On one hand, Canada is giving shocks to India by changing policies and on the other hand, it is making huge investments in India. Amidst this tense atmosphere, Canada has invested crores of rupees in India. Canada Pension Plan Investment has given more than 500 million for two projects in the country. At the same time, it had promised to invest more than 400 million in two more projects in the last financial year.
On Thursday (23 May), CPP gave this information in a statement. CPP is a professional investment management organization, which manages the accounts of 2 crore 20 lakh beneficiaries of Canada Pension Plan. According to the statement, these investments have been made in National Highway Infra Trust (NHIT) and Enterprise Trust.
Multi-million dollar investment in India amid tension
On Thursday, Canada Pension Plan Investments (CPP Investments) said that it has also invested $217.13 million for NHIT and $394.78 million for Enterprise Trust. This investment has been made for 2023-24. NHIT is sponsored by the National Highway Authority of India.
According to the CPP statement, it also pledged an investment of $100 million in Kedara Capital Fund IV last fiscal year and another $300 million in another project.
After the murder of Khalistani terrorist Hardeep Singh Nijjar, Justin Trudeau has taken a tough stand against India. Nijjar was a Canadian citizen and Justin Trudeau alleges that India may have a hand in his murder. Since then, tensions between the two countries are increasing. Recently, Canada has increased the difficulties of Indian students and citizens by changing the immigration policy. Canadian Prime Minister Justin Trudeau has reduced the immigration permit by 25 percent. After this change, Indian students are being forcibly sent to India. Hundreds of students have taken to the streets to protest against this change.
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