Ottawa, Ontario – From Global Affairs Canada

This week, the Honourable Maninder Sidhu, Minister of International Trade, led nearly 300 delegates from across Canada to Mumbai and Bengaluru, India, as part of the largest trade delegation sent to India in 30 years, advancing our trade diversification agenda.

The mission delivered impressive results, including 34 commercial agreements worth close to $300 million, demonstrating how the ambitious Canada-India partnership is translating into new opportunities for Canadian and Indian businesses, workers and communities. Building on this momentum, Minister Sidhu met with Piyush Goyal, India’s Minister of Commerce and Industry, in New Delhi and Mumbai to advance negotiations toward a Canada-India Comprehensive Economic Partnership Agreement (CEPA), which would give Canadian businesses greater access to one of the world’s fastest-growing economies. The two ministers have now met 10 times since May 2025.

Throughout the trade mission, Minister Sidhu hosted events that brought together hundreds of Canadian and Indian government and business leaders. He also met with senior officials, industry leaders, and investors to advance partnerships in key sectors, including aerospace and space, clean technology and energy transition, information and communication technology, life sciences, and agri-food.

In Mumbai, Minister Sidhu participated in a fireside chat at the Canada-India Business Council’s annual forum, attended by members of the Canada-India business community. He highlighted Canada’s commitment to facilitating and supporting business connections and economic collaboration between Canadian and Indian businesses through initiatives such as the Team Canada Trade Mission.

He also met with Yotta Data Services to discuss opportunities for the company to invest and establish an AI innovation hub in Canada that would support Canadian businesses and create good-paying jobs.In Bengaluru, Minister Sidhu participated in an aerospace roundtable with Canadian and Indian industry leaders to explore new opportunities for collaboration and showcase Canadian capabilities in the sector.Through site visits and meetings with representatives of leading Indian companies, including Air India and Dynamatic Technologies, Minister Sidhu showcased Canadian strengths in priority sectors for India.

These engagements presented Canadian expertise as solutions to India’s evolving needs, creating new business opportunities and reinforcing Canada’s reputation as a reliable trade and investment partner.

Minister Sidhu also discussed shared trade priorities with Indian officials, including Piyush Goyal, Minister of Commerce and Industry, to advance CEPA negotiations.Ahead of the trade mission, Minister Sidhu joined the Bloomberg New Economy Forum in Delhi. As a panellist on economic and supply chain security, he highlighted Canada’s demonstrated reputation as a trusted and reliable supplier of key resources, including energy, critical minerals and agri-food and as a committed partner in strengthening supply chain resilience.Quotes“Our Team Canada Trade Mission to India has delivered 34 commercial agreements valued at close to $300 million for Canadian businesses.

From energy and critical minerals to aerospace, Canadian companies have built valuable connections that will strengthen our long-term partnership with one of the world’s fastest-growing major economies. Canada is ready to be the reliable partner India needs, and the opportunities secured on this mission will deliver lasting benefits for our workers and businesses.”- Maninder Sidhu, Minister of International TradeQuick factsCanada is aiming to double goods and services exports to markets beyond the United States over the next decade, including doubling two-way trade with India to $70 billion annually by 2030.

In 2025, two-way goods and services trade between Canada and India totalled $30.4 billion, of which $11.0 billion was in goods. In 2025, Canadian merchandise exports to India totalled $3.9 billion, led by vegetables, mineral fuels and oils, and wood pulp. Merchandise imports from India amounted to $9.7 billion, primarily consisting of precious stones and metals, machinery and pharmaceutical products. In 2025, services exports were valued at $15.1 billion. Based on the most recent data (2024), education-related travel accounts for the largest share of total services exported, representing 6.3% of Canada’s total services exports. In 2025, services imports from India totalled $4.3 billion and represented 1.8% of Canada’s total services imports.

In 2024, multinational enterprises from India employed 37,902 people through their affiliates in Canada. In 2024, multinational enterprises from Canada employed 68,941 people through their affiliates in India. As reported by Export Development Canada, in 2025, Canadian pension funds and asset managers reported approximately $108 billion in total exposure to India, which could include portfolio holdings, direct investments and other investment vehicles deployed across multiple sectors of India’s economy. Canada’s direct investment in India reached $11.4 billion in 2025, with the top sectors being finance and insurance, utilities and real estate (rentals and leasing). In 2025, India’s foreign direct investment in Canada totalled $9.7 billion, with the top sectors being finance and insurance, professional, scientific and technical services and manufacturing.

Launched in 2022, Canada’s Indo-Pacific Strategy (IPS) commits to advancing five strategic objectives: security, trade, sustainability, people-to-people ties and regional engagement. It reflects Canada’s commitment to inclusive growth and partnerships with Indo-Pacific economies that create shared prosperity. Team Canada trade missions are a flagship initiative under the IPS.