A renewed push for India–Canada cooperation spotlights clean energy, critical minerals and technology as both nations prepare to revive trade talks and pursue significant investment opportunities.
India is seeking deeper economic cooperation with Canada across critical minerals, clean energy and emerging technologies, Union Commerce and Industry Minister Piyush Goyal said in New Delhi on Tuesday. Speaking at an event organised by the Indo-Canadian Business Chamber, he said the two countries have natural complementarities that can drive long-term growth.
Goyal noted that India is well placed to partner with Canada in mineral processing, nuclear energy and supply-chain diversification. He said India’s strength in artificial intelligence (AI), quantum computing, machine learning and modern data centres is backed by the world’s largest annual pool of STEM graduates.
He stressed that the bilateral relationship remains steady, rooted in democratic values and mutual confidence. Trade and investment flows, he said, continue to expand across traditional and new sectors.
Goyal referred to the recent meeting between Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney during the G20 Summit. Both leaders agreed to launch negotiations for a high-ambition Comprehensive Economic Partnership Agreement and to aim to double bilateral trade by 2030. He said the proposed pact would reinforce investor trust and offer a structured mechanism to resolve issues.
The Minister highlighted India’s 500GW national power grid, half of which is clean energy. He said India plans to double its clean energy capacity to 500GW by 2030, positioning it as one of the few democracies able to offer round-the-clock clean power at competitive rates.
Goyal also pointed to India’s strong economic fundamentals. He said the country has moved from the ‘Fragile Five’ to the world’s top five economies, supported by low inflation, a resilient banking sector and rapid infrastructure growth. Stock market expansion, he added, reflects growing investor confidence.
He urged both nations to turn discussions into concrete outcomes, strengthen the CEO Forum, and collaborate on innovation, defence, aerospace, and manufacturing. Goyal invited Canadian firms to join India’s development journey, expressing confidence that the partnership will grow stronger.
