Last Updated on May 27, 2026 4:29 pm by BIZNAMA NEWS
Andalib Akhter / BIZ DESK
India and Canada have renewed their commitment to expand bilateral trade to $50 billion by 2030, underscoring a shared vision for deeper economic engagement and investment collaboration. The announcement came during Commerce and Industry Minister Piyush Goyal’s high-level meetings with Canadian business leaders and institutional investors in Toronto, aimed at strengthening trade ties and advancing technology partnerships across strategic sectors.
Strategic Trade and Investment Dialogue
In discussions with Canada’s International Trade Minister Maninder Sidhu, Mr. Goyal emphasized the growing complementarities between the two economies and the need for a predictable, transparent business environment. Both ministers reaffirmed their intent to conclude the Comprehensive Economic Partnership Agreement (CEPA) negotiations by year-end, a move expected to unlock new opportunities for trade diversification and investment flows.
Canada-India Investment Roundtable
The Canada-India Investment Roundtable, co-chaired by the two ministers, brought together leading Canadian financial institutions, pension funds, and banks. The dialogue focused on India’s infrastructure expansion, financial sector reforms, and ease of doing business — key pillars driving investor confidence. Mr. Goyal invited Canadian stakeholders to explore partnerships in technology, clean energy, and financial markets to support sustainable growth and shared prosperity.
Corporate Engagement and Market Outlook
Mr. Goyal also held one-on-one meetings with major Canadian corporations across insurance, food processing, and other sectors. Discussions covered India’s macroeconomic stability, the rise of Global Capability Centres (GCCs), and the Production Linked Incentive (PLI) schemes that encourage strategic investments. The Minister highlighted India’s skilled STEM talent base and improving regulatory environment, positioning the country as a preferred destination for global investors.
Diaspora as Economic Connectors
Addressing members of the Indian diaspora, Mr. Goyal praised their role in strengthening the India-Canada business corridor. He noted that the community’s entrepreneurial drive and cultural influence are vital in expanding bilateral trade and investment linkages.
The reaffirmation of the $50 billion trade target signals a renewed momentum in India-Canada relations, with both nations seeking to build a resilient, innovation-driven partnership that aligns with global economic shifts and sustainability goals.