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1 posted on 03/17/2006 5:24:46 AM PST by Irreverent
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To: Irreverent

India for expansion of N-cooperation with Russia
 

Desperately short" of hydrocarbon resources, India today sought expansion of civil nuclear cooperation with Russia and talked about the possibility of involving Moscow in the Iran-India gas pipeline project.

India also thanked Russia for its decision to supply urgently-needed 60 metric tonnes of uranium to Tarapur Atomic Plant Station (TAPS).

After about two-hour long talks with his Russian counterpart Mikhail Fradkov here, Prime Minister Manmohan Singh said India envisioned a "substantial increase" in the share of nuclear energy in its overall energy mix as he appreciated Moscow's decision to supply uranium to Tarapur nuclear plant.

The US has expressed reservations to the move to supply uranium, saying such a step should be taken only after India fulfilled its obligations under the Indo-US civil nuclear deal.

However, both India and Russia have brushed aside the US reservations saying the move did not violate the NSG guidelines. During the talks between Singh and Fradkov, India is understood to have sought expediting of supplies of material and equipment by Russia for under-construction Kudankulam nuclear project.

Under a deal of 2001, Russia had committed to supply 90 per cent of material and equipment to units I and II of the

.

 

   plant which are scheduled to be operational by 2007 and 2008 respectively.

We see the Kudankulam project as a flagship of our cooperation" in the field of nuclear energy, Singh said

He said his discussions with Fradkov were focussed on giving a "new depth" to the strategic partnership between the two countries and that India looked forward to working closely, bilaterally and multilaterally, with Russia.

The Prime Minister said the growing economies of India and Russia offered considerable scope for cooperation in energy, information technology, biotechnology and high- technology commerce.

"While we explore ways at the government level to promote our economic ties, business communities must develop greater interaction and business-to-business contacts. Private sector partnerships must be the new cementing force in our relations. Greater facilitation of business travel will help in this regard," he said.

"Singh said he has accepted President Vladimir Putin's invitation to attend the G-8 Summit being hosted by Russia in St.Petersburg in July this year. Asked about the prospects of Russia's involvement in the proposed Iran-Pakistan-India gas pipelne project, Singh said "ways and means can be explored" in this regard considering

 

  that Moscow had the experience and expertise in buildng such pipelines.

Fradkov said if such a suggestion is put forward, Russia would consider it.

"India is desperately short of hydrocarbon resources and therefore we are interested in entering into bilateral and trilateral arrangements to meet the gaps, Singh said, noting that the Iran-Pakistan-India gas pipeline project was being pursued in this context.

Describing Russia as a "tried and tested friend", Singh said "Ours is a strategic partnership based on trust, confidence and abiding convergence of nation al interests." As large modernizing economies, the two countries have an interest in strengthening bilateral cooperation and jointly making global interdependence beneficial, he said.

Terming his visit as a "success" and "very substantial", Fradkov said Russia has drawn up a "business-action plan" to bolster economic and trade ties between the two countries.

He assured to amicably sort out the procedural problems, mainly related to visa requirements, encountered by Indian businessmen wishing to do business in Russia. "We want efficient business-to-business relations", he said.

The two sides were discussing bilateral and trilateral arrangements for accelerating the pace of development, he said.

 


2 posted on 03/17/2006 5:25:23 AM PST by Irreverent
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To: Irreverent

I was not quite in favour of the nuclear deal with US but it seems we have no choice.


4 posted on 03/17/2006 11:18:28 AM PST by Gengis Khan
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To: Irreverent

The Indians really shouldn't buy from Russia, they are putting themselves at risk.


5 posted on 03/17/2006 4:07:03 PM PST by Thunder90
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