NEW DELHI (Mar 2, 2026) — Prime Minister Narendra Modi and Canadian PM Mark Carney have signed a $1.9 billion uranium supply agreement, marking a major diplomatic "thaw" and a shift toward strategic energy cooperation.

Key Outcomes of the Summit

The visit by PM Carney signals a formal end to the diplomatic friction of previous years, focusing instead on high-tech and resource security.

• Nuclear Energy: Canadian firm Cameco Corp. will provide long-term uranium to fuel India’s nuclear expansion. Both nations also agreed to collaborate on Small Modular Reactors (SMRs).
• Critical Minerals: New pacts ensure India’s access to Canadian lithium, cobalt, and nickel, essential for EV battery and electronics manufacturing.
• Global Alliances: Canada has officially joined the India-led International Solar Alliance and the Global Biofuel Alliance.
• Defense & Trade: Both countries announced a new Defense Dialogue and agreed on terms for a comprehensive trade deal to boost market access.

The "Carney" Pivot

Since succeeding Justin Trudeau, PM Carney has prioritized rebuilding the Indo-Canadian relationship. "India can be a major partner as we plan to double our grid by 2050," Carney stated, emphasizing a shared future in AI and space technology.