The Hindu Business Line : India actively considering Canada's offer for nuclear coop

OTTAWA: India is actively considering Canada's offer for nuclear cooperation and the government will soon finalise the draft agreement after working out on the final technical details and conditions under which business can be done, a senior Diplomat has said.

“The Canadian draft agreement is under actively consideration of the government and will be finalized soon as India recognized Canadian efforts at NSG and its ability to provide nuclear material and technology for peaceful civilian purposes,” Mr S M Gava i, Indian High Commissioner to Canada said during the Republic Day celebrations here.

Commending Canada's efforts to sign a nuclear pact with India, he said: “We want to make sure that the proposed Canada-India nuclear agreement is equitable and non-discriminatory, and we work on the same wavelength.”

The final technical details of the nuclear cooperation agreement and conditions under which business can be done between both countries were being worked out, Mr Gavai added.

“Canadian firms, including federally-owned Atomic Energy of Canada Ltd, Cameco Corp and SNC-Lavalin were eager to forge joint ventures or work with Indian firms to help build billion-dollar nuclear reactors and supply uranium,” he said.

India is in favour of early implementation of Canada-India Foreign Investment Promotion and Protection Agreement and stressed on the need for facilitating greater engagement between small and medium enterprises of the two countries.

Referring to Free Trade Agreement between the countries, Mr Gavai said that there were a number of areas in which both countries have different perceptions and efforts were being made to resolve the differences. - PTI

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