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You are here: Home World Business India asks Canada to liberalize its visa regime

India asks Canada to liberalize its visa regime

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Toronto: India has asked Canada to liberalize its visa regime to achieve the goal of increasing bilateral trade to $15 billion annually in the next three years.

“This is one of the key issues being discussed at seventh round of negotia-tions toward a comprehensive economic partnership agreement scheduled in New Delhi from February 5 to 7,” Indian High Commissioner  to Canada Nirmal Verma said.

Both Canada and India have set a target of taking the annual bilateral trade volume to $15 billion by 2015 from $5 billion at  present.

He said visa laws are among some issues, which are substantially discouraging influx of genuine Indian investors, professionals, and businesses to Canada.

Asserting that India can become an anchor of stability and opportunity for global economy, Verma said New Delhi sees new and exciting possibilities in working together with Canada.

Inviting Canadian investment in the country, Verma said the government plans to invest over $1 trillion in next five years for infrastructure development alone.