Indo-US civil n-deal deadline will be missed: Former NSA Narayanan

Narayanan had played a significant role in negotiation of Indo-US Civil Nuclear Agreement

Photo: Shutterstock
Photo: Shutterstock
IANS Kolkata
Last Updated : Apr 17 2017 | 4:57 PM IST

Don't want to miss the best from Business Standard?

The June 2017 deadline for operationalising the Indo-US civil nuclear cooperation will "certainly" be missed, former National Security Adviser MK Narayanan said in Kolkata on Monday.

At the same time, Narayanan expressed optimism about things falling into place, especially with India boosting its uranium supply.

"The deadline will certainly be missed by every stretch of the imagination," Narayanan said in Kolkata when quizzed on the recent speculations about the deadline.

Expanding on the major issues that led to the delay, the former West Bengal Governor said: "Two big issues were the insurance package, so to say, and there were a lot of discussions that had to be conducted and in the midst of that happened Fukushima (Japan nuclear disaster) which aggravated concerns about what will be the impact of a major nuclear disaster."

"So I think that took a good amount of time (more or less from 2010 to 2013 to 2014) that is one basic issue with deadlines being missed."

Narayanan had played a significant role in the negotiation of the landmark Indo-US Civil Nuclear Agreement which was announced in 2008.

A joint US-India statement said India and the US Export-Import Bank were "working to complete a financing package for the project, and that the Nuclear Power Corporation of India and Toshiba Corp's Westinghouse Electric had confirmed engineering and site design work would begin immediately."

However, the implementation of the pact has been held up further with Westinghouse Electric running into financial troubles.

"Then of course you run into the problem that the company Westinghouse has run into major problems so as a result, what I would say, at one level (not due to non-performance from our side), more due to other factors, administrative (and other factors across the world) we have had to delay the thing. Hopefully, things will come around," Narayanan said.

The former Intelligence Bureau chief also highlighted that India has shored up its uranium supplies.

"One of the major drawbacks that would have happened... would have been if we didn't get enough uranium. That is one of our major short supply but that is being assured now... Australia and Canada have agreed to supply us uranium so I think our supplies are assured."

However, he said, "You have to get over some of the administrative and related matters so it will be delayed (nobody can say for how long) but I am optimistic. It is quite an extraordinary deal."

He was speaking on the sidelines of an international energy conference organised by The Neotia University.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 17 2017 | 4:57 PM IST

Next Story