Canadian Prime Minister Mark Carney has arrived in India for a four-day official visit aimed at strengthening business ties and giving fresh momentum to trade negotiations between the two countries.
Mr. Carney began his visit in Mumbai, India’s financial capital, where he is meeting leading industrialists, investors and representatives from key sectors. The focus of these discussions is to expand bilateral trade, encourage greater investment flows and build partnerships in emerging areas such as clean energy, artificial intelligence, critical minerals, education and advanced manufacturing.
The Canadian Prime Minister will travel to New Delhi for delegation-level talks with Prime Minister Narendra Modi. The two leaders are expected to review the overall bilateral relationship and explore ways to strengthen economic cooperation under the India-Canada Strategic Partnership. A major item on the agenda is reviving and advancing negotiations for a Comprehensive Economic Partnership Agreement (CEPA), which aims to significantly boost two-way trade.
India and Canada share strong complementarities. Canada is rich in natural resources, including critical minerals and energy supplies, while India represents one of the world’s fastest-growing large markets with expanding demand for energy, technology and infrastructure investment. Officials from both sides have indicated that there is considerable scope to scale up cooperation in clean energy, agri-food trade, technology collaboration and supply chain resilience.
Bilateral trade between the two countries currently stands at around USD 30 billion, and both governments are looking at substantially increasing this figure over the coming years. Greater engagement between businesses and industry bodies is seen as key to achieving this goal.
The visit comes at a time when both nations are seeking to stabilise ties and move towards a more forward-looking, economically driven partnership. For Canada, it is also part of a broader effort to diversify trade partnerships in the Indo-Pacific region, while for India, it aligns with its push to attract investment and strengthen global economic linkages.
Also Read: I& B minister seeks fair pay, safer internet
