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Business
Canada’s Trade Minister Sidhu Sets $70 Billion India Trade Goal for Next Five Years
✍️ NDTV Top
🗓 02 Oct 2026, 05:58 AM
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Canadian Trade Minister Maninder Sidhu said Canada aims to boost bilateral trade with India to $70 billion within five years. He also noted that Canada is currently the largest collective foreign investor in India, with over $100 billion already invested.
Speaking to NDTV, Trade Minister Maninder Sidhu outlined Canada's ambition to increase trade with India to $70 billion over the next five years. He emphasized that this target builds on the strong economic relationship already existing between the two nations.
Sidhu highlighted that Canada presently holds the position of the largest collective investor in India, with cumulative investments exceeding USD 100 billion. This existing financial footprint, he said, provides a solid foundation for expanding trade ties.
The minister expressed confidence that achieving the $70 billion trade goal would further deepen bilateral cooperation, benefiting businesses and consumers in both countries. He did not provide a detailed roadmap but stressed commitment to strengthening economic ties.
Sidhu highlighted that Canada presently holds the position of the largest collective investor in India, with cumulative investments exceeding USD 100 billion. This existing financial footprint, he said, provides a solid foundation for expanding trade ties.
The minister expressed confidence that achieving the $70 billion trade goal would further deepen bilateral cooperation, benefiting businesses and consumers in both countries. He did not provide a detailed roadmap but stressed commitment to strengthening economic ties.