New Opportunities for Business Growth at Home and Abroad

Sameer Sharma, 2024 MBOT Chair

President, Crown Group of Hotels

As we begin another spring season, I am excited to share with you the positive developments and opportunities awaiting our business community. It seems we are heading towards better days, not only weather-wise but also economically.

The economy shows signs of improvement, with inflation stabilizing and moving towards recovery. A key factor in this positive change is the expected stabilization and reduction of interest rates. This development is encouraging for investors and supports sustainable growth in the upcoming months.

The real estate sector, among others, is showing potential for investment and growth. As market conditions improve, we anticipate increased activity, which will drive economic growth and prosperity.

I am also pleased to announce a significant achievement for our organization. We have recently undertaken our first trade and investment activity in several years. Alongside MBOT’s President and CEO, Trevor McPherson, and in partnership with the Indo Canada Chamber of Commerce (ICCC), we visited New Delhi, India for a series of meetings with business and government representatives. This trip was an important step in building global partnerships and expanding opportunities for our members.

In addition to our time with the ICCC delegation, we separately signed a Memorandum of Understanding with the Faridabad Industries Association (FIA), aiming to facilitate cross-border collaboration and mutual growth. We were warmly welcomed and had the opportunity to visit several manufacturing facilities, finding a strong interest in import/ export and partnership opportunities with businesses in Mississauga. Our partnership with FIA is designed to open new avenues for trade and investment, helping businesses to succeed in a globally connected economy.

Looking ahead, it is crucial that we take advantage of these new opportunities with enthusiasm and determination. By working together and embracing innovation, we can enhance our businesses and drive our economy forward.

We have already achieved a lot, but I believe the best is yet to come. Let us face the future with optimism, seeing challenges as opportunities. By working together, we can build a better tomorrow for the next generations.