Optimism is high in India’s garment export circles following the thaw in India-Canada relations and fresh CEPA talks, as projected by the Apparel Export Promotion Council (AEPC). A signed agreement could see exports to Canada double from $250 million within three years.
AEPC’s Dr. A. Sakthivel highlighted the deal’s potential to drive investments and jobs while fortifying trade on mutual economic pillars. Enhanced collaborations in technology, R&D, AI, and automation will empower producers to boost output and adhere to world-class norms.
The council lauded Canadian PM Mark Carney’s India trip, featuring a CEO Forum appearance with PM Modi to underscore economic collaboration and CEPA advancement. Parallelly, a Strategic Energy Partnership was inked, securing 22 million pounds of uranium from Cameco for India’s nuclear program through 2035.
“Such ties pave the way for sustainable energy and position India as a premier ethical sourcing partner,” Dr. Sakthivel remarked. Dialogues prioritized diplomatic recalibrations, skill enhancement, and talent flows.
With Dinesh K. Patnaik’s appointment as High Commissioner, relations are steadying. Projections link CEPA to trade escalation over $70 billion by 2030, offering apparel exporters a strategic edge in competitive global markets through innovation and reliability.