In light of the recent diplomatic tensions between India and Canada, Foxhog Ventures Corp. has made the decision to suspend all upcoming and proposed trade deals and investment commitments with Canadian companies and applicants. The company has also placed all ongoing funding applications from Canadian businesses on hold until further notice.
This decision comes in response to recent statements made by Canadian officials and Prime Minister Justin Trudeau, which have negatively impacted the relations between the two nations. Foxhog Ventures has closely monitored the situation and, seeing the escalating uncertainty, has decided to take proactive measures to mitigate potential risks arising from the ongoing diplomatic discord.
“Given the current state of affairs between India and Canada, we believe it is in the best interest of our firm and its stakeholders to pause all business engagements with Canadian companies until further updates from the management,” stated Manpreet Arora, CFO of Foxhog Ventures.
Foxhog Ventures, a global venture capital firm, has a significant presence in India and plays a vital role in fostering entrepreneurship and innovation across multiple regions. The company remains committed to its global investment strategy but will continue to monitor developments closely before proceeding with any Canadian engagements.
Further updates on this matter will be provided in due course based on the evolving diplomatic situation.
