India and Canada look to boost trade partnership to $70 billion
India and Canada look to boost trade partnership to $70 billion
India and Canada are entering a new era of cooperation, aiming to increase their bilateral trade to CAD 70 billion by 2030.
Following a period of diplomatic friction between 2023 and 2025, a significant reset occurred during Canadian Prime Minister Mark Carney's visit to India in early 2026.
A core element of this partnership is the Comprehensive Economic Partnership Agreement (CEPA), which both nations aim to finalize by late 2026.
Energy security serves as a strategic cornerstone, highlighted by a major CAD 2.6 billion deal for Canada to supply uranium to India's nuclear fleet.
Beyond energy, the partnership spans technology, including AI and semiconductors, as well as space exploration and defense collaboration.
With Canadian pension funds already heavily invested in India, the reconstituted India-Canada CEO Forum will play a vital role in further deepening private-sector ties.
As India pursues its 'Viksit Bharat' vision, this partnership secures the resources and technology necessary for its development, while offering Canada a stable, expanding export market.
