Prime Minister Narendra Modi underscored the government’s transformative efforts to simplify business operations nationwide during his address at the India-Canada CEO Forum in New Delhi on Monday.
India’s economy is surging ahead as one of the fastest globally, propelled by strong internal consumption, a vibrant youth population, surging investments, and swift digital adoption, according to PM Modi. He attributed this success to an aggressive wave of reforms.
From streamlining policies and rolling out PLI schemes to upgrading logistics, overhauling taxation, and refining insolvency processes, the government is leaving no stone unturned to foster a pro-business ecosystem.
PM Modi urged CEOs from India and Canada to play their pivotal role in translating policy frameworks into tangible outcomes. With economies totaling over $6 trillion together, the two nations share common goals that can drive unprecedented collaboration.
A major highlight was the announcement of nuclear energy partnerships. The $2.6 billion uranium supply agreement marks a landmark in bilateral trade, securing India’s nuclear fuel needs for years to come and enhancing clean energy pursuits.
Both sides expressed commitment to deepening ties in sustainable energy, including collaborative R&D on innovative reactor technologies such as small modular and advanced nuclear reactors.
In parallel, negotiations for the Comprehensive Economic Partnership Agreement (CEPA) will be expedited, paving the way for broader trade integration. PM Modi’s vision positions India as a global investment magnet, with Canada as a key ally in this journey.