New Delhi: India and Canada have moved to significantly strengthen their bilateral relationship with a series of key agreements covering uranium supplies, critical minerals and a broader economic partnership framework.
During talks between Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney, the two sides agreed to expedite negotiations on a Comprehensive Economic Partnership Agreement. Both leaders set an ambitious target of raising bilateral trade to USD 50 billion by 2030, signalling a renewed focus on unlocking untapped commercial potential.
A central outcome of the discussions was a USD 2.6 billion agreement for uranium supplies from Canada to India. The deal is expected to provide long term support to India’s expanding civil nuclear energy programme. In addition to nuclear cooperation, both sides explored collaboration in small modular reactors, renewable energy and advanced technologies.
Canada’s extensive reserves of critical minerals and rare earth elements were also a focal point. The newly signed partnership aims to strengthen supply chains essential for clean energy technologies, electric vehicles and high end manufacturing. The agreement covers the development, processing and secure sourcing of these materials to ensure stability and sustainability in future industries.
Beyond energy and trade, the two countries underscored the importance of enhancing defence and security ties. Plans include greater military exchanges, maritime cooperation and the establishment of a dedicated India Canada defence dialogue mechanism.
Education and innovation emerged as additional pillars of cooperation. The leaders discussed enabling Canadian universities to establish campuses in India and expanding joint initiatives in artificial intelligence, healthcare and agriculture.
Highlighting Canada’s significant investments in India’s development, both sides stressed that deepening trust and collaboration would create new avenues for investment and employment, reinforcing a comprehensive and forward looking partnership.
