I see it more like Ontario miners to develop Indian mining industry and provide technology.

"Speaking on the occasion, Handique said the MoU will promote Canadian investment in the fields of mining and mineral exploration and exploitation and will encourage and foster mining investment,transfer of technology and joint ventures."
<Handique, who is in Canada as part of efforts to attract Canadian mining companies to India, said: "We look forward to work with Ontario constructively for early realisation of the MoU's objectives by formation of Joint Working Group and initiating the action in a definite timeframe.">
<Harinder Takhar, the Ontario Minister for Government Services, said: "The MoU signed today will enable Ontario's strengths and capabilities to be deployed to help India transform its mines and mineral sector and encourage Indian investment in Ontario.">

India buying Ontario minerals is wishful thinking from the Ontario minister.
<"From uranium and nickel to cobalt and potash, Ontario and the rest of Canada stand ready to supply India during its next industrial surge forward. Especially in the diamond sector, it serves everything from Bollywood films to the latest fashion, which creates demand for more cut and polished diamonds worldwide," Takhar added.>

At least that is how I interpret what I read.