Mumbai, November 16: Canada today hoped that a nuclear co-operation agreement with India would be inked soon which would facilitate the development of nuclear power for civilian use. “It is my sincere hope our Governments will soon conclude a civilian nuclear agreement which will enable development of nuclear power for civil use,” Canadian Prime Minister, Stephen Harper, said at a meeting with prominent Indian businessmen here today.
The proposed agreement envisages allowing Canadian companies to sell nuclear technology to India. Cameco, a uranium miner with significant operations in Saskatchewan, Canada, is planning to set up its marketing office to explore opportunities in uranium fuel supply to India.
India and Canada earlier this year signed a memorandum of understanding that would allow Canada to play a role in India”s planned building of 25-30 nuclear reactors. The Canadian Premier said that both India and Canada had immense trade potential and there was a need to seize this opportunity.
“The two countries” combined GDP is on its way to USD 4-trillion, yet two-way trade and investment amounts to just USD 5 billion. This signals a lot of untapped business potential,” Harper said.
—PTI–