Canada-India Business Council

Canada-India Business Council

October 07, 2011 08:00 ET

The Canada-India Business Council Annual Diwali Gala Celebrates the Year of India in Canada With Mr. Prem Watsa, Mr. Shashi Tharoor and Mr. Don Stewart

TORONTO, ONTARIO--(Marketwire - Oct. 7, 2011) -

Editors Note: There is a photo associated with this press release.

2011 is the Year of India in Canada, which celebrates the important trade, business and cultural ties between the two countries and the hopes for this relationship going forward.

Rana Sarkar, the President and CEO of the Canada-India Business Council adds that, "We are in a new global environment where Canada's long term prosperity and security depends on our ability to innovate alongside India, becoming a country known not simply for our resources, but for our resourcefulness. This evening, at the annual Diwal Gala, I am particularly delighted to celebrate many of the business leaders that are helping to realize this vision."

At this year's Diwali Gala, the Canada–India Business Council (C-IBC) was pleased to feature three speakers that best illustrate this relationship.

Mr. Prem Watsa, the keynote speaker, has been dubbed the "Canadian Warren Buffet." Mr. Watsa is the founder, chairman and chief executive of Fairfax Financial Holdings. Driven by the enormous potential offered by India's insurance market, Fairfax recently launched a joint venture with an Indian financial institution.

The guest speaker was Mr. Shashi Tharoor, an award-winning author, peace-keeper, refugee worker, human rights activist and member of the Indian Parliament. An internationally known speaker, his insight and knowledge of India's recent shift and future prospects in globalization and international politics are highly sought after.

C-IBC was also pleased to announce that Don Stewart, CEO of Sun Life Financial, was presented with this year's Lifetime Achievement Award.

C-IBC is committed to promoting business and investment between Canada and India by supporting public and private sector efforts to deepen the relationship between corporate and institutional Canada and their Indian counterparts.

The Canada–India Business Council:

The Canada–India Business Council (C-IBC) was founded in 1982 by the Bank of Nova Scotia, Bombardier and the late Thomas Bata. For almost 30 years, C-IBC has been the leading, bi-national member driven association dedicated to the sustained growth of trade, investment and services between Canada and India. C-IBC works to assist Canadian corporations by offering knowledge, experience and insight on bilateral trade and investment opportunities. With over 100 members, the C-IBC represents the leading companies in the Canada-India business corridor.

C-IBC is governed nationally by a Board of Directors which is comprised of senior executives from Canada's leading organizations as well as leaders from both small and medium-sized enterprises.

C-IBC is headquartered in Toronto with operations in Delhi, Vancouver and Montreal.

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Contact Information

  • To arrange an interview or for further information, pictures
    or video footage from the event:
    The Canada-India Business Council
    Emily Hamilton, Communications & Research Coordinator
    416-214-5947 x26