- Published at
- by thehindubusinessline.com
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India spat spills over into boardroom of Canadian potash firm Karnalyte
Karnalyte Resources Inc., a Canadian potash firm with ties to India, has had to cancel plans to meet with its Indian board members due to the worsening diplomatic feud between the two countries. The Saskatchewan-based firm counts two Indian executives and one Indian banker among its board members, and its largest shareholder is an Indian firm. Canadian firms have limited travel to India, while India has suspended visa applications for Canadians.