If entry in North America is closed, India's startups will be hit
- The route of Canada has proved to be very useful in entering the North American market
- India is said to mean business, but just when there was a good gap in business with Canada, the business environment has collapsed due to the sourness in the diplomatic relations between the two countries...
- The Cold War between India and Canada may hit the import-export business between the two countries as well as the startup business. Canada used to be a great source of venture capital
India's global image has improved due to the strained relations with NEDA, but India will face a challenge on the issue of business-related startups. Because India's economy is intertwined with startups. There is a discussion going on in business circles on this important issue of startup.
Many people are ready to mediate in the Cold War between India and Canada, but no one is pro-Canada when it comes to supporting terrorists in the dispute.
not ready
India's trade relations with Canada and the system associated with startups may take a hit. India was called Means Business and when there was a good gap in business with Canada, the business environment has collapsed due to the sourness in the diplomatic relations between the two countries.
Indian startups used to get significant market support from America and Canada. The US market could be reached through fifteen free trade points granted to startups. Canada's route to reach the North American market has become very easy and useful for Indian startups.
Using Canada as a gateway to North America could be a major blow to Indian startup entrepreneurs looking to do business. Because 108 of India's startups are unicorn startups. The total wealth of which is 340.80 billion dollars.
A cold war between India and Canada can hit the import-export business between the two countries as well as the startup business. In the field of business, India's business circle had a gap in many ways with Canada. While the North American market was being penetrated via Canada at present, it was seen that entrepreneurs associated with Indian startups were making maximum use of that route. Currently, experts say that India's startups will not be affected much, but the startup ecosystem is worried about the fraying relationship with Canada.
Everyone doing business with Canada believes that if this crisis continues for a long time, India's long-standing trade relations with Canada will be lost. Canada's export business is also certain to be affected. Canada was creating a favorable environment for Indian startups. If you want to enter the North American market, the route of Canada proved to be very useful. Canada, which is known as the gateway to North America, signed 15 free trade agreements with 52 countries, which benefited Indian businessmen.
People involved in business are very clever. Those people are walking with time. These people know that it is not in anyone's interest for the dispute between India and Canada to go on for too long. So it's fun to keep quiet for a while, so no one comes forward to give much feedback.
The India-Canada dispute is a big blow for the rice startup as it could easily deal with North America. But now they have to create some alternative system. Indian startups used to set up base in Canada to connect with America. Canada's startup visa scheme showed Indian startups the direction of marketing in America, but now there is a discussion that they have to take the route of Mexico.
The Canada-US-Mexico trade agreement directly benefited Indian startups. India ranks third in the world in the ecosystem of startups. Controversy is difficult to sustain as nationalism is raging in India.
No one could have imagined that the diplomatic tension would also ignite business relations. India never takes steps that hurt its business, but relations with Canada after the death of a terrorist
were strained.
He says that due to the strained relations between India and Canada at present, Canada is going to suffer the most. However, the Indian government appears to be more interested in business than the Canadian government. Circles associated with startups say that the time is going to be very tough for startups who want to do business in America by making Canada as a base.
A startup called Visa Scheme wanted to create a business friendly environment for startups in India. However, it may not work now as the Canadian government will cease to cooperate. H-1B visa holders used to be able to get permanent residency in Canada but now there will be uncertainty about that.
The Canada-United States-Mexico Trade Agreement (CAFTA) was useful for trade with North American countries. Canada was more advantageous than the US because of its 15 free trade agreements benefiting business circles
was lifting
Millions of Indians have chosen Canada for education. But here it is important to talk about the possible loss of trade from strained relations with Canada. India enjoys the third largest startup ecosystem in the world. Canada used to be a great source of venture capital.
If the strained relations between Canada and India are not improved soon, the business of both the countries is going to suffer.
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