This new partnership shows that India and Canada’s relationship is improving again after Mark Carney became Canada’s Prime Minister earlier this year.
India and Canada said on Sunday that they want to make their partnership stronger in many areas like trade, investment, and technology, during talks between Prime Minister Narendra Modi and his Canadian counterpart Mark Carney on the sidelines of the G20 Summit in Johannesburg. Modi said that both countries now want to reach USD 50 billion in trade by 2030, while the current trade level is about USD 30 billion.
“We have set a target of USD 50 billion by 2030 for our bilateral trade. Canadian Pension Funds are also showing keen interest in Indian companies,” said Modi, adding both leaders also agreed to unlock the potential for deeper cooperation in defence and space sectors and meet again in the near future. Carney is expected in India for the AI summit in Feb 2026 that the Indian govt will host.
After the meeting, Modi said that India and Canada have seen good progress in their relationship since their last talk at the G7 Summit in Canada. Both leaders said they will work even more closely in the coming months, especially in areas like business, technology, energy, education, and investment. Modi also mentioned that Canadian pension funds are very interested in investing in Indian companies.
“We appreciated the significant momentum in our bilateral ties since our earlier meeting held during the G7 Summit hosted by Canada. We agreed to further advance our relations in the coming months, particularly in trade, investment, technology and innovation, energy and education,” he said after meeting Carney.
This meeting happened a day after India, Australia, and Canada announced a new partnership focused on technology and innovation. This new partnership shows that India and Canada’s relationship is improving again after Mark Carney became Canada’s Prime Minister earlier this year.
In a statement shared on Saturday on X, PM Modi stated, “A new trilateral technology and innovation partnership! Had an excellent meeting with Mr. Anthony Albanese, PM of Australia and Mr. Mark Carney, PM of Canada on the sidelines of the G20 Summit in Johannesburg. We are delighted to announce an Australia-Canada-India Technology and Innovation (ACITI) Partnership today.”
