India, Canada sign $2.6 billion uranium deal, set $50 billion trade target by 2030

On March 3, 2026, India and Canada signed a $2.6 billion uranium supply agreement in New Delhi, with Prime Minister Narendra Modi and Canadian representatives in attendance. The deal is designed to bolster India's civil nuclear energy sector. In a related development, the two nations also inked a Memorandum of Understanding (MoU) concerning critical minerals. Furthermore, India and Canada have established an ambitious bilateral trade target of $50 billion, which they aim to achieve by the year 2030.