Active Stocks
Fri Apr 12 2024 15:57:45
  1. Tata Steel share price
  2. 163.50 -1.00%
  1. NTPC share price
  2. 362.00 -0.32%
  1. ITC share price
  2. 430.10 -1.56%
  1. HDFC Bank share price
  2. 1,518.90 -1.10%
  1. State Bank Of India share price
  2. 766.75 -1.57%
Business News/ News / World/  Canada attracts over 15,000 Indian tech professionals in just 12 months
BackBack

Canada attracts over 15,000 Indian tech professionals in just 12 months

Over 15,000 Indian tech workers have moved to Canada in the span of just 12 months, from April 2022 to March 2023. This shows that the country has emerged as a global magnet for tech industry talent, according to Khalsa Vox.

Derek Hurlburt uses a power wrench to attach the tires to a Chevrolet Camaro on the assembly line at General Motors of Canada's Oshawa Car Assembly plant in Oshawa, Ontario, CanadaPremium
Derek Hurlburt uses a power wrench to attach the tires to a Chevrolet Camaro on the assembly line at General Motors of Canada's Oshawa Car Assembly plant in Oshawa, Ontario, Canada

In a mere 12-month period, from April 2022 to March 2023, more than 15,000 Indian tech professionals have relocated to Canada, signalling the nation's growing status as a worldwide hub for tech talent, as reported by Khalsa Vox.

As per a recent joint report from The Technology Councils of North America (TECNA) and Canada’s Tech Network (CTN), this surge in migration positions India as the largest contributor to Canada’s expanding tech workforce.

Of the more than 32,000 tech professionals who sought greener pastures, 15,097 chose Canada as their new home, underscoring the nation’s allure in the tech industry.

Following India on the list of contributors was Nigeria, with 1,808 tech workers making their journey to Canada. Experts attribute this phenomenon to Canada’s immigration-friendly policies and its competitive edge in terms of labour costs, as per Khalsa Vox.

ANI reported citing Khalsa Vox is an online digest that brings the latest in Punjab politics, history, culture, heritage and more.

Also Read: Canada minister expresses concern on 'integrity' of student immigration, says ‘some people are gaming the system’

Mississauga and Montreal are the two Canadian cities that stand out as the prime beneficiaries of this influx of global tech talent. Mississauga which boasts a robust community of nearly 1,000 IT firms and an impressive workforce of over 300,000 tech experts, has become a hub for tech innovation. Meanwhile, Montreal has witnessed a remarkable 31 per cent growth in its tech ecosystem between 2015 and 2020.

The report, titled ‘Tech Workforce Trends: The Migration of Tech Workers and Tech Jobs Since the Pandemic’, sheds light on the significance of this surge in tech migration. It posits that the substantial migration of tech workers fulfils the critical demand for skilled professionals, a need that has become even more pronounced amid the ongoing global talent scarcity. This influx of tech talent is seen as a promising indicator of a prosperous future for Canada’s tech industry, according to Khalsa Vox.

The migration data further revealed that the tech worker flow. Mississauga welcomed 1,900 tech professionals from across the world, while Montreal witnessed the arrival of 959 tech experts during the specified period from April 2022 to March 2023.

Also Read: Canada Express Entry: Nearly 10,000 immigrants invited in just two week. Check latest CRS scores, other details

Although the majority of the influx is attributed to India, Nigeria, and Brazil, the report also highlights the growing attraction of Canadian tech opportunities for American talent. Notably, Canada is drawing tech professionals from major US cities such as Washington DC, Boston, Chicago, and Philadelphia.

(With insights from ANI)

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 31 Aug 2023, 07:11 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App