India, US sign landmark 123 Agreement
India and the US operationalised the "path-breaking" bilateral nuclear deal as they signed the 123 Agreement. N-deal business potential | Twists & turns in N-deal
By PTI |
WASHINGTON: India and the US on Friday operationalised the "path-breaking" bilateral nuclear deal as they signed the 123 Agreement here, with New Delhi insisting that the accord is "legally-binding" on both sides.
External Affairs Minister Pranab Mukherjee and US Secretary of State Condoleezza Rice put the final seal on the agreement at an impressive ceremony held in the Benjamin Franklin Room of the State Department, culminating a crisis-ridden process initiated on July 18, 2005 in Washington during Prime Minister Manmohan Singh's visit for talks with US President George W. Bush.
"Both India and the US Administration have now completed all our internal procedures to be able to sign this path breaking agreement," Mukherjee said after signing the agreement, paving the way for entry of American companies into the Indian nuclear market after three decades.
"Today is an important day for India-US relations, for global energy security and for our common endeavour to promote sustainable development while addressing environmental challenges," he said at the ceremony held at the State Department.
External Affairs Minister Pranab Mukherjee and US Secretary of State Condoleezza Rice put the final seal on the agreement at an impressive ceremony held in the Benjamin Franklin Room of the State Department, culminating a crisis-ridden process initiated on July 18, 2005 in Washington during Prime Minister Manmohan Singh's visit for talks with US President George W. Bush.
"Both India and the US Administration have now completed all our internal procedures to be able to sign this path breaking agreement," Mukherjee said after signing the agreement, paving the way for entry of American companies into the Indian nuclear market after three decades.
"Today is an important day for India-US relations, for global energy security and for our common endeavour to promote sustainable development while addressing environmental challenges," he said at the ceremony held at the State Department.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
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.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
