India, Japan set to sign nuclear deal this week: Report

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.

India, Japan set to sign nuclear deal this week: Report
TOKYO: India and Japan are set to sign a historic civil nuclear cooperation deal during Prime Minister Narendra Modi's two-day visit here this week, a move that will boost bilateral economic and security ties and facilitate leading US-based players to set up atomic plants in India.

The two countries had reached a broad agreement for cooperation in civil nuclear energy sector during Japanese Prime Minister Shiozo 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.

Modi and Abe are set to sign the deal on Friday, Japanese Yomiuri Shimbun newspaper reported today.

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.
ADVERTISEMENT

According to the report, India and Japan are also likely to agree that if New Delhi conducts a nuclear test, the bilateral cooperation will stop.

A delegation of Japanese parliamentarians had called on Modi on Thursday in New Delhi ahead of his visit from November 11. That day, Modi also pitched for strengthening bilateral cooperation in the field of disaster management and risk reduction.
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.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Politics › India, Japan set to sign nuclear deal this week: Report
Text Size:AAA
Success
This article has been saved

*

+