Ø India and
Canada Target USD 50 Billion Bilateral Trade by 2030
Ø Piyush Goyal Holds High-Level
Meetings with Canadian Business Leaders In Toronto To Boost Investments, Technology Partnerships And India-Canada CEPA Talks
Ø Mr.Goyal Delivers Keynote Address At Canada–India
Building Bridges Event In Toronto, Highlights
Opportunities Across Strategic Sectors
Ø Minister Co-Chairs Canada–India
Investment Roundtable, Invites Canadian Investors to Partner In
India’s Growth Story Across Strategic Sectors
Ø Piyush Goyal Holds One-On-One
Meetings with Leading Canadian Companies and Investors To
Showcase India’s Investment And Growth Opportunities
Ø Mr. Goyal Addresses Indian Diaspora in
Brampton, Highlights Community’s Role in Strengthening India–Canada Business and
Cultural Ties
Key Highlights of Commerce Minister
Piyush Goyal’s Canada Visit
·
Union Commerce and Industry Minister Piyush Goyal held a series of
high-level engagements in Toronto to strengthen India–Canada economic
relations.
·
The visit focused on:
o accelerating India–Canada CEPA
negotiations,
o boosting bilateral investments,
o expanding technology partnerships,
o and deepening business collaboration
across strategic sectors.
India and Canada Target USD 50
Billion Bilateral Trade by 2030
Meeting with Canadian Trade Minister
·
Piyush Goyal held a fireside chat with Maninder Sidhu.
·
Both sides reaffirmed:
o commitment to expand bilateral trade
to USD 50 billion by 2030,
o and conclude the India–Canada
Comprehensive Economic Partnership Agreement (CEPA) negotiations by end-2026.
Team Canada Trade Mission to India
·
Minister Maninder Sidhu announced a Team Canada Trade Mission to
India in November 2026.
·
The mission will explore partnerships in:
o artificial intelligence,
o critical minerals,
o semiconductors,
o renewable energy,
o nuclear energy,
o digital infrastructure,
o clean technology,
o and advanced manufacturing.
Canada–India Building Bridges Event
in Toronto
Large Industry Participation
·
Piyush Goyal delivered the keynote address at the Canada–India Building
Bridges event at the World Trade Centre Toronto.
·
The event was hosted by:
o Global Affairs Canada,
o Confederation of Indian Industry,
o and ASSOCHAM.
·
More than 150 representatives from business and investor groups
participated.
Strategic Sectors Highlighted
Discussions covered opportunities in:
·
advanced manufacturing,
·
pharmaceuticals and biotechnology,
·
clean technology,
·
energy,
·
and oil & gas.
Canada–India Investment Roundtable
Focuses on Strategic Investments
Participation by Major Financial
Institutions
·
The Canada–India Investment Roundtable was co-chaired by both ministers.
·
Participants included:
o Canadian pension funds,
o banks,
o institutional investors,
o and senior government officials.
Key Investment Themes
Piyush Goyal highlighted
opportunities in:
·
infrastructure,
·
clean energy,
·
AI,
·
digital infrastructure,
·
manufacturing,
·
and supply chain diversification.
·
Discussions also focused on:
o India’s financial reforms,
o ease of doing business,
o and sustainable growth partnerships.
One-on-One Meetings with Canadian
Companies and Investors
Sectors Covered
·
Piyush Goyal met leading Canadian firms from:
o insurance,
o banking,
o food processing,
o and critical minerals processing
sectors.
Key Issues Discussed
Talks included:
·
India’s macroeconomic outlook,
·
trade agreement momentum,
·
Production Linked Incentive (PLI) schemes,
·
India’s STEM talent base,
·
growth of Global Capability Centres (GCCs),
·
and regulatory reforms.
Tribute at Kanishka Memorial
·
Piyush Goyal visited the Kanishka Memorial at Humber Bay Park.
·
He:
o laid a wreath,
o met families of victims,
o and paid tribute to those killed in
the Air India Flight 182 bombing.
Address to Indian Diaspora in
Brampton
Focus on Business and Cultural Ties
·
At a reception hosted by the Consulate General of India in Toronto at
the Pearson Convention Centre, Piyush Goyal addressed members of the Indian
diaspora.
·
He emphasized:
o the Indian community’s role in
strengthening the India–Canada business corridor,
o promoting investments,
o supporting Indian businesses,
o and enhancing cultural exchanges.
Largest-Ever Indian Business
Delegation to Canada
·
Piyush Goyal is leading the largest Indian business delegation ever to
Canada.
·
The delegation includes leaders from:
o more than 100 Indian companies.
·
The three-day visit began in Ottawa on 25 May 2026 and aims to
accelerate the revival of India–Canada economic relations and CEPA
negotiations.
[ABS News Service/27.05.2026]
Union Minister of Commerce and
Industry Piyush Goyal held a series of high-level meetings with senior Canadian
business leaders and institutional investors in Toronto, Canada on Day 2 of his
visit, aimed at deepening bilateral cooperation and promoting investments and
technology partnerships across strategic sectors.
The day began with Piyush Goyal
delivering the keynote address at the Canada–India Building Bridges event
hosted by Global Affairs Canada, CII, and ASSOCHAM at the World Trade Centre
Toronto. The event witnessed participation from more than 150 representatives
from businesses, investor groups, and industry associations across sectors
including advanced manufacturing, pharmaceuticals and biotechnology, clean
technology, energy, and oil and gas.
This was followed by a fireside chat
between Piyush Goyal and Canada’s Minister of International Trade Mr. Maninder
Sidhu, during which Mr. Goyal highlighted the growing complementarities between
India and Canada and underscored the need for a more robust and predictable
business ecosystem driven by stronger government-industry collaboration.
Minister Sidhu expressed his commitment to building closer bilateral ties,
appreciated the presence of the largest-ever Indian business delegation to
Canada, and announced a Team Canada Trade Mission to India later this year in
November. The proposed mission aims to bring Canadian companies to India to
explore opportunities for collaboration across sectors such as artificial
intelligence, critical minerals, nuclear energy, renewable energy,
semiconductors, clean technology, digital infrastructure, and advanced
manufacturing. Both sides reaffirmed their shared objective of expanding
bilateral trade to USD 50 billion by 2030 and concluding the CEPA negotiations
by the end of the year.
This was followed by the Canada–India
Investment Roundtable, co-chaired by both Ministers. The roundtable was
attended by leading Canadian financial investors, including pension funds and
banks, along with senior government representatives from both India and Canada.
Discussions focused on the Government of India’s continued emphasis on
infrastructure development, financial sector reforms, and ease of doing
business, which are creating significant opportunities for global investors. Mr.
Goyal invited stakeholders to partner with India in sectors such as clean
energy, technology, digital infrastructure, artificial intelligence,
manufacturing, and supply chain diversification, while also exploring avenues
to deepen cooperation in financial markets to support sustainable growth and
shared prosperity for both countries.
Piyush Goyal also held one-on-one
meetings with leading Canadian companies across sectors including insurance,
food processing, banking, and critical minerals processing, as well as key
financial investors. Discussions focused on their expanding interests in India
and covered subjects including India’s macroeconomic outlook, the Government’s
renewed focus on trade agreements over the past one and a half years,
opportunities across high-growth sectors, the availability of STEM talent and
the consequent rise of Global Capability Centres (GCCs), Production Linked
Incentive (PLI) schemes encouraging strategic investments, and India’s
continuously improving regulatory environment.
Piyush Goyal visited the Kanishka
Memorial at Humber Bay Park, where he laid a wreath, interacted with the
families of the victims, and paid solemn homage to those who lost their lives
in the Air India AI 182 terror attack.
The day concluded with a reception
hosted by the Consulate General of India, Toronto at the Pearson Convention
Centre in Brampton. Addressing members of the Indian diaspora, Piyush Goyal
underlined the strength of the Indian community in Canada and its important
role in deepening the India–Canada business corridor. He also emphasised that
the Indian diaspora has a vital role to play not only in expanding business and
investment linkages with India, but also in promoting stronger cultural
exchanges, community engagement, and the growth of Indian businesses across
Canada.
Mr. Goyal is leading 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, which commenced with key engagements
in Ottawa on May 25, is 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).