India-Canada Economic Cooperation

Why in News

The 7th India-Canada Ministerial Dialogue on Trade and Investment was held in New Delhi on November 13, 2025.

India-Canada Economic Dialogue

• This dialogue was part of the New Roadmap 2025, designed to accelerate trade and investment relations between the two countries.
• India's Commerce and Industry Minister Piyush Goyal and Canada's Minister of International Trade and Economic Development Maninder Sidhu participated in it.

Key Points

Strengthened Partnership on Critical Minerals

• In a joint statement, the two countries announced that they will develop a long-term supply chain partnership in critical minerals.
  • It is noteworthy that critical minerals are essential for the global energy transition, battery manufacturing, electric vehicles, and new-generation technologies.
• This partnership will significantly benefit India in energy security and industrial expansion, while for Canada it provides an opportunity to connect with a reliable and rapidly growing market.

Joint Work Cooperation Areas

• Clean Energy
• Energy Transition
• New-age Industrial Expansion

These sectors are considered the backbone of the future global economy, and India-Canada cooperation holds strategic importance for both countries.

Opportunities in Aerospace and Dual-use Capabilities

• The two Ministers also agreed to identify and expand investment and business opportunities in the aerospace sector and dual-use technologies.
• Drones, defense-use technologies, space cooperation, and high-performance materials could be covered under this partnership.