While Tim Hortons and McCain Foods might have the biggest brand recall when it comes to Canadian businesses in India, Canadian investments in the country go far beyond coffee chains and frozen snacks. Canadian pension funds, asset management companies, and financial services and insurance players are invested in key sectors of India’s economy, including financial services, financial technology, infrastructure, real estate, information technology and energy, among others.
According to the National Investment Promotion & Facilitation Agency, or Invest India, Canada is the 18th-largest foreign investor in India with a cumulative investment of $3.31 billion from 2020-21 to 2022-23. Canadian investments accounted for 0.5 per cent of the total foreign direct investment (FDI) inflows into India. Services and infrastructure together accounted for close to 41 per cent of Canadian FDI into India.
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