During Canada visit, the Indian Finance Minister Nirmala Sitharaman has invited Canadian businesses and investors to invest in India and suggested to consider the country as a partner and platform for global growth and to build long-term operations and partnerships that serve India and wider global markets. She added that India is rapidly becoming a platform for global manufacturing, innovation, and exports, while reforms, digitalisation, infrastructure investment and targeted policy support were steadily strengthening the environment for long-term investment in the country.
Further, she highlighted opportunities for Canadian companies in financial services and the Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC), which can serve as a platform for India and regional strategies. She emphasized that India’s reform-led transformation and strong growth trajectory have opened opportunities to build a more resilient, investment-led India-Canada economic partnership. As India advances towards Viksit Bharat 2047, she called for deeper economic integration, combining Canadian capital, technology and expertise with India’s scale, talent and industrial capabilities.
Moreover, she underlined the potential of India’s Digital Public Infrastructure (DPI) as an avenue for technology, innovation and next-generation services. She also highlighted the strong complementarity between India and Canada in clean-energy and critical-mineral value chains, particularly as both countries work towards more resilient and diversified global supply chains. The bilateral trade in goods and services both countries stood at around $24 billion in 2024 and the both sides are aiming take the towards $70 billion annually by 2030. Meanwhile, Sitharaman stressed that the opportunity extends well beyond trade and Canada’s capital, technology, innovation and natural resources can complement India’s scale, talent, manufacturing capabilities and rapidly expanding market.
