3 days ago
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Commerce and Industry Minister Piyush Goyal connected Saturday (May 23, 2026) said helium volition pb a concern delegation of implicit 150 members to Canada connected May 25-27 to question investments, heighten collaborations and springiness impetus to talks for the projected escaped commercialized statement (FTA).
He said that a bid of meetings is successful the pipeline with leaders and businesses successful Ottawa and Toronto.
The Minister volition telephone connected Canadian Prime Minister Mark Carney and clasp a bilateral gathering with his Canadian counterpart Maninder Sidhu.
Mr. Goyal said that helium volition besides conscionable representatives of "Maple 8" pension funds of Canada.
The "Maple 8" refers to Canada's 8 largest nationalist pension funds, which unneurotic negociate assets worthy astir 2.4 trillion Canadian dollars and are considered among the world's astir influential semipermanent investors.
The radical includes large funds similar the Canada Pension Plan Investment Board, Ontario Teachers' Pension Plan, and Ontario Municipal Employees Retirement System. These funds put extensively crossed sectors, specified arsenic infrastructure, technology, existent estate, vigor and backstage equity globally.
"I volition conscionable them to pull investments," helium told reporters successful New Delhi.
He added that Canada is beardown connected oil, gas, captious minerals, and mining, portion India tin connection its talented workforce and strengths successful respective sectors.
About 600 Canadian companies are operating successful India astatine present, and "we are looking astatine expanding it to 1,000", helium said, adding that the people is to summation bilateral commercialized to $50 cardinal successful the adjacent 5 years. It was $8.66 cardinal successful 2024-25 ($4.22 cardinal exports and $4.44 cardinal imports).
The 2 countries are negotiating a Comprehensive Economic Partnership Agreement (CEPA). Two rounds of negotiations person been completed.
Canada represents a marketplace of 41.65 cardinal radical (2025) and a GDP of $2.34 trillion astatine purchasing powerfulness parity.
Key exports from India to Canada see pharmaceuticals, robust and steel, seafood, fabric garments, physics goods and chemicals, among others. Key imports see pulses, pearls and semi-precious stones, coal, fertiliser, insubstantial and petroleum crude.
India's main services assemblage exports see telecommunications, machine and accusation services, and different concern services.
Canada is besides location to implicit 4,25,000 Indian students and a beardown Indian community. Joint Secretary successful the Department of Commerce, Brij Mohan Mishra, is the main negotiator from the Indian side. Bruce Christie is Canada's main negotiator.
