Puri, Canadian Minister Discuss Scope to Boost Hydrocarbon Trade

14 Nov 2025 CW Team

Union Petroleum Minister Hardeep Singh Puri met Canada’s Minister for International Trade Maninder Sidhu to discuss opportunities to expand bilateral hydrocarbon trade. The meeting took place during Sidhu’s official visit to India.

In a post on X, Puri noted that bilateral hydrocarbons trade reached $226.45 million in FY24–25 and carries “substantial upside potential”. Discussions centred on strengthening energy ties, investment linkages and diversifying supply avenues.

Canada, which exported 6.3 million barrels of oil equivalent per day to 110 countries in 2024, currently sells 94.4 per cent of its output to the United States. Ottawa is seeking to diversify away from its heavy dependence on the U.S. market, particularly in the wake of tariff measures introduced under President Donald Trump, which impose a 35 per cent duty on Canadian-origin goods.

India has also been navigating a challenging tariff environment, facing a 50 per cent duty on exports to Washington, including a 25 per cent penalty linked to Russian oil purchases. Despite this, India continues to prioritise energy security while pursuing favourable terms through trade negotiations.

Highlighting opportunities for collaboration, Mr Puri said Indian energy companies have built a “robust and rapidly expanding global footprint” in upstream oil and gas. He added that this positions India well to work with Canada in broadening the basket of crude, LPG and LNG suppliers.

The meeting underscores renewed momentum in India–Canada energy engagement at a time when both nations are seeking to diversify markets and secure long-term energy partnerships.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..