India and Canada exchanged several agreements on critical minerals cooperation, renewable energy promotion, and cultural collaboration. This formed part of a broader package during delegation-level talks between Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney at Hyderabad House in New Delhi on Monday.
The leaders reviewed progress under the India-Canada Strategic Partnership, covering trade, investment, energy, agriculture, education, research, innovation, and people-to-people ties, while discussing key regional and global developments.
Bilateral Trade Push
Both sides set a target to expand bilateral trade to $50 billion by 2030 and agreed to expedite negotiations on the Comprehensive Economic Partnership Agreement (CEPA), including finalizing terms of reference to boost investment and jobs. They also committed to launching an India-Canada Defence Dialogue for cooperation in defence industries, maritime domain awareness, and military exchanges.
Key Agreements Signed
The package includes MoUs on critical minerals supply chains and processing, renewable energy collaboration with green hydrogen and a planned energy summit, cultural and talent mobility initiatives, plus a landmark $2.6 billion long-term uranium supply deal.
Visit Context
Prime Minister Carney, on a four-day visit—his first full bilateral trip since taking office—emphasized renewed ties in trade, defence, and energy. The leaders are also set to join the India-Canada CEOs Forum to deepen business links.