Carney announces ambitious Canada-India partnership as high‑level visit continues

Prime Minister Mark Carney is pressing ahead with a major economic and diplomatic mission in India, unveiling what Ottawa calls an “ambitious new partnership” spanning energy, talent, technology, and security.

Carney met with Indian Prime Minister Narendra Modi in New Delhi, where the two leaders released a joint statement and endorsed five new memorandums of understanding aimed at modernizing and expanding Canada–India cooperation. The governments also confirmed they will finalize a Comprehensive Economic Partnership Agreement this year, with a goal of doubling two‑way trade to $70 billion by 2030.

A centrepiece of the announcements is a landmark $2.6‑billion uranium supply deal between India and Saskatchewan‑based Cameco, set to support India’s growing nuclear energy sector through 2035. The leaders also launched a new Strategic Energy Partnership covering LNG, hydrogen, solar, biofuels and critical minerals.

The visit includes extensive commitments on technology and education, with Canadian and Indian universities establishing new centres of excellence in AI, digital innovation and health sciences. Canada is also funding new scholarships and research exchanges across the Indo‑Pacific region.

Carney is meeting with investors, senior cabinet ministers and international partners throughout the week as Canada tries to attract new capital, expand export markets, and deepen its role in the Indo‑Pacific. The Prime Minister has also formally invited Modi to make an official visit to Canada.