India, Russia sign deal to build 4 N-reactors

Font Size

Print

Feedback

Email

Discuss

Related Articles

Russia, India set higher trade goalPranab briefs Russia on N-deal with USRussia, India edge closer to major nuclear deal'Nothing prevented' atomic power deal: Russia

: Seeking a comprehensive re-engagement to take their partnership to new heights, India and Russia on January 25 inked an agreement for construction of four atomic reactors in the Kudankulam power project in Tamil Nadu besides signing documents related to trade, commerce, culture and civilian use of space technology that will allow India access to Russia’s satellite navigation system. Prime Minister Manmohan Singh and Russian President Vladmir Putin signed an ambitious joint statement, with which both the countries have entered a new phase in their strategic relationship, underlined greater cooperation on key issues. Singh said Putin’s visit had imparted a new momentum to carry the strategic partnership between the two countries “to new heights”. Addressing a joint press conference, Putin said “we consider as extremely important completion of the construction project in Kudankulam.” On defence cooperation, Singh said he had comprehensive discussions with Putin on joint research and development, manufacturing and marketing and joint exercises. A Memorandum of Intent was signed between the two sides on development of cooperation in the construction of additional four nuclear power plant at Kudankulam site as well as the construction of Russian-design nuclear power plants at new sites in India. According to the agreement, India has undertaken that the reactor facilities and nuclear fuel supplied by Russia will remain under the IAEA safeguards during the entire period of their actual use in accordance with the agreement on safeguards, which will be concluded between New Delhi and the international nuclear watchdog.

PICK OF THE WEEK

* Corporate

Global consultant Accenture has begun working on the second stage of the A-I, IA integration. According to highly placed government sources after providing four different options for the merger, Accenture, started to move on the amalgamation of the senior management of the two state-owned carriers. Civil aviation minister Praful Patel is keen on the government approving the merger before the end of the current fiscal.

* Economy

The UPA government brought disinvestment through the strategic route back on its agenda. It has short-listed five loss-making PSUs where it plans to induct strategic investors. The Board for Reconstruction of Public Sector Enterprises (BRPSE) is currently preparing a blueprint for reviving these companies.

* Markets