Policy

Indo-US deal may open up 20 bn pound investment: British media

Decrease text sizeIncrease text size

N-deal may pull £20bn investment
By PTI

Hoping that the UPA government's victory in the trust vote would pave the way for India having "full access" to civilian nuclear fuel and technology, a top British daily today said the Indo-US nuclear deal is expected to unlock a whopping 20 billion-pound investment in the power sector.

"The landmark nuclear deal, which is now assured, will allow India full access to civilian nuclear fuel and technology," 'The Daily Telegraph' commented today, a day after Prime Minister Manmohan Singh's government won the crucial trust vote in Parliament.

"It will keep its arsenal of nuclear weapons and stay out of the Nuclear Non-Proliferation Treaty, but will adopt safeguards designed to prevent the global-spread of military nuclear technology," it said.

The agreement will also unlock about 20 billion pounds of investment in civilian nuclear power generation over the next 10 years, it said.

The paper said this massive expansion will be necessary if India is to sustain its economic growth rate of nine per cent per annum, the world's second-highest after China's.

Another daily 'The Guardian' said the Indian government survived a knife-edge parliamentary vote which came after weeks of political "horse-trading".

'The Times' said the outcome of the confidence vote was a "blow" to BJP, which had hoped to "capitalise" on the nuclear controversy and rising prices at the next election.

Comments Post your Comment

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.