India And Japan Review Final Steps of Nuclear Energy Agreement

India and Japan hope to sign a nuclear energy agreement when Prime Minister Modi visits Japan this week. The agreement, the first by Japan with a country that has not ratified the Nuclear Non-proliferation Treaty, will enable Japan to export its nuclear energy technology for private-sector use in India, reports Defense World.

Prime Ministers Abe and Modi

Prime Minister Shinzo Abe had told Prime Minister Modi at a meeting in New Delhi in December 2015, “We will discontinue cooperation should India conduct a nuclear test,” newspaper Asahi Shimbun reported. Japan has long pushed for nuclear disarmament and non-proliferation.

Bloomberg reports that India’s nuclear power market is estimated at $150 billion and the country aims to boost energy generated from atomic plants to a quarter of its the total by 2050 from about 3.5 percent now, according to the U.S. Department of Commerce. Westinghouse Electric, a Pennsylvania-based company owned by Toshiba, is building six reactors in India; however, this project isn’t contingent on the bilateral treaty between Japan and India, a Toshiba spokesperson said.

 

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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