Canada and India Forge Big New Trade and Tech Pact

Canada and India have just inked a series of agreements that could shape their economies for years. The talks, held after Canadian leader Mark Carney visited Delhi, resulted in a ten‑year nuclear energy contract and plans to push bilateral trade to $50 billion within five years. The leaders framed the deal as more than a simple renewal; they called it an expansion of a partnership built on confidence and future‑oriented goals. Earlier tensions arose when Canada’s former prime minister linked India to a Sikh activist’s death, leading to the expulsion of several Indian diplomats. Despite that rocky past, both sides are now eager to move forward and deepen cooperation across many sectors. Key elements of the package include a free‑trade agreement slated for completion by 2026, aimed at easing tariffs that have recently strained trade flows.

Five memoranda of understanding were signed. One highlights a $2. 6 billion supply deal where Canadian company Cameco will deliver about 22 million pounds of uranium to India for use in nuclear power plants between 2027 and 2035. Other agreements target cutting‑edge technology: artificial intelligence, supercomputing, and semiconductor development. Indian firm HCL Technologies will open two new AI hubs in Canada and expand its Vancouver presence, while OCT Therapies & Research plans to manufacture medicines in New Brunswick. Both countries also agreed to co‑host a renewable energy summit, signaling a joint push toward greener initiatives. These moves suggest that Canada and India are serious about creating a robust economic corridor, one that could reduce reliance on U. S. tariffs and foster shared innovation.

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