India, Australia to sign nuclear agreement: Abbott

Tags: News
Prime minister Tony Abbott today said he will sign an agreement with India to sell uranium for non-weapon use.

"Prime Minister Modi and I will today sign a nuclear cooperation agreement that will finally allow Australian uranium to India," he said while addressing a meeting here, organised by industry chambers including CII and Ficci.

Abbott, who arrived here this morning, was given a ceremonial reception in the forecourt of Rashtrapati Bhavan.

Besides meeting Modi, Abbott is scheduled to call on President Pranab Mukherjee and Vice President Hamid Ansari.

He arrived in Mumbai yesterday amid expectations that the two countries will ink the nuclear deal and initiate steps to deepen strategic ties and strengthen two-way trade and commerce.

The efforts to sign civil nuclear deal have been underway since 2012 after Labour party in Australia reversed its decision to ban the sale of uranium to India because of New Delhi not being a signatory to the Nuclear Non-Proliferation Treaty.

"I am hoping to sign a nuclear co-operation agreement that will enable uranium sales by Australia to India," Abbott had told his Parliament on the eve of his visit to India.

He had said that if Australia was prepared to sell uranium to Russia then "surely we ought to be prepared to provide uranium to India under suitable safeguards", noting it was a "fully functioning democracy with the rule of law".

India is not a signatory to the NPT, but Abbott has stressed that Australia would ensure adequate bilateral safeguards before any deal was signed.

After the failure to conclude a civil nuclear deal with Japan during Modi's visit to that country, the pact with Australia - which has about a third of the world's recoverable uranium resources and exports nearly 7,000 tonnes of it a year - would boost India's energy sector.

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E-mail ID will not be published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.

EDITORIAL OF THE DAY

  • RBI lowers repo rates despite red flags concerning the economy

    The Reserve Bank of India (RBI) has gambled big time in lowering repo rates by 25 points for the third time in six months.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Arun Nigavekar

Wanted: a central higher education scheme

During the one year that he has been at the ...

Rajgopal Nidamboor

The dappled fusion of our existence

Each of us, without exception, goes through a multitude of ...

Gautam Gupta

It’s ethnic wear all the way in Indian fashion

India is one of the most diverse countries in the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture