India, June 15 -- In a major diplomatic breakthrough, India and Canada have agreed to a landmark intelligence-sharing agreement aimed at jointly confronting transnational crime and terrorism.

The move marks a significant turning point in bilateral relations, which had cooled in recent years due to political tensions and diplomatic strains.

Canadian Prime Minister Mark Carney, who has prioritized restoring Canada's global partnerships, authorized the agreement personally. In a statement, Carney emphasized the urgent need for cross-border collaboration in addressing complex security threats.

"This is the only way to curb extortion rackets, because criminals are operating from multiple jurisdictions," Carney said. "Our security agencies m...