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.

‘Foundations’

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
 Feb 10 2016 - Turkish PM warns Russia by recalling Soviet invasion of AfghanistanThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Prime MinisterAhmet Davutoluhas warnedRussiaover the possible consequences of its moves in neighboring Syria suggesting they might be about to become mired in ...

 Feb 10 2016 - EU Calls on Israel to Stop Home Demolitions Settlement ExpansionThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The European Union on Saturday called on Israel to stop demolishing Palestinian homes in the occupied West Bank and reiterated “the EU’s firm ...

 Feb 10 2016 - Swiss discuss humanitarian issues with Assad regimeThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) For three years Switzerland has been dealing directly with the Syrian regime of Bashar al-Assad concerning the humanitarian situation in the war-ravaged ...

 Feb 10 2016 - Turkey- Experts rule out impending Israeli onslaught on GazaThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Many Palestinian political analysts have ruled out that Israel is likely to launch a new war on the Gaza Strip due to what they described by "political ...

 Feb 10 2016 - UK underestimates number of young deported to war zonesThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) More than 2700 young asylum seekers were deported from the U.K. to the war-torn countries they left as children in recent years according to revised figures ...

 Feb 10 2016 - UAE- WorldGovSummit Mohammed bin Rashid receives mayors and representatives of participating Arab and Foreign citiesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 10th February 2016 (WAM) -- Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum today received at ...

 Feb 10 2016 - Swiss Tourism reviews co operation with travel and tourism sector in Abu DhabiEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 10th February 2016 (WAM)Swiss Tourism in the Gulf Cooperation Council GCC has held a workshop at the St. Regis Hotel Abu Dhabi to meet with travel ...

 Feb 10 2016 - UAE- WorldGovSummit DEWA wins best m Government Award in environment category at World Government SummitEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 10th February 2016 (WAM) -- Dubai Electricity and Water Authority DEWA has won the Best m-Government Service Award in the environment category which ...

 Feb 10 2016 - UAE- EAU receives NQA Qualifications RecognitionEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 10th February 2016 (WAM) -- Emirates Aviation University EAU has received recognition of its qualifications from the National Qualifications Authority ...

 Feb 10 2016 - UAE- Knowledge Without Borders to launch a new cultural initiative next MondayEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) SHARJAH 10th February 2016 (WAM) -- Knowledge Without Borders KWB will announce next Monday the launch of a new cultural initiative in line with 2016 being ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

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

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

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