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India, Canada sign pacts on critical minerals, uranium supply as ties warm

March 2, 2026

India and Canada have signed multiple agreements to strengthen their bilateral ties, focusing on uranium supply and critical minerals. The deal includes a supply of nearly 22 million pounds of uranium ore concentrate from Canada's Cameco to India over a nine-year period, alongside plans to boost bilateral trade to $50 billion by 2030.

Reuters

Credit: Canadian Prime Minister Mark Carney and Prime Minister Narendra Modi pose for a photo during the G7 Leaders' Summit in Kananaskis, in Alberta, Canada, June 17, 2025. File Photo/

Key Highlights

Canada's Cameco will supply 22 million pounds of uranium to India from 2027 to 2035.
India and Canada aim to increase bilateral trade from $9 billion to $50 billion by 2030.
A comprehensive economic partnership agreement is set to be finalized by the end of 2026.
The countries agreed to cooperate on small modular nuclear reactors and advanced reactors.
The agreements mark a significant warming of relations between India and Canada.

Business India

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

India, Canada sign pacts on critical minerals, uranium supply as ties warm

Key Highlights

Sources

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