Contact Group working to iron out implementation issues on Indo-US nuke deal

In a last-ditch effort to iron out implementation issues including administrative and liability in the seven-year-old Indo-US civil nuclear deal, the high- level Contact Group will meet tomorrow, four days ahead of Obama's visit.

Contact Group working to iron out implementation issues on Indo-US nuke deal
NEW DELHI: In a last-ditch effort to iron out implementation issues including administrative and liability in the seven-year-old Indo-US civil nuclear deal, the high- level Contact Group will meet tomorrow, four days ahead of US President Barack Obama's visit here.

Top Pentagon official Frank Kendall will also arrive here tomorrow to give final touches to defence-related content even as the two countries during the Summit meeting between Prime Minister Narendra Modi and Obama in Washington in September had decided to renew for 10 years the defence agreement to start joint development and production of military hardware.

Both countries are working hard to have "excellent" outcomes during the three-day visit of Obama, who will have a tight schedule including talks with Modi, attending Republic Day parade as the Chief Guest, meeting with business leaders, address on 'India and America: The Future We Can Build Together' and a quick visit to Agra to see iconic Taj Mahal.

The Contact Group, comprising representatives of nuclear industries from both sides -India's Nuclear Power Corporation of India (NPCIL) and Westinghouse and GE-Hitachi from the US, has already held two rounds of detailed discussions on a range of implementation issues, including administrative, liability, technical and licencing to facilitate the setting up of US-designed nuclear power plants in India.

The two sides are also reportedly working on a proposal for a insurance pool by the domestic Indian companies to offset the financial burden of American entities.

The first meeting of Contact Group had taken place here in December last.
ADVERTISEMENT

Meanwhile, Kendall, who is the Pentagon's point person on India-related defence issues, in particular on the India-US Defense Trade and Technology Initiative (DTTI), will hold discussions with officials here to come up with some "concrete" deliverables.

India and the US have also held series of high-level meetings in key areas of investment, counter-IED and infrastructure here as well as in Washington in the past two weeks.

The interactions included India-US infrastructure collaboration platform, Indo-US Investment Initiative and a meet on US Global Entry Programme.

They also held four-day deliberations on counter improvised explosive devices (IED) during which ways to help India tackle the threat of IEDs with information and technology was being discussed.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
What to expect from US president Barack Obama's visit
1/4
Washington wants forward movement on Nuclear Liability Law that would enable GE and Westinghouse to enter Indian market and make the civil nuclear deal of 2008 operational.

India too is keen to break the logjam and is working on a model that will have a pool of insurance companies giving guarantees to reactor suppliers besides diluting the provision in the law that makes the supplier liable in case of an accident.

A similar arrangement was also reached with the Russian side whose nuclear fi rms are, however, state-run. GoI thinks such an arrangement will also encourage Indian private players to get into manufacturing reactors
Washington wants forward movement on Nuclear Liability Law that would enable GE and Westinghouse to enter Indian market and make the civil nuclear deal of 2008 operational.

India too is keen..
Read More
Watch out for an announcement or a commitment on further raising FDI cap in defence.

Discussions on joint production and co-development of defence items are also on the agenda. The 10- year bilateral defence partnership is also likely to be renewed in this trip
Watch out for an announcement or a commitment on further raising FDI cap in defence.

Discussions on joint production and co-development of defence items are also on the agenda. The 10- year b..
Read More
India will reassure US on easing the process to do businesses in India, especially in high priority sectors like smart cities and railways. Forward movement is expected on Intellectual Property Rights regimes of both countries during this trip.

Obama will interact with the India-US CEOs during this visit.
India will reassure US on easing the process to do businesses in India, especially in high priority sectors like smart cities and railways. Forward movement is expected on Intellectual Property Right..
Read More
More counter-terror cooperation with emphasis on ISIS and Af-Pak terror groups.

India would like to hear from US about situation in Pak and Islamabad’s effort to control terror in the backdrop US-Pak strategic dialogue in this month.
More counter-terror cooperation with emphasis on ISIS and Af-Pak terror groups.

India would like to hear from US about situation in Pak and Islamabad’s effort to control terror in the backdr..
Read More
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Politics › Contact Group working to iron out implementation issues on Indo-US nuke deal
Text Size:AAA
Success
This article has been saved

*

+