India and Canada have reaffirmed their commitment to expanding bilateral economic ties, with both countries targeting US$50 billion in bilateral trade by 2030 and accelerating negotiations on the proposed Comprehensive Economic Partnership Agreement (CEPA). The discussions took place during a series of engagements in Toronto aimed at enhancing trade, investment, and technology collaboration.
Focus on High-Growth Sectors
Talks focused on strengthening cooperation in sectors such as advanced manufacturing, pharmaceuticals, biotechnology, clean technology, energy, and oil and gas. Both sides highlighted the growing opportunities created by the complementary strengths of the two economies.
The Canada-India Building Bridges event brought together more than 150 representatives from businesses, investor groups, and industry associations. Participants emphasized the need for a predictable business environment and stronger government-industry collaboration to support long-term economic growth.
Trade Mission and Investment Opportunities
A Team Canada Trade Mission to India is scheduled for November 2026, with a focus on exploring opportunities in Artificial Intelligence (AI), critical minerals, semiconductors, renewable energy, clean technology, and digital infrastructure.
The visit also included the Canada-India Investment Roundtable, attended by leading Canadian pension funds, banks, and institutional investors. Discussions highlighted India’s infrastructure development plans, financial sector reforms, and improving ease of doing business, which continue to attract global investors.
Expanding Collaboration Across Key Industries
Both countries identified significant opportunities for collaboration in clean energy, technology, manufacturing, digital infrastructure, and supply chain diversification. India’s strong economic growth outlook, Production Linked Incentive (PLI) schemes, expanding Global Capability Centres (GCCs), and growing network of trade agreements were highlighted as major drivers of investment.
Meetings with Canadian companies from the insurance, food processing, banking, and critical minerals sectors further reinforced confidence in the Indian market.
