IND-CAN relations effect
Due to the recent developments in IND - CANADA relationship, one of our client- a canadian bank that had its Transaction monitoring compliance function outsourced the Indian office of our American company suddenly pulled out of Indian office.
Any repercussions in your company or any other you heard of?
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These events have ripple effects over time.
During the time of CAA NRC protests in 2019, I was working at a premium real estate firm. They lost many Saudi based Indian clients who were interested in purchasing properties in Bangalore. Friends have moved out of the country as well over the years, even moved their businesses with them to USA, UK and Canada.
This is temporary and will keep happening between countries. I don’t think this will affect the business or companies relations.
