With a nominal GDP of USD 2 trillion, Canada's economy ranks the ninth largest globally. It is unsurprising that Canada is one of the leading economies in the world. Given its proximity to sea routes, modernized cities, top-ranked educational institutions, access to the U.S. market, and growing industrial and service sector. Over the years, Canada has also grown in popularity as a preferred immigration destination and international business hub.
That said, Indians represent a significant percentage of immigrants to Canada in economic categories, including skilled employees, entrepreneurs, self-employed, investors, and provincial candidates. For its part, the Canadian government has streamlined the application process for working visas for tech professionals and offers a clear path to permanent residence. Canada's new multi-year immigration levels plan aims to ease the challenges of an aging workforce and a dwindling labor force. Canada is anticipated to boost legal immigration to 350,000 per year in 2021. The country is benefiting from a diversion of Indian entrepreneurs from the U.S. due to the challenges of obtaining and renewing H-1B visas and finding a reliable route to permanent residence. Additionally, hundreds of Indian high-tech experts are leaving the United States for Canada due to better immigration policies designed to protect domestic workers in the United States.
This edition of the S.I. Tech Canada 2022 review brings into the spotlight some compelling stories of Indian entrepreneurs who have taken the industry by storm. It features a combination of thought leadership articles from Murali Bandaru, EVP/Chief Information and Digital Officer, American Tire Distributors, and Rajeev Kaul, Corp Vice President, McDonald's, with real-life stories on fostering robust partnerships and exclusive insights from CIOs and CXOs. It also brings you the stories of the most promising technology companies founded and managed by Indians in Canada in 2022, like ClarityTTS and MSP. ClarityTTS provides the most accurate and cost-effective Single API Solutions for fast-growing travel businesses worldwide. MSP uses strong tool sets and business support services to drive technology and performance for its MSP partners.
This edition will assist you in choosing the right technology companies according to your requirements. We present to you the 20 Most Promising Technology companies founded and managed by Indians in Canada - 2022.
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