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India and Canada agree to boost economic partnership in a move to reset ties

The $2.6 billion uranium deal spans nine years and supports India’s plan to expand nuclear power capacity to 100 GW by 2047, reflecting renewed economic and strategic ties.

  • India and Canada agreed to finalize a comprehensive economic partnership to increase bilateral trade to $50 billion by 2030.
  • The two countries signed a nuclear agreement under which Canada will supply uranium to India, and will work together on areas like defense industries and maritime domain awareness.
  • Canada's Prime Minister Mark Carney said Ottawa and New Delhi would deepen engagement across defense, security, artificial intelligence and space technologies as part of Canada's effort to diversify trade away from the United States.
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Business Wire broke the news in Crystal River, United States on Sunday, March 1, 2026.
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