March 2, 2026 • New Delhi, India
MIDDLE POWER STRATEGY: Canadian Prime Minister Carney Secures Ambitious New Partnership with India Focused on Energy, Talent, and Technology - Full Infograph Inside
Prime Minister Mark Carney concluded his first official visit to India, marking the first bilateral visit by a Canadian Prime Minister since 2018. The visit resulted in a renewed strategic partnership, a commitment to conclude a Comprehensive Economic Partnership Agreement (CEPA) by the end of 2026, and over $5.5 billion in commercial agreements.
📝 SMikhail
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$110 Billion
Total Canadian Investment in India (2024)
Total direct and indirect Canadian investment in India surpassed $110 billion in 2024.
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$70 Billion
Bilateral Trade Target by 2030
The new CEPA aims to more than double two-way trade to $70 billion by 2030.
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$2.6 Billion
Uranium Supply Deal with Cameco
A landmark agreement between the Government of India and Saskatoon-based Cameco to supply nearly 22 million pounds of uranium to India from 2027 to 2035.
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$5.5 Billion
Value of Commercial Agreements
The visit saw more than 10 commercial agreements, worth over $5.5 billion, creating thousands of careers in Canada.
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1.8 Million
Canadians of Indian Origin
The vibrant ties between the two nations are underscored by over 1.8 million Canadians of Indian origin.
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300
Indian Student Researcher Positions
A new MOU will enable approximately 300 Indian undergraduate students annually to undertake research placements at Canadian universities.
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75%
HCL Tech Workforce Expansion in Canada
India's third-largest IT services company, HCL Technologies, will increase its Canadian workforce by 75% by 2030.
- A new Strategic Energy Partnership announced, including cooperation in LNG, LPG, uranium, solar, and hydrogen.
- Landmark $2.6 billion agreement with Cameco for long-term uranium supply to India (2027-2035).
- Two MOUs signed to intensify cooperation on critical minerals and clean energy sources.
- Canada intends to join the International Solar Alliance and is upgrading to full membership in the Global Biofuels Alliance.
- Engagement to conclude Canada’s first long-term LPG arrangement with India.
- Confirmed commitment to conclude a new Comprehensive Economic Partnership Agreement (CEPA) by the end of 2026.
- Terms of Reference for the CEPA have been finalized and signed, launching formal negotiations.
- Goal to more than double two-way trade to $70 billion by 2030.
- Over 10 commercial agreements worth more than $5.5 billion were secured.
- Prime Minister Carney met with business leaders representing a combined market capitalization of approximately $600 billion.
- Launch of the new Canada-India Talent and Innovation Strategy to deepen education collaboration.
- 13 new partnerships between Canadian and Indian universities, including a Dalhousie University innovation campus.
- New University of Toronto and McGill University Centres of Excellence in India.
- Up to $25 million from UofT for more than 220 scholarships for Indian students.
- An MOU on cultural cooperation to enhance collaboration in performing arts, visual arts, music, and creative industries.
- The Canadian Space Agency (CSA) and the Indian Space Research Organisation (ISRO) agreed to cooperate on Earth observation and explore joint initiatives in space exploration and quantum technologies.
- HCL Technologies will expand its Canadian operations, increasing its workforce by 75% by 2030.
- An MOU under the Australia-Canada-India Technology and Innovation Partnership (ACITI) to formalize collaboration on AI development and deployment.
- Agreement to explore joint initiatives integrating AI into space and aerospace technologies.
- Commitment to increase defence cooperation, including maritime security and bilateral/multilateral naval activities.
- A new Maritime Security Partnership was welcomed.
- Agreement to advance bilateral cooperation on security and law enforcement, including the illegal flow of drugs (fentanyl precursors) and transnational organized crime.
- Canada will appoint a Defence Attaché to India.
KEY QUOTES
"India is the fastest-growing major economy and a powerhouse of global commerce and technology. In a rapidly changing world, Canada and India are transforming their economies to be more diversified, more independent, and more resilient. Our strategic partnership, and the speed at which we are working to unleash its potential in energy, talent, and AI, is the result of two confident, ambitious nations who want to build the future, together." — Prime Minister Mark Carney
"The Leaders reaffirmed the importance of the Canada–India relationship, grounded in shared democratic values, deep people-to-people ties, respect for sovereignty and territorial integrity, and a joint commitment to the rule of law." — Joint Statement by Prime Minister Carney and Prime Minister Modi
Canada
India
Carney
Modi
Strategic Partnership
CEPA
Free Trade
Energy
Uranium
Cameco
Critical Minerals
AI
Technology
Education
Talent
Space
ISRO
Defence
Security
HCL Technologies
Investment
Trade
Indo-Pacific
LNG
LPG
International Solar Alliance
Global Biofuels Alliance
2026
New Delhi