How is the Indian envoy enhancing economic ties with Canadian Minister Victor Fedeli?

Synopsis
Key Takeaways
- Strengthened Economic Ties: Focus on enhancing collaboration between India and Canada.
- Strategic Partnerships: Key sectors identified include energy, technology, healthcare, and life sciences.
- Bilateral Trade Growth: Trade reached USD 23.66 billion in 2024.
- New Roadmap: A roadmap for future cooperation was established.
- Global Context: Emphasis on resilience amid geopolitical tensions.
Ottawa, Oct 21 (NationPress) The Indian Acting Consul General in Toronto, Kapidhwaja Pratap Singh, engaged in a significant meeting with Canadian Minister of Economic Development, Victor Fedeli, to explore strengthened diplomatic relations ahead of the Minister's forthcoming trade mission to India.
According to a post from the Consulate General of India in Toronto on X, "The conversation showcased the revitalized and forward-thinking collaboration in India–Canada relations, emphasizing economic and business opportunities along the India–Ontario corridor. This meeting also served as a timely overview in anticipation of the Minister's trade mission to India."
After their discussion, Fedeli shared on X, "It was a pleasure to meet with Kapidhwaja Pratap Singh, Acting Consul General of India in Toronto, before our upcoming trade mission to India. We had a fruitful discussion about the shared strengths of our regions and the potential to strengthen partnerships in energy, technology, healthcare, and life sciences."
Previously, on October 13, during her visit to India, Canadian Foreign Minister Anita Anand met with External Affairs Minister S. Jaishankar in New Delhi to "revitalize and invigorate" the essential mechanisms required to further the bilateral partnership.
Both leaders established an ambitious cooperation roadmap for India-Canada ties.
A joint statement released after their discussions indicated that, in alignment with the priorities set by the Prime Ministers of both nations to enhance their relationship, both parties reached an agreement on a 'New Roadmap' for India-Canada relations, rooted in mutual respect for shared democratic values, the rule of law, and a commitment to uphold the principles of sovereignty and territorial integrity.
The Ministers acknowledged that, in light of ongoing global economic uncertainties and rising geopolitical tensions, a robust and resilient India-Canada bilateral relationship is vital.
"Reviving this partnership will not only foster opportunities for increased economic collaboration but also assist in alleviating vulnerabilities stemming from shifting global alliances, ensure more dependable supply chains, and bolster strategic stability in an increasingly complicated international landscape," the statement noted.
Both ministers expressed their satisfaction regarding the growth in bilateral trade, which reached USD 23.66 billion in 2024, and the expanding presence of Indian and Canadian companies in each other's markets, generating employment with significant potential for future expansion.