Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

India Australia eye nuclear deal  Join our daily free Newsletter

MENAFN - Arab News - 05/09/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) MUMBAI: Australia's prime minister on Thursday hailed a uranium deal he is due to sign with India as a "sign of trust" following a long-standing ban on selling the fuel to the nuclear-armed nation amid proliferation fears.

Tony Abbott is expected to sign the agreement allowing uranium sales to India when he meets the new Prime Minister Narendra Modi a fellow conservative in Delhi on Friday during a visit aimed at boosting trade ties.

Australia the world's third biggest uranium producer had previously ruled out such exports to energy-starved India because it has not signed the Nuclear Non-Proliferation Treaty.

But Abbott said his government has now received the necessary commitments from New Delhi about only using the ore for its civilian nuclear programme.

"India has an absolutely impeccable non-proliferation record and India has been a model international citizen" he told reporters in Mumbai on the first leg of a his two-day visit.

"India threatens no one India is the friend to many India is the world's emerging democratic superpower. This is an important sign of the mutual trust that exists between Australia and India."

India and Australia kick-started negotiations on uranium sales in 2012 after Canberra lifted a long-time ban on exporting the valuable ore to Delhi to meet its ambitious nuclear energy programme.

Both India and its neighbouring rival Pakistan are nuclear-armed and along with Israel and North Korea are the only countries not signed up to the non-proliferation treaty to prevent the spread of nuclear weapons.

Australia's nuclear cooperation agreement for peaceful power generation will potentially ramp up India's plans for more nuclear power stations with only 20 small plants at present and a heavy dependency on coal.

India is struggling to produce enough power to meet rising demand amid its 1.2-billion strong population as its economy and vast middle-class expand. Nearly 400 million still without access to electricity according to the World Bank and crippling power cuts are common.

At the start of his visit Abbott told business leaders in Mumbai that there was an "abundance of opportunities" in India where Modi swept to power in May promising to open up Asia's third-largest economy to foreign investment.

"The purpose of this trip as far as I'm concerned is to acknowledge the importance of India in the wider world acknowledge the importance of India to Australia's future" Abbott said.

After laying a wreath at a memorial for victims of the 2008 attacks on the city he visiting Mumbai University to launch a scheme designed to get more Australians studying in the country.

While about 40000 Indians study in Australia each year "regrettably right now there are just a few tens of Australian students studying in India" said Abbott.

"That must change and that will change as a result of the New Colombo Plan" he said referring to the scholarship programme that will be rolled out across the Indo-Pacific region.

The premier also met Indian cricketing great Sachin Tendulkar and former Australian stars Adam Gilchrist and Brett Lee ahead of Australia's hosting of the World Cup next year.

 


Arab News




  MENA News Headlines
 Oct 2 2014 - HH the Emir Issues Decision on Al Ruwais PortQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al Thani issued Thursday Emiri decision no. 76 for 2014 Qatar Al Ruwais Port. The decision was regarding the allocation of the areas needed for the ...

 Oct 2 2014 - KOC Plans to Reach 3.5 bln Cubic Feet of Gas Production by 2030Qatar News Agency
(MENAFN - QNA) Deputy Chief Executive Officer (CEO) for gas exploration in the Kuwait Oil Company (KOC) Menahi Al-Enezi said the company has worked to implement a range of future projects to raise ...

 Oct 2 2014 - Qatar Stock Exchange Gains 72.35 PointsQatar News Agency
(MENAFN - QNA) Qatar Stock Exchange index gained 72.35 points (+0.53%) ahead of Eid Al Adha holidays when the bourse closed trading at 13,830.90 points here Thursday. The trading value increased to ...

 Oct 2 2014 - QSE Index Declines 44.07 Points This WeekQatar News Agency
(MENAFN - QNA) Qatar Stock Exchange index declined 44.07 points (-0.32%) this week when the bourse closed at 13,830.90 points Thursday. The trading value of QR 2,743,186,035.05 is an increase by ...

 Oct 2 2014 - Culture Minister heads to Paris to Attend Qatar Prix de l'Arc de TriompheQatar News Agency
(MENAFN - QNA) HE the Minister of Culture Arts and Heritage Dr. Hamad Abdulaziz Al-Kuwari, on Thursday headed to Paris to attend the Qatar Prix de l'Arc de Triomphe, which is witnessing Qatari ...

 Oct 2 2014 - Summary of Local News ReleasedWednesdayQatar News Agency
(MENAFN - QNA) A summary of local news released Wednesday by Qatar News Agency. - HH the Emir Sheikh Tamim bin Hamad Al-Thani sent Wednesday a cable of congratulations to President of the Republic ...

 Oct 2 2014 - Lebanese Minister: Setting Camps for Displaced Syrians in Lebanon out of DiscussionsQatar News Agency
(MENAFN - QNA) Lebanese Social Affairs Minister Rashid Derbas stressed on Thursday that the cabinet is destined to achieve solidarity and overcome disagreements. Derbas told (Voice of Lebanon) ...

 Oct 2 2014 - Egyptian Authorities Shutdown Rafah Border CrossingQatar News Agency
(MENAFN - QNA) The Egyptian authorities decided Thursday to shutdown Rafah border crossing between the Gaza Strip and Egypt. Rafah border crossing will be shut down as of Friday October 3rd until ...

 Oct 2 2014 - Fakeih: No MERS cases in MakkahArab News
(MENAFN - Arab News) No cases of the Middle East Respiratory Syndrome coronavirus (MERS-CoV) have been reported among pilgrims in Makkah said Acting Health Minister Adel Fakeih after inspecting ...

 Oct 2 2014 - Markaz 37th anniversary campaign starts in RiyadhArab News
(MENAFN - Arab News) The Jamia Markaz of Kerala which plays an important role in promoting Islamic education in the south Indian state of Kerala will celebrate its 37th anniversary on Dec. 18 to ...

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help