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After a long three years of Controversial talk on Indo - US Nuclear deal, U.S. Congree finally approved this deal on Wednesday. The motion get 86 votes in favour and 13 votes against the motion. One of the Congressman quoted on this deal " Historic Vote " and said this will form a lasting strategic alliance between the United States and the world's largest democracy. The agreement, which the Bush administration considers a significant foreign policy achievement, will open door for India's Civil Nuclear projects. This will end a drought or 'technology denial regime' of 34 year that India was facing ban from U.S and many Nuclear Power Supply countries from late 1974 ( Pokhran-1 ) after the first Nuclear Test. India-US Nuclear Deal Sparks Interest in Doing Business in India.
In last month India has agreed to open its civilian nuclear facilities to international inspection under the Nuclear Non proliferation Treaty, though its eight military nuclear plants would not be subject to scrutiny in NSG brifed meeting. This deal will open $150 billion market to devlope Nuclear Plants and maintain them for both Indian and American plus all devloped nation who have Nuclear facilities. Though the amount is large and will surely helped American companies who are facing cool off in heir home countries.
Bush praised the vote, saying the agreement "will strengthen our global nuclear nonproliferation efforts, protect the environment, create jobs and assist India in meeting its growing energy needs in a responsible manner."Ron Somers , President of Industries Association - A group of U.S. top 300 companies who are committed to a long term partnership with India, quoted "The benefits will be many and the impact profound, beckoning a new era in US-India relations."
"By enabling US-India civil nuclear cooperation, India not only joins the international nuclear non-proliferation mainstream, but now has the opportunity to achieve energy security, while protecting the global environment," later he said.
"A massive scope for commercial opportunity between US and Indian companies will also be the result, valued at more than $150 billion over the next 30 years, spurring a revival of the nuclear power industries of both countries that will create as many as a quarter million high-tech US jobs for generations to come," words of Ron Somers.
It would shore up "a durable foundation upon which US-India relations will flourish and America's partnership will deepen with the world's largest free-market democracy," the business advocacy organisation said.
On the day of Gandhi's Jayanti - World know him as Mahatma Gandhi and we know by Bapu. Indo - US deal took place, this Proves that India will always use Nuclear power for its Civil Projects. And U.S also know this fact, thats why it completed on October 2nd , 2008 in IST.
On the day of Gandhi's Jayanti - World know him as Mahatma Gandhi and we know by Bapu. Indo - US deal took place, this Proves that India will always use Nuclear power for its Civil Projects. And U.S also know this fact, thats why it completed on October 2nd , 2008 in IST.
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