Union Minister of Commerce and Industry Shri Piyush Goyal concluded a three-day visit to Canada on May 28, 2026.
The visit included engagements in Toronto spanning academia, innovation, government, business councils, institutional investors, and the Indian diaspora community.
Bilateral trade between India and Canada currently stands at approximately USD 8.5 billion.
Both governments have a shared target of expanding bilateral trade to USD 50 billion by 2030.
Shri Goyal led the largest-ever Indian business delegation to Canada, comprising industry leaders from over 100 Indian companies.
The visit aimed at advancing bilateral trade and economic ties with a focus on accelerating negotiations for the India-Canada Comprehensive Economic Partnership Agreement (CEPA).
Engagements included a meeting with Hon'ble Doug Ford, Premier of Ontario, discussing cooperation across manufacturing, technology, infrastructure, clean energy, food processing, and critical minerals.
Meeting with Mr. Goldy Hyder, President and CEO of the Business Council of Canada, focused on strengthening commercial engagement across technology, infrastructure, clean energy, critical minerals, and advanced manufacturing.
Discussion with Ms. Jo Taylor, President and CEO of Ontario Teachers’ Pension Plan, covered investment opportunities in infrastructure, renewables, financial services, healthcare, technology, and the digital economy.
Meeting with Mr. John Graham, President and CEO of CPP Investments, discussed expanding long-term institutional investments into India across infrastructure, logistics, renewable energy, transportation, financial services, and digital infrastructure.
Visit to the Ontario Centre of Innovation (OCI) included discussions on emerging areas of technology including Artificial Intelligence and Quantum Computing.
The Minister highlighted potential for bilateral cooperation in AI, cleantech, agritech, and deep tech sectors.
The visit covered Ottawa on May 25 and Toronto from May 26–28.
