Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Indian PM Narendra Modi eyes breakthrough nuclear pact on Japan trip  Join our daily free Newsletter

MENAFN - Khaleej Times - 28/08/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - Khaleej Times) Narendra Modi travels to Japan on Saturday for a five-day visit his first major bilateral trip since taking over in May.India is hoping to win Japanese backing for a nuclear energy pact during a visit by Prime Minister Narendra Modi and lure investment into its 85 billion market while addressing Japan’s concern about doing business with a nuclear-armed country.

India has been pushing for an agreement with Japan on the lines of a 2008 deal with the United States under which India was allowed to import US nuclear fuel and technology without giving up its military nuclear programme.

But Japan wants explicit Indian guarantees not to conduct nuclear tests and more intrusive inspections of its nuclear facilities to ensure that spent fuel is not diverted to make bombs.

India which sees its weapons as a deterrent against nuclear-armed neighbours China and Pakistan has sought to meet Japan’s concerns and over the past month the two sides have speeded up negotiations ahead of Modi’s visit.

“Serious efforts are being made to resolve any special concerns that Japan has. Whether it will be fully resolved and ready for signing before the end of the PM’s trip is unclear” said a former member of India’s top atomic energy commission who has been consulted in the drafting of the energy pact.

“I would give it a little better-than-even chance at this point” he said asking not to be identified because of the sensitivity of the negotiations.

Modi travels to Japan on Saturday for a five-day visit his first major bilateral trip since taking over in May. The visit is being billed as an attempt by the two democracies to balance the rising weight of China across Asia.

Modi and host Prime Minister Shinzo Abe are also expected to boost defence ties speeding up talks on the sale of an amphibious aircraft to the Indian navy.

Another focus is infrastructure with the Indian leader seeking Japanese backing for the high-speed ‘bullet’ trains he promised to voters in his election campaign.

But it is the nuclear pact that can transform ties in a way the deal with the United States did by establishing India as a strategic partner although nuclear commerce with the United States has since foundered because of concern over India’s liability laws.

Officials in Japan were tight-lipped about prospects for a nuclear deal.


A civil nuclear energy pact with India would give Japanese nuclear technology firms such as Toshiba Corp and Hitachi Ltd access to India’s fast-growing market as they seek opportunities overseas to offset an anti-nuclear backlash at home in response to the 2011 Fukushima nuclear accident.

India operates 20 mostly small reactors at six sites with a capacity of 4780 MW or 2 per cent of its total power capacity according to the Nuclear Power Corporation of India Limited. The government hopes to increase its nuclear capacity to 63000 MW by 2032 by adding nearly 30 reactors.

India is considering a Japanese proposal for a separate commitment not to test nuclear weapons over and above a self-imposed moratorium it declared after testing in 1998.

Another possibility is that Modi gives a personal assurance to Abe on India’s nuclear weapons programme to help allay concern in Japan the only country to have suffered a nuclear attack and which has since been a champion of non-proliferation and disarmament.

“India and Japan are laying the foundations of a bigger deal” said former vice chief of Indian army Lieutenant General A.S. Lamba an expert on ties with Japan.

“It’s no use rushing into something that fails to get off the ground which is what happened to the India-US agreement. This is being constructed slowly this is a defining moment.” For more news from Khaleej Times follow us on Facebook at facebook.com/khaleejtimes and on Twitter at khaleejtimes Follow khaleejtimes ->


Khaleej Times

  MENA News Headlines
 Oct 10 2015 - Al Masah plans USD299m healthcare expansion across GulfMENAFN
(MENAFN) Al Masah Capital Limited has revealed plans to invest around USD299 million to support the growth and regional expansion of its newly-rebranded healthcare private equity initiative.The ...

 Oct 10 2015 - UAE Eagle Hills starts work on USD3b Belgrade Waterfront projectMENAFN
(MENAFN) Eagle Hills, a UAE-based private investment and real estate development company has announced the start of construction of its flagship development in Belgrade.Belgrade Waterfront, the ...

 Oct 10 2015 - Dubai's hotel revenues down 10.1 percent in AugustMENAFN
(MENAFN) Four- and five-star hotels in Dubai reported weakening performance levels in August, with revenue per available room (RevPAR) declining 10.1 percent to USD147.45.Figures from hospitality ...

 Oct 10 2015 - Saudi-Celebrity clockmaker thanks KSA on arrivalArab News
(MENAFN - Arab News)JEDDAH: Talented American student of Sudanese origin Ahmed Mohammed Al-Hassan arrived in Jeddah on Friday morning to perform Umrah and visit his relatives. The Kingdom last week ...

 Oct 10 2015 - Israelis worried but defiant amid wave of stabbingsGulf Times
(MENAFN - Gulf Times) Israelis are deeply unnerved in the midst of a spate of stabbings that have brought back memories of previous Palestinian uprisings, but say they are ready to "confront" any ...

 Oct 10 2015 - Kingdom job seekers' paradiseArab News
(MENAFN - Arab News)JEDDAH: The Eastern Province Riyadh and Jeddah are among the most sought after locations for job seekers in the Middle East North Africa (MENA) region a new study has found. The ...

 Oct 10 2015 - Saudi summons Czech envoy over 'Satanic Verses'Gulf Times
(MENAFN - Gulf Times) Saudi Arabia has summoned the Czech ambassador over a translation of British writer Salman Rushdie's controversial book "Satanic Verses", official media said on Friday. The ...

 Oct 10 2015 - Libya foes urged to sign long-awaited peace dealGulf Times
(MENAFN - Gulf Times) World leaders urged Libya's warring parties yesterday to sign a proposed peace deal installing a national unity government, after a cool response from some lawmakers in the ...

 Oct 10 2015 - Coalition warplanes bomb Yemen rebelsGulf Times
(MENAFN - Gulf Times) Warplanes from the Saudi-led coalition raided positions of the Iran-backed Shia insurgents east of the rebel-held capital yesterday, military sources said. The air strikes ...

 Oct 10 2015 - US halts failed programme to train Syrian rebel unitsGulf Times
(MENAFN - Gulf Times) Washington was forced yesterday to admit the failure of its plan to create Syrian rebel units to fight Islamic State, vowing instead to arm select local leaders. White House and ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help