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India, Canada to continue long-term supply chain partnerships
They welcomed two-way investment flows, including notable Canadian institutional investment in India and the growing presence of Indian firms in Canada
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Prabhjot Paul Singh - Thu, 13, Nov 2025
- 21:23 EST
- 17
Canadian Trade Minister Maninder Sidhu and Minister of Commerce and Industry of India. / X/MSidhuLiberal
Following the foreign ministers' visits, the Indian and Canadian trade ministers reaffirmed the strength and continuity of the India–Canada economic partnership and reiterated their commitment to deepening bilateral cooperation through sustained dialogue, mutual respect, and forward-looking initiatives.
A joint statement was issued at the conclusion of the joint bilateral between Canadian Trade Minister Maninder Sidhu and his Indian counterpart, Piyush Goyal. The statement acknowledged robust growth in bilateral trade in goods and services, reaching US$23.66 billion in 2024, with merchandise trade valued at nearly US$8.98 billion, a substantial 10% increase over the previous year.
ALSO READ: Anita, Jaishankar discuss further Canada-India road map
Maninder Sidhu has become the first Canadian Trade Minister under the Mark Carney government, who, at the invitation of India’s Minister for Commerce and Industry, Piyush Goyal, undertook an official visit to India from November 11 to 14.
Incidentally, he is the second Canadian minister of Indian descent, after Anita Anand, to visit India in recent months.
The ministers reaffirmed the strength and resilience of the India–Canada economic partnership and emphasised the importance of continued engagement with the private sector to unlock new trade and investment opportunities. They welcomed the steady expansion of two-way investment flows, including notable Canadian institutional investment in India and the growing presence of Indian firms in Canada, which together support tens of thousands of jobs in both economies. The ministers committed to maintaining an open, transparent, and predictable investment environment and to exploring avenues for deeper collaboration across priority and emerging sectors.
The ministers also noted strong complementarities between India and Canada across strategic sectors, driving sustainable growth and innovation and creating new trade opportunities. Recognising that these areas would require separate domain-level engagement among relevant stakeholders on both sides, the ministers agreed to encourage long-term supply chain partnerships in critical minerals and in clean energy collaboration, essential for the energy transition and new-age industrial expansion.
They also agreed to identify and expand investment and trading opportunities in aerospace and dual-use capabilities partnerships, leveraging Canada’s established presence in India and the growth of India’s aviation sector.
The ministers agreed to sustained ministerial engagements with the trade and investment community in both Canada and India early next year.
They agreed to remain in close communication as they consider next steps and concluded by acknowledging the constructive and forward-looking discussions held in New Delhi.
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