India and Canada plan to finalise a free trade agreement by the end of 2026, aiming to boost bilateral trade and restore ties after diplomatic tensions. The visit also saw a CAD 2.6 billion (USD 1.9 billion) uranium deal to support India’s nuclear energy projects.

India and Canada aim to conclude a free trade agreement by the end of 2026, Prime Minister Mark Carney said on 2 March 2026, during his first visit to New Delhi.

The deal is intended to restore economic ties after years of diplomatic tension.

Both countries hope the agreement will boost bilateral trade from nearly USD 9 billion in 2024‑25 to USD 50 billion by 2030. They have also agreed on a CAD 2.6 billion (USD 1.9 billion) uranium supply deal with Canada’s Cameco (CCO.TO) to support India’s nuclear energy projects, including small modular and advanced reactors.

Relations had deteriorated in 2023 following accusations by former Canadian Prime Minister Justin Trudeau regarding the killing of a Canadian Sikh separatist, which India rejected.

Carney’s visit focuses on resetting ties and expanding cooperation in clean energy, critical minerals, and agricultural value chains.