NEW DELHI, March 2 (Xinhua) -- India and Canada on Monday signed a long-term deal worth 1.9 billion U.S. dollars for uranium supply aimed at expanding nuclear energy generation projects in India.

The significant deal was inked in the presence of visiting Canadian Prime Minister Mark Carney and Indian Prime Minister Narendra Modi. Carney was in New Delhi on a four-day official visit.

The uranium supply deal would contribute towards India's vision for its nuclear power program under the federal government's ambitious "Viksit Bharat" (Developed India) initiative, and also achieve 100 GW of nuclear power by 2047, said sources familiar with the deal.

"The uranium supply deal will contribute to India's civil nuclear energy generation, clean energy transition objectives, and long-term energy security," they added.

Besides, the two countries also signed several other key memorandums of understanding (MoU) in different areas like renewable energy, critical minerals, technical education and research, and a trilateral MoU among India, Canada and Australia on technology and innovation cooperation.

On the occasion, the two sides also finalized the terms of reference for the launch of negotiations toward an ambitious and mutually beneficial Comprehensive Economic Partnership Agreement (CEPA).

"Once concluded, the CEPA will significantly strengthen India-Canada economic engagement and accelerate progress toward achieving the bilateral trade target of 50 billion U.S. dollars by 2030," said the list of outcomes issued by India's Ministry of External Affairs. ■