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Canada PM Meets Ambani, Aims to Double Trade with India via Reliance

Canadian Prime Minister Mark Carney met with Reliance Industries Chairman Mukesh Ambani in Mumbai to explore partnerships between the conglomerate and Canadian businesses. The discussions focused on boosting trade and investment in sectors like energy, critical minerals, and technology. Carney's visit, at the invitation of Prime Minister Narendra Modi, also included bilateral talks in New Delhi to strengthen the strategic partnership. The two nations formally launched negotiations for a Comprehensive Economic Partnership Agreement, targeting $50 billion in bilateral trade by 2030.

Key Points: Canada PM, Mukesh Ambani Discuss Trade & Investment Partnership

  • Reliance-Canada business partnerships
  • Doubling bilateral trade
  • Focus on energy & critical minerals
  • CEPA trade agreement negotiations
  • $50 billion trade target by 2030
2 min read

Canada PM, Mukesh Ambani discussed potential of Reliance partnership with Canadian businesses at Mumbai meet

Canadian PM Mark Carney meets Mukesh Ambani to discuss Reliance partnerships with Canadian businesses, aiming to double bilateral trade with India.

"Canada is on a mission to double our trade with India and attract massive new investment for Canadian businesses. - Mark Carney"

New Delhi, March 3

Canadian Prime Minister Mark Carney has hailed his meeting with Reliance Industries Chairman Mukesh Ambani on partnering with Canadian businesses, as Ottawa looks to expand economic engagement with India and boost bilateral trade. The meeting was held during Carney's visit to Mumbai on February 28.

During his interaction with Ambani Carney explored avenues through which Reliance Industries can collaborate with Canadian enterprises. The discussions focused on strengthening trade and investment ties, particularly in sectors such as energy, critical minerals and technology.

In a social media post on Tuesday, Carney said Canada is on a mission to double its trade with India and attract massive new investment for Canadian businesses.

"Canada is on a mission to double our trade with India and attract massive new investment for Canadian businesses. I met with Mukesh Ambani, Chairman of Reliance Industries, in Mumbai to discuss how they can partner with Canadian businesses. This has the potential to make both our economies stronger, more resilient -- and create high-paying career opportunities in energy, critical minerals, and technology," he stated.

At the invitation of Prime Minister Narendra Modi, Carney made an official visit to India from 27 February to 2 March. This marked his first official visit to the country, which began with his arrival in Mumbai on 27 February.

Following his engagements in Mumbai, Carney arrived in the national capital on Sunday evening. On Monday, he met Prime Minister Narendra Modi at Hyderabad House in New Delhi, where the two leaders held bilateral talks focusing on strengthening cooperation and partnership between the two countries.

During the meeting, both leaders reviewed progress achieved across diverse areas under the India-Canada Strategic Partnership. India and Canada have set a target of achieving USD 50 billion in bilateral trade by 2030, as the two countries formally launched negotiations for a Comprehensive Economic Partnership Agreement (CEPA) in New Delhi on Monday.

According to the Ministry of Commerce & Industry, the Terms of Reference (ToR) for the India-Canada CEPA were signed by Union Commerce and Industry Minister Piyush Goyal and Canada's Minister of International Trade Maninder Sidhu on March 2, 2026, and exchanged in the presence of Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney at Hyderabad House.

- ANI

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Reader Comments

P
Priya S
Good to see focus on critical minerals and technology. Canada has resources, India has manufacturing and innovation capability. A perfect partnership for the future. Hope this creates real jobs here and not just headlines.
R
Rohit P
$50 billion by 2030 sounds great on paper. But let's be honest, these targets are often missed. The real test is simplifying regulations and building trust. The past few years haven't been smooth diplomatically. Actions matter more than MoUs.
S
Sarah B
As someone with family in both countries, I'm thrilled. Stronger economic ties benefit ordinary people through more choices, stable prices, and career opportunities. The CEPA agreement is a crucial step forward.
V
Vikram M
Reliance partnering in Canada's energy sector? Interesting. Jio transformed telecom here. Maybe they can bring that disruptive efficiency to green energy projects there. Win-win.
K
Kavya N
Hope the partnership extends beyond big corporations to SMEs and startups. That's where real innovation and mass employment happens. The CEPA should have clear chapters for small business collaboration.

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