LONG SAULT – Despite a recommendation from the Conservation Review Board not to do it, South Stormont has stripped the heritage designation of the Raisin River Heritage Center in St. Andrews West.
Council agreed Wednesday to remove the designation under the impetus that removing it would cut red tape and open the door to less restrictive private sector investment.
The building, behind St. Andrews Catholic School, was closed in 2017 after it was considered unsafe. The township has estimated that it would take over $1 million to repair it.
Parks and Recreation Director Kevin Amelotte also explained that if the designation wasn’t removed now, it wouldn’t be able to be removed later because provincial legislation is changing that would make the review board’s decision final.
With the designation removed, the township is also going out for a final public expression of interest to see if someone will buy and renovate the century building that was a Roman Catholic convent and boarding school.
Amelotte said they had meetings with those opposed to removing the designation on Tuesday, before the Wednesday council meeting. “They did have some questions but again I feel they are working hard on their end but don’t have a proper business plan yet or an idea that works along what the board (Catholic school board) is looking for.”
CAO Debi LucasSwitzer says it will have to be a solid business case.
“It has to be a clear business plan. A hope isn’t going to work for us on a go-forward basis. It must be clearly set out in terms of the revenue, in terms of the expenses…and how they propose to be sustainable,” she said.
Amelotte added that they’ve received an idea in “half an email” with a $1 land transfer request but South Stormont has a responsibility to make sure someone doesn’t destroy it and then hand it back to the municipality. The township has had “six to eight” requests in the past from people who are “local within SD&G, as close as Ottawa.”
“We can’t keep asking people to send in emails with an idea. We need an actual business plan that we can review and be comfortable with and the school board endorses and move that forward,” Amelotte added.
The expressions of interest process is expected to take at least six months but any decision won’t happen until after the October municipal election.
Tense diplomatic relations may not impact trade, investment ties between India, Canada: Experts
NEW DELHI: The tense diplomatic relations between India and Canada are unlikely to impact trade and investments between the two countries as economic ties are driven by commercial considerations, according to experts. Both India and Canada trade in complementary products and do not compete on similar products.
“Hence, the trade relationship will continue to grow and not be affected by day-to-day events,” Global Trade Research Initiative (GTRI) Co-Founder Ajay Srivastava said.
Certain political developments have led to a pause in negotiations for a free trade agreement between the two countries.
On September 10, Prime Minister Narendra Modi conveyed to his Canadian counterpart Justin Trudeau India’s strong concerns about the continuing anti-India activities of extremist elements in Canada that were promoting secessionism, inciting violence against its diplomats and threatening the Indian community there.
India on Tuesday announced the expulsion of a Canadian diplomat hours after Canada asked an Indian official to leave that country, citing a “potential” Indian link to the killing of a Khalistani separatist leader in June.
Srivastava said these recent events are unlikely to affect the deep-rooted people-to-people connections, trade, and economic ties between the two nations.
Bilateral trade between India and Canada has grown significantly in recent years, reaching USD 8.16 billion in 2022-23.
India’s exports (USD 4.1 billion) to Canada include pharmaceuticals, gems and jewellery, textiles, and machinery, while Canada’s exports to India (USD 4.06 billion) include pulses, timber, pulp and paper, and mining products.
On investments, he said that Canadian pension funds will continue investing in India on grounds of India’s large market and good return on money invested.
Canadian pension funds, by the end of 2022, had invested over USD 45 billion in India, making it the fourth-largest recipient of Canadian FDI in the world.
The top sectors for Canadian pension fund investment in India include infrastructure, renewable energy, technology, and financial services.
Mumbai-based exporter and Chairman of Technocraft Industries Sharad Kumar Saraf said the present frosty relations between India and Canada are certainly a cause for concern.
“However, the bilateral trade is entirely driven by commercial considerations. Political turmoil is of a temporary nature and should not be a reason to affect trade relations,” Saraf said.
He added that even with China, India has acrimonious relations but bilateral trade continues to remain healthy.
“In fact, bilateral trade is an effective tool to improve political relations. India must make special efforts to increase our bilateral trade with Canada,” Saraf said.
India and Canada have a strong education partnership. There are over 200 educational partnerships between Indian and Canadian institutions.
In addition, over 3,19,000 Indian students are enrolled in Canadian institutions, making them the largest international student cohort in Canada, according to GTRI.
According to the Canadian Bureau for International Education (CBIE), Indian students contributed USD 4.9 billion to the Canadian economy in 2021.
Indian students are the largest international student group in Canada, accounting for 20 per cent of all international students in 2021.
Benefits of educational partnerships are mutual and hence the current situation may have no impact on the relationship, Srivastava said.
Apple supplier Foxconn aims to double India jobs and investment
Apple supplier Foxconn aims to double its workforce and investment in India by next year, a company executive said on Sunday.
Taiwan-based Foxconn, the world’s largest contract manufacturer of electronics, has rapidly expanded its presence in India by investing in manufacturing facilities in the south of the country as the company seeks to move away from China.
V Lee, Foxconn’s representative in India, in a LinkedIn post to mark Indian Prime Minister Narendra Modi’s 73rd birthday, said the company was “aiming for another doubling of employment, FDI (foreign direct investment), and business size in India” by this time next year.
He did not give more details.
Foxconn already has an iPhone factory employing 40,000 people in the state of Tamil Nadu.
In August, the state of Karnataka said the firm will invest US$600 million for two projects to make casing components for iPhones and chip-making equipment.
The company’s Chairman Liu Young-way said in an earnings briefing last month that he sees a lot of potential in India, adding: “several billion dollars in investment is only a beginning”.
Taiwan election: Foxconn’s Terry Gou taps star-powered running mate
Last month, Foxconn’s billionaire founder Terry Gou said he would run for the Taiwanese presidency in next year’s election, as an independent candidate.
He said the ruling and independence-leaning Democratic Progressive Party (DPP) was unable to offer a bright future for the island and left Foxconn’s board following his decision to run.
The firm operates the world’s largest iPhone plant, in the city of Zhengzhou in Henan province.
Foxconn to double workforce, investment in India by ‘this time next year’
US-China Relations Thaw With Groups to Discuss Economic, Financial Issues – Bloomberg
US auto workers expand strike as Biden prepares to join picket line – Al Jazeera English
Indian Media Attack Trudeau Over Claim of Extrajudicial Killing of Sikh Leader – Bloomberg
Silver investment demand jumped 12% in 2019
Search for life on Mars accelerates as new bodies of water found below planet’s surface
Iran anticipates renewed protests amid social media shutdown
Business16 hours ago
Morgan Stanley Says All Oil Signals Flashing Tightness
Art21 hours ago
‘You could fill a museum with it’: the $963m Roman Abramovich art collection revealed
News20 hours ago
Ukraine news: Zelenskyy in Canada, will speak to Parliament
Media15 hours ago
The Supreme Court showdown over social media “censorship” and free speech online
Art17 hours ago
Culture Days in the City of Barrie aim to inspire public participation in arts and culture
News16 hours ago
Canada recall: Shimano bike cranksets removed over crash hazard
Business17 hours ago
Amazon to move to default ad-tier model for Prime Video
Art17 hours ago
The Copyright Office is making a mistake on AI-generated art