Toronto, Canada | 26–27 May 2026

The Sustainable Manufacturing Company (TSMC) was part of the Indian manufacturing delegation accompanying India’s Minister of Commerce and Industry, Shri Piyush Goyal, to the inaugural Canada-India Trade and Investment Forum in Toronto, 26-27 May 2026. The Forum was a significant milestone in the renewed economic engagement between India and Canada, bringing together governments, manufacturers, investors and business leaders to deepen industrial partnerships and broaden opportunities for bilateral trade.

There was a lot more to the visit than TSMC’s presence on a trade mission. It was an opportunity to demonstrate how Indian manufacturers, especially innovative MSMEs, are emerging as trusted partners in global supply chains, showcasing their internationally competitive manufacturing capabilities, engineering excellence and sustainability.

A Direct Dialogue with Canada's Leadership

One of the highlights of the visit was TSMC’s direct engagement with The Hon. Maninder Sidhu, Minister of International Trade, Canada, and The Hon. Rechie Valdez, Minister for Small Business, Canada.

In these meetings, senior Canadian policymakers responsible for the development of small businesses and international trade had direct conversations with an Indian manufacturing MSME. TSMC was allowed to discuss the realities of cross-border manufacturing partnerships, sustainable industrial production, market access, and the role of small and medium-sized manufacturers in boosting economic cooperation between the two countries, rather than just being given a seat at a public forum.

These discussions reiterated that in addition to competitive production, contemporary industrial growth for a company founded on sustainable manufacturing principles is contingent upon innovation, responsible manufacturing, long-term partnerships, and resilient global supply chains.

Manufacturing is at the Centre of Canada–India Trade

The Canada–India Trade and Investment Forum identified manufacturing as a key area for future bilateral collaboration.

Canada and India have committed to increasing bilateral trade from an estimated CAD 13.6 billion in 2025 to CAD 70 billion per year by 2030. These headline figures illustrate the scale of future opportunity, but the make-up of current trade is also important for manufacturers.

In 2025, Canada’s largest imports from India were machinery, precious stones, metals and pharmaceuticals, with merchandise imports estimated at CAD 9.7 billion. This shows that Canada is already a large market with great potential for growth for companies involved in sustainable manufacturing, industrial production, engineering and advanced manufacturing.

These numbers reinforce the importance of investment in innovation, sustainability and globally accepted manufacturing standards for TSMC and the increasing international demand for high-quality Indian manufacturing.

Advanced Manufacturing: A Shared Priority

During the Forum, Minister Maninder Sidhu said that advanced manufacturing will be one of Canada’s priority sectors for deeper collaboration with India, along with clean energy, critical minerals, agri-food, digital technologies and skills development.

This acknowledgement is especially important for organisations like The Sustainable Manufacturing Company.

Today, advanced manufacturing is not just about production capacity. It includes technology-enabled processes, sustainable operations, efficient supply chains, quality control and continuous innovation. These are the very principles that have built the TSMC manufacturing philosophy.

As global manufacturers seek environmentally responsible, quality-minded and reliable production partners, Indian companies that combine sustainable manufacturing practices with engineering prowess are increasingly well-positioned to play a role in international industrial ecosystems.

CEPA: Building the Framework for Future Growth

The talks also focused on the ongoing negotiations on the Comprehensive Economic Partnership Agreement (CEPA) between Canada and India.

CEPA is expected to provide a stronger framework for long-term economic cooperation through increased access to markets, improved investment opportunities and reduced trade barriers. Two rounds of negotiations have been completed, and Canada is hosting the third round of negotiations.

Ultimately, businesses translate agreements into commercial partnerships and governments negotiate policy frameworks.

This means that manufacturers need to identify complementary strengths, build trusted relationships with suppliers, and establish resilient cross-border supply chains that can serve both domestic and international markets.

TSMC views CEPA as a policy development and an opportunity to accelerate collaboration by developing practical manufacturing partnerships that generate long-term value for both countries.

Representing India's Manufacturing Ecosystem

Commenting on the visit, Praveen Sharma, Founder and CEO, The Sustainable Manufacturing Company said:

“It was a privilege and duty to represent our firm at the first-ever Canada-India Trade and Investment Forum. We were not just showcasing our capabilities but also showcasing the strength of India’s MSME manufacturing sector. Sustainable manufacturing, engineering quality & long-term reliability are increasingly defining India’s position in global supply chains.”

He added:

“Trade agreements create opportunities. Businesses create results. Real progress comes when manufacturers build partnerships to deliver value across borders, invest in innovation and work together. That is the methodology we are devoted to at TSMC.”

Looking Ahead

The inaugural Canada–India Trade and Investment Forum served as a landmark event, underscoring a mutual dedication to enhancing industrial synergy between these two compatible economic powers.

By participating in the delegation, The Sustainable Manufacturing Company advanced its strategic objective of establishing itself as a reliable global production ally, driven by a commitment to innovation, engineering prowess, and environmentally responsible manufacturing.

As the bilateral commercial ties between India and Canada further mature, the landscape for advanced manufacturing, integrated supply chains, and technological cooperation is expected to expand considerably.

TSMC remains dedicated to fostering collaborative ventures rooted in transparency and operational excellence, ensuring that sustainability and high-quality production remain central to the future of industrial relations between these nations.