India and Canada signed a series of agreements on Monday to strengthen cooperation in critical minerals, nuclear, and solar energy during Canadian Prime Minister Mark Carney’s visit to New Delhi.
Canadian Foreign Affairs Minister Anita Anand and External Affairs Minister S. Jaishankar exchanged documents of three memorandums of understanding in the presence of Prime Minister Narendra Modi and Carney. The MoUs cover cooperation in critical minerals, renewable energy promotion, and cultural exchanges.
Canadian mining company Cameco Corp. signed a $1.9 billion agreement to supply uranium to India as the country expands nuclear power generation to meet renewable energy targets.
PM Modi said the two countries had reached a landmark long-term uranium supply deal and would also collaborate on small modular and advanced reactors. He added that Canada would join the International Solar Alliance and the Global Biofuel Alliance, and that an India-Canada Renewable Energy and Storage Summit would be held this year.
PM Modi said the critical minerals agreement would strengthen supply chain resilience. Canada has significant reserves of cobalt, nickel, lithium, and copper used in industrial and electronic goods.
Carney said the two nations would deepen cooperation across defence, security, artificial intelligence, and space technologies, and expand collaboration in wind, solar, and hydrogen energy. The countries also agreed on terms of reference for a trade deal to improve market access and investment, and announced a defence dialogue focused on industrial collaboration and maritime awareness.
Ties have improved since Carney succeeded Justin Trudeau, after relations deteriorated in 2023 over allegations related to the killing of Hardeep Singh Nijjar.