A landmark civil nuclear cooperation deal between India and Japan that provides for collaboration between their industries in the field came into force on Thursday, eight months after it was sealed.
Foreign Secretary S Jaishankar and Japanese Ambassador Kenji Hiramatsu exchanged diplomatic notes, marking operationalisation of the pact, the External Affairs Ministry said.
The civil nuclear cooperation agreement was signed last November during Prime Minister Narendra Modi’s visit to Tokyo after years of negotiations.
“This agreement is a reflection of the strategic partnership between India and Japan and will pave the way for enhanced cooperation in energy security and clean energy.
“The agreement seeks to promote full cooperation between the two countries in the development and uses of nuclear energy for peaceful purposes on a stable, reliable and predictable basis,” External Affairs Ministry spokesperson Gopal Baglay told reporters.
The deal allows Japan to export nuclear technology to India, making it the first non-NPT signatory to have such a deal with Tokyo.
There was political resistance in Japan – the only country to suffer atomic bombings during World War II – against a nuclear deal with India, particularly after the disaster at the Fukushima Nuclear Power Plant in 2011.
Japan is a major player in the nuclear energy market and an atomic deal with it will make it easier for US-based nuclear plant makers Westinghouse Electric Corporation and GE Energy Inc to set up atomic plants in India as both these conglomerates have Japanese investments.
Other nations who have signed a civil nuclear deal with India include the US, Russia, South Korea, Mongolia, France, Namibia, Argentina, Canada, Kazakhstan and Australia.
Latest posts by Moneycontrol.com (see all)
- All New Double Decker Uday Express Set To Roll Out Next Year – December 11, 2017
- Train Delays: Railways Send 33 Lakh SMS Warnings In A Month – December 11, 2017
- Modi Committed To Moving India To Lower Carbon Renewable Energy Future: World Bank Chief – December 10, 2017