India's Trade Minister Piyush Goyal is set to visit Canada from May 25 to May 27, leading a delegation of approximately 150 Indian business leaders. This visit is part of ongoing efforts to bolster trade and investment ties between India and Canada, particularly after recent diplomatic tensions that had slowed bilateral trade discussions. During his visit, Goyal will engage in meetings with Canadian ministers, business leaders, and industry groups in Ottawa and Toronto.

The primary focus of the discussions will be on finalizing a free trade agreement that encompasses sectors such as energy and critical minerals, which are vital for both economies. Goyal emphasized that this agreement would also create new opportunities for Indian industries, particularly in textiles and leather. The discussions will further explore cooperation in technology, food processing, and clean energy.

Currently, Canadian pension funds and companies have invested nearly $100 billion in India, and there are about 600 Canadian companies operating in the country. The goal is to increase this number to 1,000 and achieve $50 billion in bilateral trade within the next five years, strengthening the economic relationship between the two nations.