India, Canada strengthen economic ties on critical minerals, trade and investment

India and Canada agreed to bolster long-term supply chain partnerships in critical minerals and expand investment and trade opportunities, the two countries said in a joint statement.

The statement, issued on Friday (November 14, 2025), followed a visit to New Delhi by Maninder Sidhu, Canada’s Minister of Export Promotion, International Trade, and Economic Development, from November 11 to 14 at the invitation of Minister for Commerce and Industry Piyush Goyal. 

According to the statement, the two Ministers “agreed to encourage long-term supply chain partnerships in critical minerals and clean energy collaboration essential for energy transition, and new-age industrial expansion”.

Mr. Goyal and Mr. Sidhu also agreed to “identify and expand investment and trading opportunities in aerospace and dual-use capabilities partnerships”.

The engagement between the two countries has gained momentum again following the direction provided by the Prime Ministers of India and Canada during their bilateral meeting on the sidelines of the G7 meeting in Kananaskis, Canada. 

The Foreign Ministers of the two countries too issued a joint statement on October 13 aimed at “renewing momentum towards a stronger partnership”, and which identified trade as the cornerstone of bilateral economic growth and resilience.

“The Ministers reaffirmed the strength and continuity of the India-Canada economic partnership and reiterated their commitment to deepening bilateral cooperation through sustained dialogue, mutual respect, and forward-looking initiatives,” the joint statement issued by the Trade Ministers said.