India and Canada are working together to enhance their partnership through three main areas which include trade and energy and critical mineral resources. The two nations are currently engaged in trade talks. The purpose of these negotiations is to develop enduring economic ties together with energy partnerships between the two nations.
Canada Highlights India’s Role in the Energy Sector
- During his visit to India, Canadian Energy Minister Tim Hodgson said that India is becoming one of the world’s most important energy markets. He stated that Canada must do business with India if it wants to grow as a global energy power. He confirmed that both nations are advancing their trade partnership through initiatives which include energy research and development projects.
- Tim Hodgson added that Canada is prepared to supply crude oil, petroleum products, and natural gas to India. The two countries will increase oil and gas trade through this agreement between them.
India Focuses on Future Energy Collaboration
- After discussions with the Canadian minister, India’s Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said that several trade agreements are under discussion. The negotiations involve hydrogen together with biofuels and battery storage technology and critical mineral resources and power system components. He also mentioned that artificial intelligence technology will increasingly influence operations in the energy sector.
- Hardeep Singh Puri added that India’s share of global energy demand is expected to rise to 30–35 percent by 2050. India will become the world third biggest energy market due to this expansion.
