India all set to ink civil nuclear deal with Canada

Prime Minister will sign agreement at G-20 summit in Toronto

Bal Krishna/PTI | June 8, 2010



India and Canada will sign a civil nuclear agreement during Prime Minister Manmohan Singh's forthcoming visit to the G-20 Summit in Toronto later this month.

The four-day visit commences on June 26.

The agreement will be signed after a bilateral meeting between Singh and his Canadian counterpart, Stephen Harper, who will be hosting a special dinner in honour of Indian Prime Minister on June 27, official sources said yesterday.

The two countries will also review their bilateral economic and cultural ties.

"We hope to complete the prerequisite of the agreement before Dr Singh arrives in Toronto," they said.

The agreement will allow Indian firms to export and import controlled nuclear material, equipment and technology to and from Canada, they added.

India has already signed similar agreements with countries like the US, France and Russia.

Besides uranium exports, Canada is pitching its 1200-MWe class Advanced CANDU reactor as a good fit for the Indian nuclear programme due to its size and localisation potential.

"Negotiations have been concluded. There will be a bilateral cooperation in civil nuclear agreement. Canada is the biggest exporter of uranium in the world. Equally important is that we (India and Canada) are using the same technology and exploring the possibility of setting up nuclear power plants in third countries," they said.

Singh will review progress in the proposed comprehensive economic partnership agreement, the Foreign Investment Protection and Promotion Agreement (FIPPA), MoUs signed by the two countries in energy sector and cultural and social security agreements, they said.

The Indian prime minister will be accompanied by a high-powered delegation including Planning Commission Deputy Chairman Montek Singh Ahluwalia, Foreign Secretary Nirupama Rao and National Security Advisor Shivshankar Menon.

Both countries are keen to strengthen their economic ties and the forthcoming meeting between the two Prime Ministers would be an important historic event, they said.

A joint-study group set up to explore the areas of mutual interests for concluding a Comprehensive Economic Partnership Agreement (CEPA) has concluded its study and submitted its report, they said, adding the two leaders are expected to release the study and start negotiations.

Both countries will try to triple the bilateral trade and investment volume to CAD 15 billion by 2015 from the current CAD 5 billion, they added.
 

Comments

 

Other News

Inching closer to a trade deal with America

The cooperation between India and the United States goes back quite a time. We need to relegate that era to the backburner when Pandit Jawaharlal Nehru visited US in the times of president Dwight Eisenhower and called the American let-off of 10 million dollars in defence aid to Pakistan as a “gun w

Manch vs Musk: Forty people and a foreign billionaire

About forty people walked the roundabout on Teen Murti Marg to the gate of Chanakyapuri police station, a distance you could cover in under a minute, on Friday to protest against Elon Musk’s Starlink. The walk was called by the Swadeshi Jagaran Manch. Nobody joined them on the way, and nobody seeme

Master sculptor recalls the making of the Shankaracharya statue

The Golden Chisel: The Story Behind the Making of Ram Lalla  By Seethalakshmi S. and Rahul Nandan Rupa Publications, 168 pages, Rs 395  

Mumbai’s missing affordable homes

Mumbai’s real estate market keeps growing, yet homeownership remains out of reach for much of its population. Three experts – urban researcher Hussain Indorewala, urban planner Vidyadhar Phatak and developer Kamlesh Thakur of NAREDCO Maharashtra, agree that simply constructing more apartments

Rubio denies US foreknowledge of Starlink restrictions in Ukraine

US secretary of state Marco Rubio has said he was unfamiliar with the Wall Street Journal report suggesting Elon Musk had decided to throttle Starlink services in Ukraine, but rejected claims that Washington had ordered the restrictions to pressure Kyiv.   “There was no

Can AI change India’s breast cancer story?

Breast cancer has become a public-health challenge in India. The greatest opportunity is to find cancers earlier. Artificial intelligence (AI) is opening a new era in breast cancer detection. AI systems can analyse mammograms and other breast-imaging studies, identify subtle abnormalities and assist radi

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter