India, US have miles to go before N-deal is enforced

Mumbai, Nov 29 | Updated: Nov 30 2006, 07:03am hrs
Despite the US Senates approval, India and the US will have to overcome several hurdles for the effective implementation of civilian nuclear deal.

Though we know that several hurdles have to be cleared including the reconciliation process, negotiations with Indians on sections 1,2,3 of the negotiations Bill to seek exemption for India, yet we think that it is important to have dialogue with the Indian nuclear indsutry to iron out the details to procede faster once the deal comes through clearly, the US under secretary of commerce and international trade Franklin L Lavin said.

He was talking to reporters at the sidelines of Indo-US business summit. Both India and US have to keep their minds open in the final legilsation and political process as it is going to benefit the entire world, Lavin said.

As reported by FE on November 28, Lavin confirmed that he would lead 30 US companies involved in the construction and engineering of nuclear power projects for a crucial meeting with the Nuclear Power Corporation of India in Mumbai on December 1.

The meeting will also be attended by the Atomic Energy Comission members and representatives of nuclear industry.

These companies will also deliberate with Atomic Energy Commission chairman Anil Kakodkar on the fall out of Indo-US deal and business opportunities.

Some of the US companies are expected to visit Tarapur nuclear project run by the Nuclear Power Corporation of India. Lavin said that US companies would understand the Indias nuclear industry which is considered the most advanced and safe.

Asked whether American companies would be involved in construction and running of the plant since the last 30 years there was no nulcear activity in that country, Lavin said, the US nuclear companies have been revived again and in the last five years 20 new companies have applied for licences and few of them will be starting construction in US in the next few years.

Lavin also said US realises that India would be buying the nuclear reactors only as additionality but at the same time India is also a huge market for nuclear energy.