India, Canada set year-end target for trade pact; new business forum launched
A new Canada-India business platform and an upcoming Canadian trade mission signal fresh momentum in bilateral economic engagement and investment cooperation.
The planned November trade mission will bring Canadian companies to India to explore partnerships across a range of sectors, including artificial intelligence, semiconductors, critical minerals, and nuclear energy.
Piyush Goyal Co-Chairs Canada-India Investment Roundtable in Toronto. (IANS)
India and Canada rebuild commercial momentum and encourage direct engagement between industries from both countries, as Canada’s Minister of International Trade Maninder Sidhu today announced a Team Canada Trade Mission to India later this year during Union Commerce and Industry Minister Piyush Goyal’s visit to Toronto.
The announcement was made during the Canada-India Building Bridges event at the World Trade Centre Toronto, where business leaders, investors and policymakers from both countries gathered to discuss trade expansion and long-term investment opportunities.
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According to the Ministry of Commerce & Industry, the planned November trade mission will bring Canadian companies to India to explore partnerships across a range of sectors, including artificial intelligence, semiconductors, renewable energy, clean technology, critical minerals, digital infrastructure, nuclear energy, and advanced manufacturing.
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During his address, Union Minister Piyush Goyal highlighted the growing economic compatibility between India and Canada and stressed the importance of building a more dependable and industry-driven partnership framework.
He also invited Canadian companies and institutional investors to increase participation in India’s rapidly expanding sectors, particularly clean energy, technology, digital infrastructure, manufacturing and supply chain diversification.
Canada’s Minister of International Trade Maninder Sidhu welcomed the participation of the largest Indian business delegation to visit Canada, with representatives from more than 100 Indian companies attending the engagement.
The event drew over 150 participants from sectors including pharmaceuticals, biotechnology, energy, advanced manufacturing, oil and gas, and clean technology.
Piyush Goyal and Maninder Sidhu also jointly chaired the Canada-India Investment Roundtable, where discussions focused on infrastructure growth, financial sector reforms, and India’s efforts to improve ease of doing business.
The Union Minister said the Indian government’s policy focus and infrastructure expansion were opening major opportunities for global investors and urged stakeholders to strengthen long-term collaboration with India.
Delighted to co-chair the ‘Canada-India Investment Roundtable’ alongside Mr. @MSidhuLiberal, Minister of International Trade of Canada.
Held extensive discussions with Canada’s leading pension funds, sovereign and institutional investors, members of the Canada-India Business… pic.twitter.com/o4yi2g4Ivm
— Piyush Goyal (@PiyushGoyal) May 27, 2026
During the Toronto visit, Piyush Goyal also held separate meetings with leading Canadian corporations and institutional investors from sectors including banking, insurance, food processing, and critical minerals processing.
The discussions reportedly covered India’s economic outlook, trade agreements, Production Linked Incentive schemes, regulatory reforms, the growth of Global Capability Centres, and the country’s expanding STEM talent base.
Both sides also explored cooperation in financial markets and discussed ways to strengthen collaboration in technology, clean energy and resilient global supply chains.
Officials said the engagements reflected a broader effort to create sustainable economic partnerships and unlock new investment opportunities between India and Canada.
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