More than 15k Indian tech workers came to Canada over past 12 months: Report
India formed the largest cohort of global tech industry workers who flocked to Canada between April 2022 and March 2023.
India formed the largest cohort of global tech industry workers who flocked to Canada between April 2022 and March 2023, according to a recent report from The Technology Councils of North America (TECNA) and Canada's Tech Network (CTN).
Out of more than 32,000 tech workers, 15,097 came from India, followed by 1,808 from Nigeria, partly due to Canada's immigration-friendly national policy and labor cost advantage, the report said.
Mississauga, home to nearly 1,000 IT companies with over 300,000 tech professionals, and Montreal, where tech ecosystems have grown around 31 per cent from 2015 to 2020, were among the top Canadian cities to tap the talent.
"The large migration of tech workers fills the need for skilled workers amid an ongoing global talent shortage and points to a hopeful and prosperous future for Canada's tech occupation workforce," the report titled 'Tech Workforce Trends: The Migration of Tech Workers and Tech Jobs Since The Pandemic', said.
According to migration findings, a total of 1,900 tech workers from across the world came to Mississauga and 959 came to Montreal from April 2022-March 2023.
While the global net in-migration of tech talent came primarily from India, Nigeria, and Brazil, Canada is also gaining American talent, which includes Indians, from major US cities like Washington D.C., Boston, Chicago and Philadelphia, the report said.
In a bid to attract top tech talent to the country, Canada has started giving open work permits for H1-B visa holders from the US.
Indians, who account for nearly 75 per cent of H1-B visa holders in the US, will be the major beneficiaries of this scheme.
Canada's tech ecosystem is on the fast track to immense growth according to a recent industry outlook report from the Business Development Bank of Canada.
Revenues in the tech sector grew at an average annual pace of 9.4 per cent between 2015 and 2020, and in 2022, Canada had more than 400,000 software developers in the country.
The report also found that the most sought-after tech skills in Canada include customer experience, Microsoft Azure, analytical skills, Amazon web services, Jira, data science, GitHub, and Customer Relationship Management.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Largecap PSU Stock for 65% Gain in New Year: Anil Singhvi picks PSU bank for long term; know reasons and target prices
PPF vs SIP: Rs 12,000 monthly investment for 30 years; see which can create higher retirement corpus
SBI Latest FD Rates: PSU bank pays these returns to senior citizens and other depositors on 1-year, 3-year and 5-year fixed deposits
SIP Stock Pick For New Year 2025: Anil Singhvi recommends buying this largecap pharma stock on 10% dip
Shark Tank India Season 4: Social Media influencer Gaurav Taneja shocks sharks with his earnings, earns Rs 1 crore in 1 hour!
Top 7 Index Mutual Funds With Best SIP Returns in 10 Years: Rs 11,111 monthly SIP investment in No. 1 fund is now worth Rs 33,18,831; know how others have fared
SIP in Stocks For New Year 2025: Market guru Anil Singhvi recommends 1 largecap, 2 midcap scrips to buy in dips; note down targets
12:02 PM IST