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India and Canada have formally signed a landmark deal on use of uranium.

The Canadian Prime Minister Mark Carney, who is now in New Delhi on a state visit, held talks with the Prime Minister Narendra Modi on Monday the 2nd of March 2026.

Both the leaders in their separate statements at the Hyderabad House acknowledged to discuss wide range of issues, including defence, civil nuclear cooperation, economic partnership, and regional security.

“India and Canada will work to enhance defence industries, maritime domain awareness,” PM Modi said.

On civil nuclear cooperation, he added, “India and Canada will work together on small modular reactors.”

The two countries also agreed to expedite finalising a “comprehensive economic partnership agreement,” while emphasising that the shared commitment to global “well-being of humanity is a shared vision of India and Canada.”

Expressing grave concerns over the ongoing crisis in the Middle East, PM Modi highlighted the shared responsibility of democracies.

“India’s position on the many ongoing tensions in the world is clear. We have always called for maintaining peace and stability, and when two democracies stand together, the voice for peace becomes even stronger,” he said.

“Situation in West Asia is a matter of grave concern for us. India supports the resolution of all conflicts through dialogue and diplomacy. We will keep working with countries in West Asia to ensure safety of Indians there.”

He further highlighted security challenges, saying, “We agree that terrorism and radicalisation are shared and serious challenges not only for India and Canada but for all of humanity.”

Several key agreements are formalised after the delegation-level talks between Canada’s PM Mark Carney and PM Modi.

Canada’s Minister of International Trade Maninder Sidhu and External Affairs Minister S. Jaishankar exchanged documents for a trilateral Memorandum of Understanding (MoU) on technology and innovation cooperation between India, Canada, and Australia.

In a separate exchange, Canadian Foreign Affairs Minister Anita Anand and EAM S. Jaishankar formalised three additional MoUs covering critical mineral cooperation, promotion of renewable energy, and cultural cooperation.

“These agreements aim to deepen strategic collaboration and strengthen bilateral as well as trilateral partnerships across key sectors,” the officials said.

Speaking at a joint press conference at the Hyderabad House the Prime Minister  described the visit by his Canadian counterpart as an important milestone.

“I am very pleased to welcome Prime Minister Carney to India. This is his first visit to India as Prime Minister, and we see it as an important milestone. Last year, at the G7 meeting in Canada, he warmly welcomed me and my delegation. Today, it is my privilege to welcome him with the same warmth,” Modi added.

The newly signed agreements are expected to bolster collaboration in emerging technologies, secure critical mineral supply chains, expand renewable energy partnerships, and promote cultural exchanges, ushering in a new chapter in India-Canada relations.