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Nuke deal to open up 20 bn pound investment
Press Trust of India / London July 23, 2008, 19:15 IST


Hoping that the UPA government's victory in the trust vote would pave the way for India having "full access" to civilian nuclear fuel and technology, a top British daily today said the Indo-US nuclear deal is expected to unlock a whopping £20 billion investment in the power sector.     

"The landmark nuclear deal, which is now assured, will allow India full access to civilian nuclear fuel and technology," 'The Daily Telegraph' commented today, a day after Prime Minister Manmohan Singh's government won the crucial trust vote in Parliament.     

"It will keep its arsenal of nuclear weapons and stay out of the Nuclear Non-Proliferation Treaty, but will adopt safeguards designed to prevent the global-spread of military nuclear technology," it said.     

The agreement will also unlock about £20 billion of investment in civilian nuclear power generation over the next 10 years, it said.     

The paper said this massive expansion will be necessary if India is to sustain its economic growth rate of nine per cent per annum, the world's second-highest after China's.     

Another daily 'The Guardian' said the Indian government survived a knife-edge parliamentary vote which came after weeks of political "horse-trading".     

'The Times' said the outcome of the confidence vote was a "blow" to BJP, which had hoped to "capitalise" on the nuclear controversy and rising prices at the next election.

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