Sunday, November 23, 2025

Have set trade target of 50 billion USD by 2030 with Canada: PM Modi

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Prime Minister Narendra Modi met his Canadian counterpart, Mark Carney, during a side event at the G20 Summit in Johannesburg on Sunday. Modi highlighted India’s goal to reach $50 billion in trade with Canada by 2030.
In a post on X, he said, “Had a very productive meeting with Prime Minister Mark Carney of Canada. We appreciated the significant momentum in our bilateral ties since our earlier meeting held during the G7 Summit hosted by Canada. We agreed to further advance our relations in the coming months.” Modi also stressed that India and Canada share strong potential for deeper trade and investment. He added, “We have set a target of 50 billion USD by 2030 for our bilateral trade. Canadian Pension Funds are also showing keen interest in Indian companies,” on X.
Both sides agreed to unlock more cooperation in defence and space and plan to meet again soon. 
The discussion drew a room full of senior diplomats, including External Affairs Minister S Jaishankar, Canadian Foreign Minister Anita Anand, and other officials.

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Earlier on Saturday, Modi unveiled a new trilateral framework—the Australia‑Canada‑India Technology and Innovation (ACITI) Partnership—alongside Australian Prime Minister Anthony Albanese and Canadian Prime Minister Mark Carney. He explained that the alliance will deepen collaboration between the three democracies on technology, supply‑chain diversification, clean energy, and AI. “A new trilateral technology and innovation partnership! Had an excellent meeting with Mr. Anthony Albanese, PM of Australia and Mr. Mark Carney, PM of Canada on the sidelines of the G20 Summit in Johannesburg. We are delighted to announce an Australia‑Canada‑India Technology and Innovation (ACITI) Partnership today,” he wrote on X. He added, “The initiative will deepen collaboration between democratic partners across three continents and three oceans in emerging technologies, support diversification of supply chains, clean energy and mass adoption of AI. We look forward to working together to guarantee a better future for the coming generations.”

Earlier that month, EAM Jaishankar met Canadian FM Anita Anand during the G7 Foreign Ministers’ meeting in Niagara. Jaishankar expressed optimism about rebuilding a stronger partnership, noting progress under the New Roadmap 2025 that aims to strengthen ties between the two nations. “Delighted to meet with FM Anita Anand of Canada today. Congratulated her on hosting the G7 Foreign Ministers’ Meeting. Appreciated the progress in the implementation of the New Roadmap 2025. Look forward to the further rebuilding of our bilateral partnership,” he posted on X.

On October 13, Jaishankar and Anand discussed how to “restore and reinvigorate” the mechanisms that will propel the bilateral relationship forward. They agreed that amid global economic uncertainty and escalating geopolitical tensions, a robust India‑Canada partnership is essential. Their joint statement reaffirmed the PMs’ priorities, underscoring shared democratic values, the rule of law, sovereignty, and territorial integrity. The statement highlighted that revitalising the partnership will open new economic opportunities, buffer against shifting alliances, solidify supply chains, and bolster strategic stability in an increasingly complex world.

In June, Modi met with Mark Carney again at the G7 Summit in Kananaskis, Canada, aiming to revive a strained relationship. The meeting paved the way for new diplomatic appointments: Christopher Cooter as Canada’s envoy to New Delhi and Dinesh K Patnaik as India’s High Commissioner to Ottawa.



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