Quotes: 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.

Austraia'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
 Nov 25 2015 - Saudi Smart Boat innovation honored in Copenhagen 2 RiyadhSaudi Press Agency
(MENAFN - Saudi Press Agency) Al-Shamakhi went on to say that he also provided his smart boat with special submerging telecommunication means attached to the boat's draft using sound waves to ...

 Nov 25 2015 - Saudi- Custodian of Two Holy Mosques receives Speakers of GCC Shura Representatives and National CouncilsSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh Safar 13 1437 November 25 2015 SPA -- The Custodian of Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al-Yamamah palace in Riyadh today the ...

 Nov 25 2015 - Kuwaiti Crown Prince receives GCC Ministers of Commerce and IndustrySaudi Press Agency
(MENAFN - Saudi Press Agency) Kuwait 13 Safar 1437 AH November 25 2015 SPA -- Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah the Crown Prince of Kuwait received here today the Ministers of Commerce and ...

 Nov 25 2015 - Saudi- Custodian of the Two Holy Mosques receives Executive President and Founder of World Economic ForumSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh 13 Safar 1437 AH November 25 2015 SPA -- The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al-Yamamah Palace here today the ...

 Nov 25 2015 - Crown Prince heads Saudi delegation to GCC Interior Ministers meetingSaudi Press Agency
(MENAFN - Saudi Press Agency) Doha afar 13 1437November 25 2015SPA -- Crown Prince Mohammed bin Naif bin Abdulaziz Al Saud Deputy Premier and Minister of Interior arrived here today to head the ...

 Nov 25 2015 - Speakers of GCC Shura Representatives and National Councils meet in Riyadh 2 RiyadhSaudi Press Agency
(MENAFN - Saudi Press Agency) Addressing the meeting the Speaker of Shura Council Sheikh Dr. Abdullah bin Mohammed bin Ibrahim Al Al-Sheikh welcomed the Speakers of Shura Representatives National and ...

 Nov 25 2015 - Saudi- Dr. Abdullah Al Rabiah receives Swiss ambassadorSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh Safar 13 1437 November 25 2015 SPA -- Dr. Abdullah bin Abdulaziz Al-Rabi'ah Advisor at the Royal Court and General Supervisor for Riyadh-based King Salman ...

 Nov 25 2015 - Saudi- National Guard Minister receives French AmbassadorSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh Safar 13 1437 November 25 2015 SPA -- Prince Miteb bin Abdullah bin Abdulaziz Minister of National Guard received here today the ambassador of France to the ...

 Nov 25 2015 - Germany plans to send 650 troops to MaliSaudi Press Agency
(MENAFN - Saudi Press Agency) Berlin Safar 13 1437 November 25 2015 SPA -- The German government plans to send up to 650 troops to Mali to help with the peacekeeping mission in the West African ...

 Nov 25 2015 - Turkey- G20 Communiqu: " The fight against terrorism is a major priority "The Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Following the two-day summit in Antalya Turkey G-20 leaders released a communiqué calling for greater coordination and information to counter terrorist ...




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