FM Sitharaman pitches India as gateway for Canadian investors, highlights GIFT City, UPI for deeper financial collaboration
- Finance Minister Nirmala Sitharaman described India and Canada as the most natural partners globally, highlighting their shared democratic values and growing economic ties during her visit to Toronto.
- Canadian pension funds have already invested CAD 100 billion in India, demonstrating strong long-term confidence in India's growth and opportunities for deeper Canadian investment.
- Sitharaman promoted India’s Unified Payments Interface and GIFT City as key platforms for financial collaboration and gateways for foreign investment, inviting Canadian banks, fintech firms, and investors to engage further.
- India and Canada aim to more than double bilateral trade to CAD 70 billion by 2030 and are working on a Comprehensive Economic Partnership Agreement to strengthen their strategic partnership.
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Devdiscourse
FM Sitharaman pitches India as gateway for Canadian investors, highlights GIFT City, UPI for deeper financial collaboration
Read more about FM Sitharaman pitches India as gateway for Canadian investors, highlights GIFT City, UPI for deeper financial collaboration on Devdiscourse.
Fastest-growing India has scale, growth and a young population, Sitharaman tells Canadian investors
Finance Minister Nirmala Sitharaman urged Canadian investors to tap India’s fast-growing economy, highlighting its scale, young population, expanding consumption, digital infrastructure and deepening capital markets. She also stressed opportunities in fintech, payments and financial services, as India and Canada strengthen economic ties through CEPA negotiations, uranium cooperation and plans to more than double bilateral trade by 2030.
‘India, Canada most natural partners; bond goes deeper than any trade pact’: Nirmala Sitharaman
The Finance Minister arrived in Toronto on Tuesday for a four-day official visit to Canada, aimed at boosting bilateral trade, investment linkages, and financial cooperation.
India, Canada most natural partners; bond goes deeper than any trade pact, says FM Nirmala Sitharaman - The Tribune
Finance Minister Nirmala Sitharaman highlighted India and Canada as 'most natural partners' during her Toronto visit. Addressing the Indian business diaspora, she emphasised transforming bilateral ties, ongoing CEPA negotiations, expanding trade targets to C$70 billion by 2030, and growing institutional collaborations in digital financial infrastructure.
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