New Delhi:Mahindra & Mahindra’s Canada based subsidiary: Amid rising tensions between India and Canada, Reson Aerospace Corporation, the Canada-based subsidiary of Indian auto giant Mahindra & Mahindra, has ceased to exist. From the timing of the move to its reasons, there is a lot of speculation on social media.
Mahindra & Mahindra said in a regulatory filing that it had received approval from the Government of Canada for the dissolution of Rayson Aerospace Corporation on September 20, 2023. After this the company ceased to exist and was no longer an associate of the company with effect from September 20, 2023.
Mahindra & Mahindra has not given any information about the reasons for this step. However, some experts believe that the move could be due to rising tensions between India and Canada.
In the last few months, there have been many disputes between India and Canada. One of these controversies relates to the murder of Hardeep Singh Nijjar, a Canadian citizen, in Canada in June. India has alleged that Indian intelligence agents were involved in Nijjar’s killing, while Canada has rejected these allegations.
Apart from this dispute, there is also tension between India and Canada on other issues like visa and trade. Due to these issues India has suspended visa services in Canada.
The demise of Mahindra & Mahindra’s Canada-based subsidiary is another sign of rising tensions between India and Canada. It remains to be seen how relations between these two countries develop in the future.
Mahindra & Mahindra’s Canada based subsidiary possible cause
There could be several possible reasons for the Canada-based subsidiary of Mahindra & Mahindra ceasing to exist. Some of these reasons include:
Business Reasons: Rayson Aerospace Corporation was a small company and was incurring losses. In such a situation, Mahindra & Mahindra may have decided to discontinue it.
Political reasons: Due to rising tensions between India and Canada, Mahindra & Mahindra may have decided to close its Canada-based subsidiary.
Other reasons: There may be other reasons for Mahindra & Mahindra closing its Canada-based subsidiary, about which there is no information yet.
Next Step
Mahindra & Mahindra has not issued any official statement after the closure of its Canada-based subsidiary. In such a situation, it remains to be seen what action the company takes on this matter in future.
india canada news
Tension has increased in relations between India and Canada in 2023. This tension is mainly due to the allegations made by Canada against India. Canada has alleged that India has supported Khalistan supporters living in Canada. India has rejected these allegations.
One of the reasons for tension is the statements made by Canadian Prime Minister Justin Trudeau against India in 2022. Trudeau had said that the human rights situation in India is worrying. He criticized the harassment of journalists and protesters in India.
Another cause of tension is the expulsion of former Indian ambassador Hardeep Singh Nijjar by Canadian authorities. Nijjar was accused of supporting Khalistan supporters living in Canada. India has described Nijjar’s expulsion as “unacceptable” and “inappropriate”.
The tensions have resulted in a decline in trade and tourism between the two countries. India has temporarily stopped visa applications from Canada. Canada has also increased scrutiny of visa applications coming from India.
Some important events between India and Canada in 2023
February 2023: Canadian Prime Minister Justin Trudeau criticized the human rights situation in India in statements made against India.
April 2023: Canadian authorities expelled former Indian ambassador Hardeep Singh Nijjar.
June 2023: India temporarily halts visa applications from Canada.
July 2023: Canada also increased scrutiny of visa applications coming from India.
September 2023: India issues a Foreign Ministry warning against Canada.
There is still uncertainty about the future of India and Canada relations. Tension between the two countries is expected to reduce, but it may take some time.
Udtagyani.Com provides information and education. There is an effort toward learning politics, entertainment, health, economics, computers, IT, and science. It is a free platform to learn analytics and make effective decisions
