Prime Minister Modi made this announcement in a joint press conference after talks with Canadian Prime Minister Mark Carney in New Delhi. He said, “Growing cooperation in the field of defense and security is a symbol of our deep mutual trust and maturity of relations. We will enhance defense industry, maritime domain awareness and military exchanges. Today we have decided to establish India-Canada Defense Dialogue.”
PM Modi warmly welcomed Mark Carney to India and described his visit as an important one.
The Prime Minister said that since the first meeting between the two countries, there has been energy, mutual trust and positivity in relations. He said, “There are very few people in the world whose resume includes leading the central banks of two countries. I credit my friend Prime Minister Carney for the momentum of our growing partnership.”
Prime Minister Modi also said that India and Canada aim to increase bilateral trade to $50 billion by 2030. He announced that the two leaders will soon finalize the India-Canada Comprehensive Economic Partnership Agreement.
PM Modi said, “India and Canada share a deep commitment to democratic values. We celebrate diversity and have a shared vision for human well-being. Today we discussed translating this vision into a next-level partnership.”
He said that unlocking the full potential of economic cooperation is the most important priority. For this, both the leaders have decided to finalize the agreement soon. “This will create investment and employment opportunities in both countries. Canadian pension funds have invested $100 billion in India, which shows their confidence in India’s growth story,” he said.
The Prime Minister described agriculture, agri-technology and food security as a shared priority and announced that an India-Canada Pulse Protein Center of Excellence will be set up in India.
He said, “We are pleased that Canada has joined the International Solar Alliance and the Global Biofuel Alliance. We will hold the India-Canada Renewable Energy and Storage Summit this year to advance joint efforts. In civil nuclear energy, we have signed a historic agreement for long-term uranium supply. We will also work together on small modular reactors and advanced reactors.”
PM Modi said that people-to-people relations are the driving force of bilateral relations. “Today we have taken several important decisions to further strengthen them. New partnerships have been announced between several universities in the fields of AI, health, agriculture and innovation. Canadian universities have also agreed to open campuses in India,” he said.
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