India-Canada Rift Bad for Business; IT Firms May Struggle to Land New Deals | In the News

Experts from the IT industry have warned that deteriorating India-Canada relations could adversely affect the ability of Indian IT services companies to secure new deals, according to a report in Financial Express (FE).

Peter Bendor-Samuel, CEO of Everest Group, was cited in the FE report as stating, “At this moment, it’s a mild frustration. However, if the situation persists, it will initially impede Indian-based firms from winning new business and could eventually lead firms with ongoing business in India to consider relocating it to another country.”

Read more in Business Standard.

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