Nuclear deal with U.S. good for India: Study
By
IANS
New Delhi: The India U.S. civilian nuclear deal will reposition the country's corporate sector at a higher scale globally but a continued opposition will jeopardise its strategic interests, says a study by an apex industry group.
"Today, the US is willing to consider such a major initiative because India has emerged as a giant economy, a stable democracy and a responsible nuclear weapons power," says the study released here Tuesday.
"India must approach the initiative as a larger opening of the global community to its energy needs," adds the study by the Associated Chambers of Commerce and Industry (Assocham) titled "Liberating India from Technology Denial Regime".
It says that the resumption of international cooperation in nuclear energy for India is a challenging task since it seeks an exception to what the world thinks as one of the primary pillars of the current global order.
"Given the inherent opportunities of achieving this objective, only the US is in a position to deliver."
The study also says that continued opposition will also constrict international cooperation for India in areas like satellite launches, precision engineering, high-end sourcing and defence production.
The study says the US draws 21 percent of its electricity from this source, while it is 78 percent for France, 40 percent for Japan, 15 percent for South Korea and around 25 percent for Russia.
"Globally, 16 percent of energy requirements are met from nuclear power, which may be contrasted with its three percent contribution in India."
Referring to the much-discussed Hyde Act, the study says it was a relevant and enabling legislation passed by the US Congress and assented by the president that allows the country to work out the nuclear cooperation agreement with India.
"Without the Hyde Act, it would not have been possible for the two countries to discuss the 123 Agreement because various sanctions of the US Atomic Energy Act forbade such initiatives vis-à¶is India."
Soon after the study was released, a panel of experts, corporate leaders and MPs, including Communist Party of India secretary D. Raja examined it.
While most members of the panel were of the view that the agreement will help India achieve its nuclear power capacities and obtain technology faster, Raja opposed the agreement and wanted it to be renegotiated.
"Today, the US is willing to consider such a major initiative because India has emerged as a giant economy, a stable democracy and a responsible nuclear weapons power," says the study released here Tuesday.
"India must approach the initiative as a larger opening of the global community to its energy needs," adds the study by the Associated Chambers of Commerce and Industry (Assocham) titled "Liberating India from Technology Denial Regime".
It says that the resumption of international cooperation in nuclear energy for India is a challenging task since it seeks an exception to what the world thinks as one of the primary pillars of the current global order.
"Given the inherent opportunities of achieving this objective, only the US is in a position to deliver."
The study also says that continued opposition will also constrict international cooperation for India in areas like satellite launches, precision engineering, high-end sourcing and defence production.
The study says the US draws 21 percent of its electricity from this source, while it is 78 percent for France, 40 percent for Japan, 15 percent for South Korea and around 25 percent for Russia.
"Globally, 16 percent of energy requirements are met from nuclear power, which may be contrasted with its three percent contribution in India."
Referring to the much-discussed Hyde Act, the study says it was a relevant and enabling legislation passed by the US Congress and assented by the president that allows the country to work out the nuclear cooperation agreement with India.
"Without the Hyde Act, it would not have been possible for the two countries to discuss the 123 Agreement because various sanctions of the US Atomic Energy Act forbade such initiatives vis-à¶is India."
Soon after the study was released, a panel of experts, corporate leaders and MPs, including Communist Party of India secretary D. Raja examined it.
While most members of the panel were of the view that the agreement will help India achieve its nuclear power capacities and obtain technology faster, Raja opposed the agreement and wanted it to be renegotiated.
Reader's comments(2)
1: US has put a ban on expansion on nuclear
power projects is it not advisable to do the
same in other friendly countries.Spending a
huge amount to import nuclear fuel rods the
cost of which is twice that of coal driven
power, will eat a good portion of india's
excequer, besides another substantial portion
will have to be kept aside for waste disposal
which will tear the pockets while other
developments like road building and
eradication of diseases among the poor will
standstill. Even now many projectls like
Vajpayees road building and food for work in
the villages of India is not finding progress
due to rampant curruption in parts of the
country. There are no roads with out potholes
and no days without uninterupted powersupply
any where there. But the signing of the deal
can go on on one condition that purchase of
the uraniam fuel is not mandatory.
Posted by: achuthanandan - 12:00 AM Jun 20, ' 08
2: This so called study appears to be just a
propaganda. The only and single most purpose
of this agreement is to save the bankrupted
US corporations. Giving a cover up as if
India is going to be the next Super power
just second to the great master. From the
Indian side this deal only for the business
community who is looking for many ways to
sell India.
The statistics presented is not accurate and it is only an attempt to show as if the apex study group analyzed many things.
The statistics presented is not accurate and it is only an attempt to show as if the apex study group analyzed many things.
Posted by: Jose - 12:00 AM Apr 09, ' 08
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