Piyush Concludes Canada Visit, Returns Home for US Tariff Delegation
Meet
Ř Visit Highlights Indo-Canadian
Community’s Role in Strengthening Bilateral Economic Ties and Advancing CEPA
Talks
Ř Goyal Addresses Munk School at University
of Toronto, Highlights India’s Economic Transformation and Expanding
India-Canada Partnerships
Ř Mr. Goyal Engages with Ontario Centre
of Innovation and Canada-India Tech Connect, Highlights Opportunities in AI,
Quantum Computing and Deep Tech Collaboration
Ř Minister Interacts with Regional
Chambers to Strengthen India-Canada Business Collaboration and Investment
Partnerships
Ř Piyush Goyal Engages Global Investors
and Indian Industry Leaders to Expand Investment Partnerships and Strengthen
India’s Global Economic Footprint
Key Highlights of the Visit
·
Piyush Goyal concluded a landmark three-day visit to Canada on 28 May
2026.
·
The visit focused on:
o Strengthening bilateral economic
relations
o Advancing India-Canada CEPA
negotiations
o Expanding investment and technology
partnerships
o Enhancing diaspora and business
engagement
·
The minister led the largest-ever Indian business delegation to Canada,
comprising leaders from over 100 Indian companies.
Address at University of Toronto
·
Mr. Goyal addressed faculty, researchers, and students at the:
o Munk School of Global Affairs and
Public Policy
·
Key themes of his address:
o India’s rapid economic transformation
o Structural reforms under Prime
Minister Narendra Modi
o India’s growing global leadership
role
o Opportunities for deeper India-Canada
academic and policy collaboration
Focus on Innovation and Emerging
Technologies
·
Mr. Goyal visited the:
o Ontario Centre of Innovation
·
Discussions focused on:
o Startup ecosystems
o Industry-academia collaboration
o Innovation-led growth
·
He also interacted with:
o Canada-India Tech Connect
·
Key sectors highlighted for collaboration:
o Artificial Intelligence (AI)
o Quantum Computing
o Deep Tech
o Cleantech
o Agritech
Strengthening India–Ontario
Cooperation
·
Mr. Goyal met:
o Doug Ford
·
Discussions covered cooperation in:
o Manufacturing
o Infrastructure
o Clean energy
o Food processing
o Critical minerals
o Technology
·
Both sides reaffirmed commitment to stronger trade and investment ties.
Engagement with Canadian Business
Leaders
Business Council of Canada
·
Mr. Goyal met:
o Goldy Hyder
·
Discussions focused on:
o Industry-led partnerships
o Technology cooperation
o Infrastructure and advanced
manufacturing
o Role of the India-Canada CEO Forum
Ontario Teachers’ Pension Plan
·
Meeting held with:
o Jo Taylor
·
Focus areas for investment:
o Infrastructure
o Renewables
o Healthcare
o Financial services
o Technology
o Digital economy
CPP Investments
·
Mr. Goyal also met:
o John Graham
·
Discussions centered on expanding long-term
investments in:
o Logistics
o Renewable energy
o Transportation
o Digital infrastructure
o Financial services
·
He welcomed CPP’s continued confidence in India’s growth story.
Engagement with Regional Chambers and
Indian Industry
·
Mr. Goyal interacted with regional chambers working in the India-Canada
corridor.
·
Discussions focused on:
o Enhancing business collaboration
o Increasing investment flows
o Leveraging opportunities arising from
CEPA negotiations
·
He also encouraged Indian businesses to explore partnerships in:
o Aerospace
o Clean energy
o Infrastructure
o Critical minerals
o Food processing
o Technology
Role of Indo-Canadian Community
·
Mr. Goyal concluded the visit with an interaction with:
o Canada-India Foundation
·
He praised the Indo-Canadian community for:
o Strengthening people-to-people ties
o Expanding business engagement between
both countries
CEPA and Trade Expansion Goals
·
The visit aimed to accelerate negotiations for the:
o India-Canada Comprehensive Economic
Partnership Agreement (CEPA)
·
Current bilateral trade:
o Approximately USD 8.5 billion
·
Shared target:
o Expand bilateral trade to USD 50
billion by 2030
Overall Significance
·
The visit marked a major step toward:
o Reviving India-Canada economic
relations
o Expanding strategic investments
o Deepening technology cooperation
o Strengthening institutional and
diaspora partnerships
·
It also reinforced India’s position as:
o A leading global investment
destination
o A major innovation and manufacturing
hub
o A key long-term economic partner for
Canada.
[ABS News Service/28.05.2026]
Union Minister of Commerce and
Industry Piyush Goyal concluded a highly productive and landmark three-day
visit to Canada on May 28, 2026, with a packed schedule of high-impact
engagements in Toronto spanning academia, innovation, government, business councils,
institutional investors, and the Indian diaspora community. The engagements
reinforced the sustained momentum in the India-Canada economic partnership and
highlighted India’s emergence as a premier global destination for investment,
technology collaboration, and long-term partnerships.
The day commenced with Union Minister
of Commerce and Industry Piyush Goyal delivering an address to faculty,
researchers, and students at the prestigious Munk School of Global Affairs and
Public Policy, University of Toronto — one of the world’s leading institutions
for the study of international relations and public policy. Mr. Goyal spoke
about India’s rapid economic progress, transformative reforms, and growing
global leadership under Prime Minister Mr. Narendra Modi. He highlighted the
immense potential for deeper engagement among academia, industry, and
policymakers to further strengthen bilateral trade, investment, and
people-to-people ties between India and Canada.
Mr. Piyush Goyal subsequently visited
the Ontario Centre of Innovation (OCI) and was briefed on its wide-ranging
initiatives to promote innovation, support startups, and foster collaboration
between industry, academia, and government. He also engaged in productive
discussions with Canada-India Tech Connect on emerging areas of technology,
including Artificial Intelligence and Quantum Computing. Addressing the
gathering, Mr. Goyal highlighted India’s thriving startup and innovation
ecosystem and outlined how Canada can partner meaningfully in these high-growth
sectors. He also underlined the vast potential for bilateral cooperation in AI,
cleantech, agritech, and deep tech — sectors where
both countries possess complementary strengths.
Mr. Piyush Goyal held an engaging
interaction with representatives of regional chambers operating in the
India-Canada corridor and received constructive feedback on avenues to
strengthen business collaboration and boost investment flows. He appreciated
their pivotal role in enhancing trade, investment, and people-to-people ties
between the two countries, and highlighted the significant opportunities
emerging from the renewed momentum in bilateral relations and the ongoing CEPA
negotiations.
In a significant high-level
engagement, Mr. Piyush Goyal called on the Hon’ble Doug Ford, Premier of
Ontario, and discussed opportunities to deepen India–Ontario collaboration. The
two leaders explored avenues for cooperation across manufacturing, technology,
infrastructure, clean energy, food processing, and critical minerals — sectors
of strategic importance to both sides — while reaffirming their commitment to
strengthening bilateral trade and investment partnerships.
Mr. Piyush Goyal held a productive
meeting with Mr. Goldy Hyder, President and CEO of the Business Council of
Canada. Discussions focused on strengthening India-Canada commercial engagement
and boosting industry-led partnerships across technology, infrastructure, clean
energy, critical minerals, and advanced manufacturing sectors. Both sides also
exchanged views on the important role of the India-Canada CEO Forum in
deepening business-to-business ties between the two nations.
Mr. Piyush Goyal met Ms. Jo Taylor,
President and CEO of Ontario Teachers’ Pension Plan, and discussed investment
opportunities in India across infrastructure, renewables, financial services,
healthcare, technology, and the digital economy. The Minister highlighted
India’s strong growth potential and the significant opportunities for
partnerships with Indian enterprises, including in the manufacturing sector,
while supporting sustainable and inclusive growth.
Mr. Piyush Goyal also met Mr. John
Graham, President and CEO of CPP Investments, and held discussions on expanding
long-term institutional investments into India across infrastructure,
logistics, renewable energy, transportation, financial services, and digital
infrastructure. He welcomed CPP Investments’ sustained confidence in India’s
growth story, reflected in its significant investments across infrastructure,
real estate, and financial services — demonstrating strong global trust in
India’s economic fundamentals and future potential.
Mr. Piyush Goyal held productive
discussions with the Indian business delegation accompanying him on the visit
to further strengthen India’s global economic footprint. He encouraged
businesses to actively explore partnerships and investment opportunities across
sectors such as clean energy, aerospace, food processing, critical minerals,
infrastructure, and technology, which hold immense potential for sustainable
growth and innovation. Mr. Goyal emphasised that India’s growing global
economic stature is opening new avenues for Indian industry worldwide and
reaffirmed that the Government of India remains firmly committed to supporting
enterprises in taking India’s growth story to the world.
Mr. Piyush Goyal concluded his
three-day visit to Canada with an engaging interaction with members of the
Canada-India Foundation. He highlighted the invaluable contribution of the
Indo-Canadian community in bringing the two nations closer through stronger business
engagement and people-to-people ties.
Mr. Piyush Goyal led the largest-ever
Indian business delegation to Canada, comprising industry leaders from over 100
Indian companies, in a landmark step towards the full revival of India-Canada
economic relations. The three-day visit — covering Ottawa on May 25 and Toronto
from May 26–28 — aimed at advancing bilateral trade and economic ties between
India and Canada, with a particular focus on accelerating the ongoing
negotiations for the India-Canada Comprehensive Economic Partnership Agreement
(CEPA).
With bilateral trade currently
standing at approximately USD 8.5 billion, both governments remain committed to
their shared and ambitious target of expanding it to USD 50 billion by 2030.