India-Russia Discuss Additional Reactors

By admin • December 22nd, 2010

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Talks between India’s Prime Minister, Manmohan Singh, and Russia’s President, Dmitry Medvedev, have advanced on an additional Russian designed nuclear reactor at the Kudankulam nuclear plant. A statement issued by both parties stated that progress had been made in reviewing the commission of two units and to set up additional units at Kudankulam. Also signed, was an agreement to broaden scientific and technical cooperation in nuclear energy.

Yesterday the two countries agreed to advance efforts to achieve a bilateral trade target of $20 billion by 2015. The idea of a Comprehensive Economic Cooperation Agreement was also discussed. Russia also responded well to India’s interest in full membership of the Missile Technology Control Regime and the Wassennar Agreement.

It was also agreed that, the inter-governmental agreement on cooperation into the hydrocarbon sector should also serve as an “effective enabling legal mechanism” to accelerate governmental clearances for both parties to assist the creation and operation of joint ventures.

International Government Affairs & Corporate Relations Consultants for Emerging Markets

 

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