TORONTO, June 29, 2025 -- In light of renewed momentum in Canada-India relations, the Canada-India Business Council (C-IBC) is expanding its Advisory Council, following Prime Minister Narendra Modi's visit to Canada for the G7 Summit. This move underscores C-IBC's commitment to deepening bilateral commercial ties and strengthening the economic corridor between the two countries.

The expanded Advisory Council features a distinguished group of senior executives and global leaders with deep sectoral expertise. As Canada and India move toward closer economic cooperation, the Advisory will inform C-IBC's strategic direction and support efforts to enhance investment and trade.

"Prime Minister Modi's invitation and visit signifies a pivotal moment in the Canada–India relationship, and a timely opportunity to reframe our economic engagement," said Victor Thomas, President and CEO of the Canada-India Business Council. "India's trajectory toward becoming the world's third-largest economy requires that Canadian businesses seriously consider diversifying towards this significant growth market. Expanding the Advisory to include accomplished Indian business leaders will deepen our collective understanding of high-growth sectors and drive meaningful cross-border collaboration."

Originally established four years ago, the Advisory Council has played a pivotal role in guiding C-IBC's initiatives and policy advocacy. Its expansion to include prominent Indian executives signals a new era of bi-national leadership—one that reflects shared priorities, complementary strengths, and a common ambition to shape the future of Canada–India economic relations. 

New Advisory Council Members:











Chandrajit Banerjee



Director General, Confederation of Indian Industry (CII)



Ajay Bisaria



Senior Advisor, India, OMERS; Former High Commissioner of India to Canada 



Baljit Singh Chadha



President and Founder, Balcorp Limited



Sriram Iyer



Head – Deposit Products, Business Centre Processes and Service, Micro Market Strategy & Marketing, ICICI Bank



Michael McCabe 



Resident Director – North America, Tata Group 



Zia Mody



Co-Founder and Managing Partner, AZB & Partners



Deepa Nagaraj



Senior Vice President & Head – Sparkle Innovation Ecosystem and Communications, Mphasis



Chandran Ratnaswami    



Executive Vice Chairman, Fairfax India



Soumen Roy



Executive Director and Country Head – Canada, Tata Consultancy Services



Sudhir Sethi



Founder and Chairman, Chiratae Ventures



Natarajan Venkatram



Country Chair, CDPQ India; Former CEO of Deloitte India









Current Advisory Council Members:











Murad Al-Katib



President and CEO, AGT Foods



Christy Clark



Senior Advisor, Bennett Jones; Former Premier of British Columbia



Bob Dhillon



President and CEO, Mainstreet Equity Corp. 



Gordon Fyfe



CEO and CIO, British Columbia Investment Management Corp.



Tim Gitzel



President and CEO, Cameco



Goldy Hyder



President and CEO, Business Council of Canada



Joy Johnson



President and Vice-Chancellor, Simon Fraser University



Sukesh Kumar 



Partner and National Leader, India Practice in Canada, KPMG LLP



Rhonda Lenton



President and Vice-Chancellor, York University



Gordon McKenzie



President and CEO, Canpotex Limited



Anuj Ranjan 



CEO, Brookfield Private Equity Group and Brookfield Business Partners



Victor Thomas



President and CEO, Canada-India Business Council

Founded in 1982, the Canada-India Business Council (C-IBC) is the premier organization dedicated to strengthening the bilateral economic relationship between Canada and India. The Council remains committed to playing a constructive role in facilitating executive dialogue, enabling strategic partnerships, and contributing to the long-term prosperity of both nations.

Contact: For more information or to arrange an interview with the President and CEO, Victor Thomas, accredited media outlets may contact Danielle Muise at +1-416-214-5947.

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