TOKYO – Japanese Prime Minister Shinzō Abe and his Indian counterpart Manmohan Singh agreed on Wednesday to speed up talks on a deal to allow Japan to export nuclear plants and to strengthen security cooperation as both sides keep a wary eye on China’s military clout.
“In the political and security area, maritime security cooperation will further be strengthened … On civil nuclear cooperation, negotiation will be accelerated toward the early conclusion of the agreement,”Abe told a ceremony alongside Manmohan Singh.
Unable to rely on a coal sector crippled by supply shortages and mired in scandals, India is pushing ahead with constructing nuclear reactors despite global jitters over safety. Hundreds of millions of Indians still live without power, and factories suffer frequent blackouts.
A civil nuclear energy pact with India would give Japanese nuclear technology firms such as Toshiba Corp and Hitachi Ltd access to India’s fast-growing market when they search for opportunities overseas to offset an anti-nuclear backlash at home in response to the Fukushima radiation crisis.
Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. Moneymunch.com and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.