Production Linked Incentives Schemes in India

India-Canada bilateral ties are underpinned by shared values of democracy, pluralism, expanding economic engagement, regular high-level interactions and long-standing people-to-people ties. 

Prime Minister (PM) Modi’s visit to Canada in April 2015 elevated the bilateral relation to a strategic partnership. PM Justin Trudeau paid his first State Visit to India from 18 to 24 February 2018. The visit reaffirmed the breadth and scope of Canada-India relations, based on the fundamental principle of respect for sovereignty, unity, and territorial integrity of the two countries.

    • Both sides pursue bilateral relations through the dialogue mechanisms such as Ministerial level- Strategic, Trade and Energy dialogues; Foreign Office Consultations; and other sector specific joint working groups (JWG).

    • Hon. Prime Minister of India’s visit to Canada in 2015 signified the start of a strategic chapter in our bilateral relations with the signing of 13 agreements including the pact on space cooperation and MoUs in railways, transportation, civil aviation, skill development, the historical deal on Uranium ore procurement and the renewed commitment to bilateral nuclear cooperation.

    • India and Canada are discussing a Comprehensive Economic Partnership Agreement (CEPA) and a Bilateral Investment Promotion and Partnership Agreement (BIPPA/FIPA). The most recent meeting on CEPA was held from 1-3rd June 2021 And last meeting for BEPA was held on 22nd June 2021.

    • Energy has been a prime area of focus in our bilateral ties. There have been three rounds of energy dialogues focusing on core pillars of Hydrocarbon, Coal, and Power. The scope of the dialogue was further expanded in 2018 during PM Trudeau’s visit to India, to include renewable energy, energy efficiency and electricity, reflecting the increasing mutual importance to sustainable development.

    • PM Justin Trudeau’s visit to India in Feb 2018 was marked by Signing of agreements and MOUs on cooperation across ICT, Energy, IPRs, Higher Education, Science & Technology. An MoU was also signed between Invest India and the Investment and Innovation Bureau, Global Affairs Canada on Investment Promotion & Facilitation.

    • Canada is the 21st largest foreign investor in India with a cumulative investment of $1.98 bn from April 2000 to June 2021 out of which over $1 bn was received between 2017 – 2020. Canadian investments represented 0.37% of the total FDI inflows into India.

    • Bilateral trade in goods amounted to $ 5.5 bn in FY20-21, with India's exports to Canada amounting to $2.9 bn and India's imports from Canada amounting to $2.6 bn during the period.

    • Services, Infrastructure and Energy together accounted for 53% of the total FDI investments from Canada to India.

    • Canadian Pension Funds have cumulatively pledged to invest around $50 bn in India.

    • In the 2003-2019 period, Mumbai and Bengaluru were among the top 10 destination cities for Canadian outbound investment in APAC

      • Bengaluru - $5.4bn
      • Mumbai – $5.1bn
    • More than 600 Canadian companies have a presence in India and over 1,000 Canadian companies are actively pursuing business in the Indian market. 

    • In order to strengthen the startup ecosystem in both India and Canada, Invest India has signed a MoU with the Toronto Business Development Centre (TBDC) to foster start-up collaboration.

    • Cultural Relations form the bed-rock of the India – Canada relationship. Canada hosts one of the largest Indian diasporas in the world, numbering 1.6 mn (PIOs and NRIs) which account for more than 3% of its total population. A majority of PIOs live in Greater Toronto, Greater Vancouver, Montreal and Calgary.

    • Diwali has been celebrated on the Parliament Hill in Canada for the last 18 years. For the first time, Canada Post and India Post joined hands to issue a commemorative stamp to mark Diwali in 2017. More than 400 persons and 8 Members of Parliament of Canada attended the 19th ‘Diwali on Hill’ event in October 2019. 

    • Canada was the Country of Focus at the 48th International Film Festival of India held in Goa in November 2017. India and Canada also signed an audio-visual co-production agreement in 2014 during the visit of Canadian Governor General David Johnston to bring cultural and economic benefits to Canadians and Indians while inspiring audiences worldwide.


Canada in India

Sun Life

Sun Life Financial Inc. holds 49% stake in a Life Insurance Joint Venture (Aditya Birla Sun Life Insurance, was founded in 1994) with global ...Read more

McCain Foods

McCain Foods (India) is a wholly-owned subsidiary of McCain Foods Limited in Canada. Since 1998, the company has been engaged in agriculture research ...Read more

Magna International Inc.

Magna International Inc. is a Canadian auto parts and mobility technology company with operations spanning 27 countries across 5 continents. The ...Read more

IBI Group

IBI Group designs high rises, industrial buildings, Schools, hospitals, and other infrastructural projects for integrated cities. IBI group has been ...Read more


Bombardier is a Canadian manufacturer of business jets. It made an investment of INR 230 Crore in a railway vehicle manufacturing plant at Savli, ...Read more

CPP Investment Board

Headquartered in Toronto, CPPIB’s Mumbai office opened in 2016 and is currently one of its 8 international offices. CPPIB is governed and managed ...Read more


CDPQ has made several quality investments in India across financial services (Edelweiss Group and Kotak Mahindra Bank) , real estate (Piramal ...Read more


The Ontario Municipal Employees Retirement System is an Ontario based pension fund for managing the retirement benefits of all local government ...Read more

Ontario Teachers' Pension Plan

Toronto based OTPP is one of the largest privately owned Canadian pension fund managing assets on behalf of over 3 lakh+ working and retired teachers ...Read more

British Columbia Investment Management Corporation

British Columbia Investment Management Corporation is a leading provider of investment management services for British Columbia’s public sector and ...Read more

Fairfax Financial Holdings Limited

Fairfax Financial Holdings Limited is a financial holding company based in Toronto, Ontario, which is engaged in property, casualty, insurance and ...Read more

Brookfield Asset Management Inc.

Headquartered in Toronto, Brookfield Asset Management Inc. is an alternative asset management company focusing on real estate, renewable power, ...Read more

India in Canada

TATA Consultancy Services

TCS has been servicing the Canadian marketplace for more than 25 years, with offices in Toronto, Montreal, Calgary and Vancouver. Since 2010, TCS has ...Read more

Aditya Birla Group

The Aditya Birla Group has significant presence in Canada. Its major companies are in pulp & fibre business, metals business, in the ITES ...Read more


Wipro Canada offers end-to-end best practice solutions that help Canadian businesses and communities. They have partnered with some of the largest ...Read more


Infosys is an IT consulting and services provider. Inaugurated the Toronto Global Development Centre in Feb 2001. Canada is an important country for ...Read more
  • Food Processing

    Food Processing

    • 2nd

      largest producer of food grains, fruits, and vegetables

    • #1 

      producer of Milk

    • $535 bn

      Expected value of Indian food and retail market by 2025-26

      • Largest producer, consumer, and exporter of spices and cashew nuts
      • Largest producer of pulses
      • 353 Cold Chain projects, 63 Agro-Processing Clusters, 292 Food Processing Units, and 6 Operation Green projects have been approved
      • Pradhan Mantri Kisan SAMPADA Yojana, a government scheme, was formulated for creating a modern infrastructure with efficient supply chain management from farm gate to retail outlet
      • 41 upcoming Mega Food Parks under Mega Food Park Scheme
    Visit Sector 51Investible Projects
  • Renewable Energy

    Renewable Energy

    • #1

      Largest renewable energy capacity expansion program in the world

    • 2nd

      Highest installed wind capacity

    • 5th

      Largest in renewable energy capacity globally

      • 5th largest in renewable energy capacity globally
      • 2nd highest installed wind capacity
      • 36+ GW installed capacity of renewable energy 5th largest for installed solar capacity
      • Largest renewable energy capacity expansion program in the world
      • Italian companies in India in the sector: Enel, Building Energy
    Visit Sector 485Investible Projects
  • Automobile


    • 4th

      Largest car manufacturer

    • 4th

      largest vehicle market

    • $118 bn

      Current value of Indian Automobile Industry

      • Largest two-wheeler and three-wheeler manufacturer
      • 2nd largest bus manufacturer 
      • 3rd largest heavy trucks manufacturer  
      • Employs 35 mn people both directly and indirectly
    Visit Sector 3Investible Projects
  • Oil & Gas

    Oil & Gas

    • 2nd

      Largest refiner in Asia

    • 3rd

      Largest consumer of crude oil and petroleum products

    • 4th

      Largest importer of liquefied natural gas (LNG)

      • India is the largest exporter of petroleum products in Asia
      • Its the 3rd largest consumer of energy and oil in the world after China and the US
      • 16,788 km of operational natural gas pipelines and 14,239 km gas pipelines are under development
    Visit Sector 1Investible Projects
  • Metals & Mining

    Metals & Mining

    • 255 MT

      Forecasted crude steel demand/production (2030-31)

    • 158 kg

      Per capita finished steel consumption (2030-31)

    • 300 MT

      Domestic steel production capacity by 2030

      • Second largest crude steel producer in the world
      • Second largest coal producer in the world
      • Fourth largest iron ore producer in the world
    Visit Sector 18Investible Projects
  • Agriculture


    • #1

      India is the largest producer of spices, pulses, milk, tea, cashew and jute

    • 2nd 

      Largest producer of Bamboo in the World

    • 2nd 

      Largest producer of of fruits and vegetables

      • In 2019, India was the 9th largest exporter of agricultural products and the total value of exported agricultural products stood at $37.4 bn.
      • India is the largest producer of spices, pulses, milk, tea, cashew and jute
      • India is the 2nd largest producer of Bamboo in the World
      • India is the second-largest producers of fruits and vegetables
    Visit Sector 51Investible Projects

Investible Projects

Explore Opportunities




    $ 124.43 bn





    Private Projects


    Govt. Projects


Recent Investments



Brookfield buys 12.8 million square feet of office space worth $ 2 Billion from Bengaluru based RMZ corp. 



In October 2020, Brookfield completed purchase of 130,000 communication towers from Reliance Jio for $ 3.7 billion along with other investors.


Caisse de dépôt et placement du Québec

In 2019, CDPQ invested $75 Mn in Azure Power Global, an Indian producer of solar energy. This increased CDPQ’s interest from 40.3% to 49.7%.


Canada Pension Plan Investment Board 

The India Resurgence Fund platform, a distressed assets buyout platform set up with Piramal Enterprises Limited and Bain Capital Credit as joint sponsors, has received a commitment of US$225M from CPPIB, through its wholly owned subsidiary, CPPIB Credit Investments Inc in December 2019.


Canada Pension Plan Investment Board

In September 2019, CPPIB bought ~8% stake in Logistics provider Delhivery for $115 mn. The investment was made through CPPIB’s Fundamental Equities Asia group, which performs fundamental research in invests in corporates throughout Asia.


Caisse de dépôt et placement du Québec

CDPQ bought stake in Mahindra & Mahindra ltd for INR 1,244 Crore in June 2019. This is the first investment by CDPQ in Mahindra & Mahindra and in India’s automobile sector.



In May 2018, Fairfax India acquired an incremental 6% of BIAL from Siemens for $67 million, bringing its ownership to 54%. In 2017, Fairfax India had acquired a total of 48% of BIAL for $586 million. 

Canada Team

One-stop-shop for exploring and materializing your India entry plans. By working closely with the Union Ministries, States and regulatory authorities, we bring to you a seamless experience in kick-starting your India business.

Key Functions


  • End-to-end spectrum of investment promotion – research, outreach, promotion, facilitation and aftercare
  • Initiating, attracting, facilitating, fast-tracking and handholding Canadian investments across sectors
  • Providing information on investment opportunities across sectors, in specific projects 
  • Extending holistic support to the small and medium enterprises from Canada with interest in investing in India

Team Advantages

  • Opportunity assessment

    Opportunity assessment

  • Policy and incentive advisory

    Policy and incentive advisory

  • Location assessment

    Location assessment

  • Market entry strategy

    Market entry strategy

  • JV and strategic partner research

    JV and strategic partner research

  • Approvals and compliance advisory

    Approvals and compliance advisory

  • Issue redressal support

    Issue redressal support

  • Expansion advisory

    Expansion advisory

  • Policy impact analysis

    Policy impact analysis


  • 2021


    Investment Monitor 2021: Report On Post-COVID Recovery And Foreign Direct Investment Between Canada And The As…

    Read Now
  • 2020


    Investment Monitor 2020: Report On Trade Agreements And Foreign Direct Investment Between Canada And The Asia…

    Read Now
  • fp


    Food Processing in India

    Read Now
  • OG


    Oil & Gas Sector

    Read Now
  • Auto


    Automobile & Auto Components Sector

    Read Now
  • RE


    Renewable Energy Sector

    Read Now

About Us

Invest India

The one stop-shop to ensure your success in India

Our Prestigious Awards

We are the most awarded IPA in the world

  • The World's Most Innovative Investment Promotion Agency Award 2021 awarded by OCO Global

  • United Nations Conference on Trade and Development (UNCTAD) Investment Promotion Award 2020 for best practices in COVID response

  • Best Investment Project Award five years in a row - 2016 to 2020 at the Annual Investment Meeting (AIM) organized by the Ministry of Economy, UAE.

  • Great Place to Work Certification by GPTW Survey 2019

  • The UNCTAD Award 2018 for promoting investment in sustainable development

  • Great Place to Work Certification by GPTW Survey 2018

  • Investment Award 2016 from the Indian Ocean Rim Association (IORA)

  • United Nations Conference on Trade and Development (UNCTAD) Investment Promotion Award 2016 for excellence in partnering for investment promotion