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India-Canada Sign $2.6 Billion Uranium Supply Agreement

  • 03 Mar 2026

On 2nd March 2026, India and Canada signed a landmark $2.6 billion uranium supply agreement during talks between Indian Prime Minister and Canadian Prime Minister.

Key Points

  • Long-Term Uranium Supply: The agreement ensures a stable and long-term fuel supply for India’s civil nuclear energy programme.
  • Clean Energy Cooperation: Both leaders emphasised strengthening collaboration in clean and reliable energy sectors.
  • Advanced Nuclear Technologies: Agreement to cooperate on small modular reactors (SMRs) and advanced nuclear reactor technologies.
  • CEPA Negotiations Accelerated: Both sides decided to fast-track talks on the Comprehensive Economic Partnership Agreement (CEPA), targeting finalisation by end-2026.
  • Trade Target Set: Leaders aim to increase bilateral trade to $50 billion by 2030.
  • Critical Minerals Partnership: Agreement signed to strengthen cooperation in critical minerals to build resilient supply chains.
  • Renewable Energy & Climate Action: Canada welcomed into the International Solar Alliance and the Global Biofuel Alliance.