External Affairs Minister Sushma Swaraj along with her Canadian counterpart John Baird will co-chair the dialogue which will focus on areas of cooperation in security, defence, counter-terrorism, space and nuclear energy, External Affairs Ministry Spokesperson Syed Akbaruddin said.
He said India will also find out how Canada could assist in government's development and economic agenda which includes skill training, urban planning and improving lives in 500 cities which have more than one lakh population.
The two sides are also expected to discuss ways to enhance trade ties, which they maintain do not reflect the true potential of the commercial relationship.
The bilateral trade in 2012 was USD 5.2 billion, in 2013 it increased to over USD 5.7 billion, registering a rise of 7.69 per cent. However, the two sides share desire to see the bilateral trade reach USD 15 billion by 2015.
The two countries are also negotiating Foreign Investment Promotion Agreement (FIPA), and Comprehensive Economic Partnership Agreement (CEPA).