Thank you, Mr. Chair.
And to our witnesses, thank you for being here this afternoon and sharing your wisdom.
I agree that it's very important that we continue to move forward with these negotiations with India on a comprehensive economic partnership agreement. The seventh round of talks was completed earlier this month. We know that India's government tables its budget on Thursday and that there's an election next year, so they're going through some challenging times. They're talking about raising duties to 8%. The more we can level the playing field for Canadian businesses and remove those tariffs, the better for both economies.
My first question is for Mr. Madan from the Global Board of Trustees.
I was reading in the Financial Post on the weekend about “Billionaires [vying] to set up banks in India”. When we are talking about the opportunities in the service sector for Canadian financial institutions, do you see some opportunities for Canadian banks to expand and market into India?