“From India to Canada: Economic Impact and Engagement” is the first known attempt to capture Indian Industry’s growing Canadian presence in order to highlight the contributions of Indian companies to the competitiveness of the Canadian economy in the form of FDI, jobs created and saved, and funding for research and development as well as local corporate social responsibility initiatives.
Key takeaways from the report:
*Together, 30 Indian companies employ approximately 15,000 people across 8 provinces
*The total value of tangible investments made by these 100 companies exceeds CAD $6.6 billion
* Collective R&D expenditure by Indian companies in Canada is more than CAD $700 million, with 85% of those surveyed anticipating increased funding for future innovation activities
*100% of participating companies plan to invest more in Canada in the next five years, and 96% plan to hire more employees