India Inc hails waiver, says N-programme to get a leg-up

fe Bureau
Posted: Sunday, Sep 07, 2008 at 2237 hrs IST
Updated: Sunday, Sep 07, 2008 at 2237 hrs IST

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Mumbai, New Delhi, Sep 6: of nuclear power plants in India. We are capable of manufacturing critical nuclear equipments like main nuclear reactor vessel, steam generators and critical fuel handling equipments.” Besides this, L&T can also manufacture specialty valves for nuclear application and undertake manufacturing of electrical control equipment and switchgear to contribute to the nuclear plants in India, he added.

Kotwal also said that L&T has the ability to export critical nuclear equipment for nuclear power projects to be set up outside India. For this, there are many opportunities now available. “We have been given N Stamp by the American Society of Mechanical Engineers to export nuclear equipments outside India,” he added.

The deal will create more energy opportunities for India, said Rana Kapoor, MD & CEO, Yes Bank. “This approval will definitely add a feather to our cap as far as energy security is concerned. It will help build nuclear power generation and create lot of energy opportunities for India going ahead,” he said. This is a very critical part of India’s national strategy, he added. Improving our power situation is critical, many felt. Sunil Khandelwal, CFO, Alok Industries. “It’s good news for the corporates in the long run. This was an uncertainty which was looming around. However, we can now get access to nuclear power going ahead. Looking at the power deficiency in the country, this approval has come as excellent news for corporate India.” Agrees HM Bangur, CMD, Shree Cement, “The nuclear suppliers approving Indo-US nuclear deal is definitely a very positive sign. After a lot of trouble, we have finally reached the right destination.”...

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