changes will affect customers who currently have availed home loan benefits from the lender.
Close
Pulkit Vij
Pulkit Vij

Pulkit Vij of Kamal Associates carries forward father’s ‘budget housing' dream

By HT Brand Studio
PUBLISHED ON MAR 03, 2021 07:09 PM IST
Even during the Covid-19 pandemic, the market continued to grow for Pulkit’s business because of their resolution to provide “Apna Ghar, Sabka Ghar”, which he treats like a daily mission.
Close
SHARE
Story Saved
OPEN APP