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India becomes first non-NPT signatory to ink landmark civil nuclear deal with Japan

India and Japan today signed the civil nuclear agreement during Prime Minister Narendra Modi's visit to Tokyo, the Indian External Affairs Ministry said. "A landmark deal for a cleaner, greener world! PM @narendramodi and PM

India TV Business Desk, Tokyo [ Updated: November 11, 2016 16:49 IST ]
PM Modi with Japanese PM Shinzo Abe
PM Modi with Japanese PM Shinzo Abe

India and Japan today signed the civil nuclear agreement during Prime Minister Narendra Modi's visit to Tokyo, the Indian External Affairs Ministry said.

"A landmark deal for a cleaner, greener world! PM @narendramodi and PM @AbeShinzo witness exchange of the landmark Civil Nuclear Agreement," External Affairs Ministry spokesman Vikas Swarup posted on Twitter today.

The move, that will boost bilateral economic and security ties and facilitate US-based players to set up atomic plants in India, came after PM Modi held talks with his Japanese counterpart Shinzo Abe.

The two countries had reached a broad agreement for cooperation in civil nuclear energy sector during Abe's visit to India in December last year, but the deal was yet to be signed as some issues were yet to be worked out.

The deal would allow Japan to export nuclear technology to India, making it the first non-NPT signatory to have such a deal with Tokyo. It would also cement the bilateral economic and security ties as the two countries warm up to counter an assertive China.

There was political resistance in Japan - the only country to suffer atomic bombings during World War II - against a nuclear deal with India, particularly after the disaster at the Fukushima Nuclear Power Plant in 2011.

 

Japan is a major player in the nuclear energy market and an atomic deal with it will make it easier for US-based nuclear plant makers Westinghouse Electric Corporation and GE Energy Inc to set up atomic plants in India as both these conglomerates have Japanese investments.

Other nations who have signed civil nuclear deal with India include the US, Russia, South Korea, Mangolia, France, Namibia, Argentina, Canada, Kazakhstan and Australia.

 

(With PTI inputs)

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