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Sunday, January 25, 2015

Obama, Modi announce nuclear power deal

Indian Prime Minister Narendra Modi has brokered a deal with US President Barack Obama to move towards a commercial nuclear power agreement. Both countries came to an agreement in 2008 which stalled due to legalities.

Deutsche Welle, 25 Jan 2015


India's nuclear trade deal with the United States comes six years after both countries signed a landmark nuclear agreement to give India access to civilian nuclear technology.

The 2008 deal had been delayed due to US concerns over India's strict liability laws, should there be a nuclear accident.

Addressing a joint press conference on the first day of Obama's visit to India, Modi said in the capital New Delhi that both countries had achieved a breakthrough with regard to nuclear technologies.

"I am pleased that six years after we signed our bilateral agreement, we are moving towards commercial cooperation, consistent with our laws (and) international legal obligations," Modi said at the joint press conference with Obama.

No immediate details were available as to how the deal had been struck. Local Indian media outlets reported the government has offered to set up insurance funds to indemnify companies that build reactors within India in the case of an accident.

"Today we achieved a breakthrough understanding on two issues that were holding up our ability to advance our civil nuclear cooperation and we are committed to moving towards full implementation," Obama told the press conference.

"This is an important step that shows how we can work together to elevate our relationship."

jlw/glb (AP, AFP, Reuters, dpa)

Prime Minister Narendra Modi hugs visiting US President Barack Obama as 
first lady Michelle Obama looks on upon their arrival at Air Force station Palam, 
in New Delhi on Sunday. (Image credit: PTI)

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