India, Canada vow deeper ties, set $50-bn trade target by 2030

The two sides have set a target of USD 50 billion for bilateral trade by 2030, Modi said. The figure currently stands at around $30 billion.

In another key development, India and Italy agreed to a joint initiative for combating terror financing, during talks between Modi and PM Giorgia Meloni.

“We appreciated the significant momentum in our bilateral ties since our earlier meeting held during the G7 Summit hosted by Canada. We agreed to further advance our relations in the coming months, particularly in trade, investment, technology and innovation, energy and education,” he said after meeting Carney. India and Canada have great potential in strengthening trade and investment linkages, Modi said, adding that Canadian Pension Funds are also showing keen interest in Indian companies.