Canada's mess with India will be costly, after Mahindra this company has now closed its business.

After the decision of veteran businessman Anand Mahindra to close his business in Canada, Canada has been shocked by another Indian company. Seeing the increasing controversy, another Indian company has slowed down the pace of its deals.

The India Canada dispute is increasing day by day instead of decreasing. The dispute that started over Khalistan has now started affecting the economy of both the countries. However, messing with India is going to be very costly for Canada. In fact, recently the Indian Government has also taken a strict stance towards Canada and has stopped visas for Canada till further orders. At the same time, Indian companies have also started their business in Canada. Due to which Canada has suffered a huge blow.

Veteran businessman Anand Mahindra also decided to close his business from Canada. Mahindra & Mahindra has closed the operations of its subsidiary company in Canada. Mahindra closed the operations of Canada based company Rayson Aerospace Corporation. After Mahindra & Mahindra, another Indian company has decided to close its business in Canada. India's JSW Steel Limited was going to deal with Canada's Tech Resources. Seeing the increasing controversy, the company has slowed down the pace of its deal.

JSW Steels slows down deal pace

In view of the increasing tension between Canada and India, Mahindra & Mahindra has ended its partnership with Canadian firm Rayson Aerospace Corporation. At the same time, after Mahindra, now another Indian company has slowed down the pace of buying stake in a Canadian company. Actually, India's JSW Steel Limited was going to do a deal with Canada's Tech Resources. Which has now been slowed down by the company.

JSW is going to buy stake in the steel manufacturing unit and coal unit of Canadian company Tech Resources, but amid the increasing tension between the two countries, the company has slowed down this deal. According to Reuters report, the company is waiting for the tension between the two countries to reduce.

TCS to Wipro have invested billions

According to Reuters, 30 Indian companies like India's leading tech firms TCS, Infosys, Wipro have invested billions of dollars in Canada. Because of these companies, a large population in Canada has got employment. Canada's largest pension fund has invested Rs 1.74 lakh crore in India alone. The company had made this investment keeping the long term in mind.

In such a situation, if the tension between the two countries increases, then Canada's problems will increase. Which will affect the import and export of both the countries. According to Invest India, from April 2000 to March 2023, Canada has invested approximately $3306 million in India. Apart from this, India is the ninth largest business partner of Canada. In such a situation, messing with India will be very costly for Canada.