Torys has been active in the growing volume of business between Canada and India—both inbound and outbound—particularly in the financial institutions, mining, technology/BPO and life sciences sectors. We have advised Indian companies on mergers and acquisitions (for example, Aditya Birla Group, one of India’s largest business houses), and on the establishment of business operations and opportunities in Canada (for example, ICICI Bank, the largest private bank in India, and a major Indian outsourcing corporation).
We have been engaged in advising a major Indian multinational on proposed activities in Canada; a large Canadian financial services entity in a major outsourcing agreement with an India-based global IT and BPO services company; and a Canadian client on the establishment of a prospective Canada-based infrastructure fund dedicated to investment in India. Our engagements have involved significant tax, corporate and regulatory advice.
Several of Torys’ clients have business operations in India or are actively exploring or considering investment or business opportunities in India. In that context, we have developed and are developing relationships with Indian law firms, investment banks and other service providers.