BREAKING NEWS

India hints tough measures against new nuclear trade rules

By REUTERS

JULY 3, 2011 15:25

NEW DELHI - India's top diplomat on Sunday hinted New Delhi could ban nuclear reactor purchases from countries refusing to sell sensitive nuclear technology to it after suppliers decided to tighten such trade against countries like India.

Foreign Secretary Nirupama Rao also said the United States, Russia and France stood by their promises to supply such technology despite last month's decision by the Nuclear Supplier Group (NSG) to restrict transfer of uranium enrichment and reprocessing technology which can be used to make atomic bombs.

The suppliers' decision was seen as a blow to nuclear-armed India, which won a waiver from such trade restrictions in 2008, a move that ended its three-decade-long nuclear isolation.

India plans to raise it nuclear power generation capacity to 7.3 GW by end-March from the current 4.7 GW, and hopes to have over 20 GW of such capacity by 2020.

The billions of dollars in contracts up for grabs make India an attractive market for firms like General Electric, Westinghouse Electric, France's Areva and Russia's Rosatom.

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