India, Japan likely to sign nuke deal during Modi visit

Image
Press Trust of India New Delhi
Last Updated : Nov 03 2016 | 8:49 PM IST
India and Japan are likely to sign a civil nuclear cooperation agreement during Prime Minister Narendra Modi's two-day visit to that country next week as the two sides completed the internal procedures for the much- awaited agreement.
The two countries had sealed a broad agreement for cooperation in civil nuclear energy during Japanese Prime Minister Shiozo Abe's visit here last December but the final deal was yet to be signed as certain technical and legal issues were to be thrashed out.
External Affairs Ministry Spokesperson Vikas Swarup said both the countries have completed the internal procedures including legal and technical aspects of the text of the pact.
When specifically asked whether the pact will be inked during Modi's two-day visit beginning November 11, he only said, "I cannot pre-judge outcome of the talks."
There was political resistance in Japan to go ahead with a nuclear deal with India, particularly after the disaster at the Fukushima Nuclear Power Plant in 2011.
Japan is a major player in the nuclear energy market and an atomic deal with it will also make it easier for US-based nuclear plant makers Westinghouse Electric Corporation and GE Energy Inc to set up atomic plants in India as both these conglomerates have Japanese investments.
Modi, during the visit, will have an audience with the Emperor of Japan and hold the annual summit meeting with Abe.
Ahead of his trip, a delegation of Japanese parliamentarians called on Modi today which was led by Toshihiro Nikai.
Swarup said the Prime Minister recalled his interaction with the Japan-India Parliamentarians' Friendship League in September, and welcomed increased interaction between the legislatures of both countries. He said Modi also called for strengthening exchanges between State-level legislatures.
"The Prime Minister welcomed the initiative of Toshihiro Nikai to raise awareness about the threat posed by tsunamis, and sought strengthening of bilateral cooperation in the field of disaster risk reduction and disaster management," he said.
According to Swarup, Modi also said he was looking forward to his visit to Japan.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Nov 03 2016 | 8:49 PM IST

Next Story