dailynewsnblog
October 9, 2026 – Ottawa, Ontario – Global Affairs Canada
Today, the Honourable Maninder Sidhu, Minister of International Trade, announced that he will lead the Team Canada Trade Mission to India, Canada’s largest commercial engagement in India in recent years, with stops in Mumbai and Bengaluru.
From October 12 to 17, 2026, Minister Sidhu will lead nearly 300 delegates who will connect with Indian decision makers, key industry players and potential clients to expand commercial relations and build new partnerships that create good-paying jobs at home. This is the largest trade delegation Canada has sent to India in over 30 years.
The trade mission will include businesses from Canada’s aerospace and space, clean technologies and energy transition, information and communication technologies, life sciences and agri-food sectors.
The trade mission will also build on Minister Sidhu’s work to deepen Canada’s trade relationship with India, which includes ongoing efforts to conclude a comprehensive economic partnership agreement by the end of the year.
Quote
“Nearly 300 Canadian business delegates are joining the Team Canada Trade Mission I am leading to India next week to secure new opportunities for our businesses and workers in one of the world’s fastest-growing markets. By matching Canadian expertise in sectors like aerospace, agri-food and clean technology with India’s growing demand, we will diversify our trade and attract new investment. This is how we will more than double our trade with India to $70 billion by 2030.”
Maninder Sidhu, Minister of International Trade
Quick facts
- Canada is aiming to double exports to markets beyond the United States over the next decade, including doubling two-way trade with India to $70 billion annually by 2030.
- In 2025, two-way goods and services trade between Canada and India totalled $30.4 billion, of which $11.0 billion was in goods.
- In 2025, Canadian merchandise exports to India totalled $3.9 billion, led by vegetables, mineral fuels and oils, and wood pulp. Merchandise imports from India amounted to $9.7 billion, primarily consisting of precious stones and metals, machinery and pharmaceutical products.
- In 2025, service exports were valued at $15.1 billion. Based on the most recent data (2024), education-related travel accounts for the largest share of total services exported, representing 6.3% of Canada’s total service exports. In 2025, service imports from India totalled $4.3 billion and represented 1.9% of Canada’s total service imports.
- In 2024, multi-national enterprises from India employed 37,902 people through their affiliates in Canada. In 2024, multi-national enterprises from Canada employed 68,941 people through their affiliates in India.
- As reported by Export Development Canada, in 2025, Canadian pension funds and asset managers reported approximately $108 billion in total exposure to India, which included portfolio holdings, direct investments and other investment vehicles deployed across multiple sectors of India’s economy.
- Canadian direct investment to India reached $11.4 billion in 2025, with the top sectors being finance and insurance, utilities and real estate (rentals and leasing). In 2025, foreign direct investment from India totalled $9.7 billion, with the top sectors being finance and insurance, professional, scientific and technical service, transportation equipment and manufacturing.
- Launched in 2022, Canada’s Indo-Pacific Strategy commits to advancing five strategic objectives: security, trade, sustainability, people-to-people ties and regional engagement. It reflects Canada’s commitment to inclusive growth and partnerships with Indo-Pacific economies that create shared prosperity.
