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India and Canada Sign Landmark Uranium, Energy, and Trade Deals
India and Canada have agreed on critical mineral cooperation, a $1.9B uranium supply deal, renewable energy projects, and a renewed defence and economic partnership, marking a reset in ties after 2023 tensions.
ND
by News Desk
2026-03-02
India and Canada Sign Landmark Uranium, Energy, and Trade Deals

India and Canada reached a series of agreements on Monday, including critical mineral cooperation and a “landmark” uranium supply deal, strengthening nuclear energy, trade, and defence partnerships between the two nations.

The agreements were announced following talks between Indian Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney in New Delhi. Modi described the relationship as infused with “new energy, mutual trust, and positivity,” signaling a significant reset after a sharp deterioration in 2023. That year, Ottawa accused New Delhi of orchestrating attacks against Sikh activists in Canada—a claim India rejected.

“This is not merely the renewal of a relationship. It is the expansion of a valued partnership with new ambition, focus, and foresight,” Carney said, highlighting efforts to diversify Canadian trade beyond the United States.

Nuclear and Energy Cooperation

India, the world’s most populous country with 1.4 billion people, aims to expand its nuclear power capacity from 8 gigawatts to 100 gigawatts by 2047. Modi announced a long-term uranium supply deal and plans for collaboration on small modular and advanced nuclear reactors. Carney described the agreement as part of a “strategic energy partnership” valued at $1.9 billion, supporting India’s nuclear ambitions.

Canada will also supply liquefied natural gas (LNG) and assist India in accessing critical minerals for clean technology and manufacturing.

Trade and Economic Cooperation

The countries aim to resume negotiations on the Comprehensive Economic Partnership Agreement (CEPA), targeting $50 billion in bilateral trade. Modi emphasized that the pact would open “new opportunities to invest and create jobs in both countries.” Carney said he hopes to finalize the agreement by the end of the year to reduce barriers and increase trade certainty.

Canadian pension and wealth funds have already invested $73 billion in India, reflecting growing economic ties.

Defence and Security Partnership

In addition to economic and energy deals, the leaders agreed to renew security cooperation through a new defence partnership, signaling broader collaboration beyond trade and energy.

Historical Context

Relations had collapsed in 2023 following the killing of Hardeep Singh Nijjar, a Canadian citizen advocating for an independent Sikh state. Both nations expelled diplomats, and ties remained strained until Carney took office in March 2025. Diplomatic engagement has since improved, with restored envoys and renewed dialogue.

Following his India visit, Carney will travel to Australia and Japan as part of Canada’s strategy to diversify economic partnerships and reduce dependence on the United States, which accounts for over 75% of Canadian exports.

The agreements mark a significant step in rebuilding trust and expanding bilateral cooperation between India and Canada across nuclear energy, trade, minerals, and security.
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