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Over $2 Billion Has Been Invested By The Canada Pension Fund In 9 New-Age Indian Firms

ByNishat Manzar

Sep 22, 2023

Canada Pension Fund: In addition to investing in modern businesses, CPPIB has also done so in established ones like Kotak Mahindra Bank, ICICI Bank, Infosys, and Wipro.

“Exercise utmost caution” when visiting Canada, India has advised its people.

As tensions between the two nations rise after Canadian Prime Minister Justin Trudeau’s assertion that the Indian government may have been involved in the death of Khalistani rebel Hardeep Singh Nijjar, trade negotiations between India and Canada have come to a complete standstill.India has denied the charge as absurd.

The previous four days’ events, which included tit-for-tat diplomatic expulsions, have caused the two sides’ relationship to reach an all-time low, raising questions about economic ties as well.

Canada Pension Fund:

A large number of investments in Indian businesses have been made by the Canada Pension Plan Investment Board (CPPIB), which invests money from the Canada Pension Plan (CPP) to produce profits. These consist of modern businesses like Acko and Zomato.

In addition to investing in new-age businesses, CPPIB has also made investments in established Indian businesses including Kotak Mahindra Bank, ICICI Bank, Infosys, Wipro, and many more. Several equities held by CPPIB have already experienced losses. 

India has advised its nationals to “exercise utmost caution” while in Canada, so uncertainty lurks. The travel advice was apparently denied by Canada.  On September 21, there were allegations that India had stopped providing Canadians with visas, but later that day, a segment of the media said that the company in charge of the service had retracted the suspension notice.

There is little question that India’s ties with Canada are in a fast slide, which has various firms and investors anxious. Confusion may reign over the visa process.

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