Minister Sidhu Highlights Canadian Fintech Growth and Pension Capital in India

Minister of International Trade Maninder Sidhu has joined Prime Minister Mark Carney on a four day official visit to India, underscoring Ottawa’s focus on strengthening trade and investment ties with one of the world’s fastest growing economies.

During the visit, Sidhu highlighted major Canadian business activity in India, pointing to a new fintech partnership and expanding pension fund investments as examples of deepening economic engagement.

Canadian Fintech Lands in India

Ontario based Asset Direct has partnered with Yes Bank to launch Banxx Banking, bringing Canadian financial technology to millions of users in India. Sidhu described the move as a clear signal that Canadian innovation competes on a global stage.

Fintech, which delivers faster and more secure financial services through technology, is one of the fastest growing sectors worldwide. Canada’s fintech industry employs more than 150,000 people.

According to Sidhu, the new platform is already onboarding 150,000 new users each day. He framed the expansion as a win for Canadian workers, linking global growth directly to jobs and economic activity at home.

“When our companies grow abroad, Canadian workers benefit,” he wrote.

Canadian innovation is making its mark globally.

Today, Canada’s Asset Direct partnered with Yes Bank to launch Banxx Banking—bringing cutting-edge Canadian fintech to millions in India.

Fintech uses technology to deliver faster, safer, more accessible financial services. It’s… pic.twitter.com/IFo0DvEchO

— Maninder Sidhu (@MSidhuLiberal) February 28, 2026

Pension Funds Power Growth Abroad and at Home

Sidhu also met with the country heads of major Canadian pension funds operating in India. Canadian funds have invested heavily in infrastructure, renewable energy including hydro, solar and thermal projects, healthcare and digital technology.

He said these investments are helping power India’s growth while generating returns that strengthen retirement security and economic opportunity in Canada.

Today I sat down in India with the country heads of major Canadian pension funds operating here.

Through their investments in infrastructure, renewable energy including hydro, solar and thermal, healthcare, and digital technology, they are helping power India’s growth while… pic.twitter.com/O9f2UoglAt

— Maninder Sidhu (@MSidhuLiberal) February 28, 2026

“These investments matter. They connect Canadian companies into dynamic ecosystems abroad and open doors in sectors where Canadian innovation and workers have a competitive edge,” Sidhu stated.

Trade Mission Signals Broader Strategy

Sidhu’s presence alongside Carney signals that trade and investment are central pillars of the government’s India strategy. As Canada seeks to diversify trade relationships and expand its Indo Pacific footprint, India’s digital economy and infrastructure needs offer significant opportunities for Canadian firms.

Sidhu emphasized that trade and investment go hand in hand and both drive jobs and long term prosperity across Canada.

The four day visit is expected to include high level meetings aimed at strengthening commercial ties and positioning Canadian businesses for greater access to India’s expanding market.

Parvasi Media Group is travelling with the official media delegation and continues to report from ground zero across radio, print, television and digital platforms.

With inputs from Rajinder Saini, Editor-in-Chief, Parvasi Media Group