Prime Minister Modi and Canadian PM Mark Carney met at Hyderabad House on Monday morning. PM Narendra Modi said, “Discussions have taken place on an investment-trade deal between India and Canada. In civil nuclear energy, we have reached a historic agreement for the long-term supply of uranium. MoUs have been signed between the two countries covering several sectors. This will create new employment opportunities in both countries. In addition, we will collaborate on the development of small modular reactors and advanced reactor technologies. Adding value to agriculture, agricultural technology, and food security is also among our goals.” Regarding the Iran war in West Asia, the PM said, “India is concerned about the tensions in West Asia. India wants peace and stability in the world. Every problem should be resolved through dialogue.” The PM further said, “We agree that terrorism, extremism, and radicalism pose serious challenges not only to our two countries but to all of humanity. Our close cooperation is essential to address these threats to global peace and stability. India’s position on various current issues is clear. An India-Canada Pulse Protein Centre of Excellence will be established in India.” Growing cooperation in the defense and security sector is a symbol of our deep mutual trust and mature relationship. We will work to promote defense industries, maritime domain awareness, and military exchanges. To this end, we have decided today to establish the India-Canada Defense Dialogue. 10-Year Uranium Supply Agreement
The primary objective of PM Carney’s visit is a 10-year uranium supply agreement between India and Canada. It is reported that this deal could be worth approximately $3 billion. Canada is the world’s second-largest uranium producer. The Nuclear Cooperation Agreement between India and Canada came into effect in 2013, after which Canada began supplying uranium to India. India wants to purchase more uranium for its rapidly growing nuclear energy sector. 4 photos from PM Carney’s visit to India… Canada promoting investment in India India is currently one of the world’s fastest-growing major economies. According to Canadian government data, annual trade between the two countries exceeds $21 billion. More than 600 Canadian companies operate in India. Major exports from India to Canada include pharmaceuticals, gems, jewelry, and marine products. Major Canadian pension funds have already made significant investments in sectors such as real estate and logistics in India. According to reports, they have invested over $100 billion (approximately ₹8 lakh crore) in India. Canada now intends to further expand this investment. Canadian Prime Minister Mark Carney stated that while there have been occasional political differences between the two countries, Canada will remain a reliable partner in India’s rapidly growing economy. Relations soured after Nijjar’s murder. Relations between the two countries deteriorated following the 2023 assassination of Sikh separatist leader Hardeep Singh Nijjar. Canada blamed India for Nijjar’s murder. Then-Canadian Prime Minister Justin Trudeau stated in Parliament that Canadian security agencies had found evidence that Indian government agents may have been involved in the murder. He described it as an attack on Canadian sovereignty. India strongly denied these allegations. India stated that Khalistani extremists and terrorists were openly active in Canada, carrying out activities against India, while Canada failed to take action against them. Following this, the two countries expelled several diplomats. India temporarily suspended visa services for Canadian citizens. Canada also cancelled trade missions to India, and travel advisories were issued on both sides. Dialogue virtually ceased, and important discussions like CEPA stalled. After Justin Trudeau stepped down and Mark Carney became Prime Minister (March 2025), both countries attempted to improve relations. With one in four Canadians being of foreign origin, Canada is among the countries with the fastest-growing immigrant population. According to the 2021 official census, approximately 8.36 million people in Canada are foreign-born, representing approximately 23% of the country’s total population. This figure was released by Statistics Canada. Experts say that immigrants play a significant role in Canada’s economy and population growth, but debate on this issue has intensified in recent years. According to the Indian Ministry of External Affairs, approximately 1.6 million people of Indian origin live in Canada. Around 300,000 (approximately 303,000) are of Pakistani origin.
