Strengthening Bonds: India and Canada Chart New Course for Deeper Cooperation

Prime Minister Narendra Modi and Canadian counterpart Mark Carney meet to enhance cooperation in defence, space, trade, investment, and technology. With bilateral trade surpassing USD 30 billion, both nations target USD 50 billion by 2030. Relations improve after tensions, with a commitment to advance multiple sectors.

Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney held a pivotal meeting on Sunday, focused on boosting cooperation in key sectors including defence, space, trade, and technology. The exchange took place on the sidelines of the G20 Summit, signaling a renewed commitment to strengthen bilateral ties.

Both leaders emphasized the progress made since their last encounter during the G7 Summit in Canada. Modi underscored the significant potential in enhancing trade and investment, setting an ambitious target of USD 50 billion by 2030. Notably, Canadian Pension Funds have shown growing interest in Indian enterprises.

Despite past tensions, the two countries are reviving several joint mechanisms to restore and advance their relations. With the recent rise in bilateral trade and high-level visits, India and Canada appear poised to embark on a path of broader collaboration across multiple domains.

(With inputs from agencies.)