Australia-India civil nuclear deal concluded, supply to start soon

India will be the first country to buy Australian uranium without being a signatory to the nuclear non-proliferation treaty.

PTI June 01, 2016 19:20:19 IST
Australia-India civil nuclear deal concluded, supply to start soon

New Delhi: Australia said on Wednesday, as it has concluded the nuclear agreement with India, the supply of uranium will begin in a short period of time.

Australian High Commissioner to India Harinder Sidhu said that concluding contracts and supply can take some time but active engagement is underway on supplying uranium to India.

"I am hopeful that we will see contracts concluded and supply start in a relatively short span of time," she said at a ICRIER seminar on trade liberalisation in New Delhi.

The Australia-India nuclear cooperation agreement permits Australian companies to commence commercial uranium exports to India.

AustraliaIndia civil nuclear deal concluded supply to start soon

Australia's Prime Minister Tony Abbott (L) with his PM Modi during the signing of agreements ceremony in New Delhi. File Photo. Reuters

Australia has about 40 per cent of the world's uranium reserves and exports nearly 7,000 tonnes of yellow cake annually.

India and Australia began talks on the Civil Nuclear Cooperation Agreement in 2012 after it lifted a long-standing ban on selling uranium to energy-starved India.

India, which has nuclear energy contributing just 3 per cent of its electricity generation, will be the first country to buy Australian uranium without being a signatory to the nuclear non-proliferation treaty.

When asked Australia's stand on India's entry into the Nuclear Suppliers Group (NSG), she said that her government is "very very supportive" of India's entry into NSG.

"We very much want to see India enter, engage and to make the contribution in the group," she added.

India has been eyeing to get entry into the Nuclear Suppliers Group, the Missile Technology Control Regime, the Wassenaar Arrangement and the Australia Group

Updated Date:

also read

Former Australia cricketer Stuart MacGill allegedly kidnapped and released in Sydney; police arrest four men
First Cricket News

Former Australia cricketer Stuart MacGill allegedly kidnapped and released in Sydney; police arrest four men

The police said Stuart MacGill was assaulted and threatened with a firearm before being released after the hour-long ordeal.

IPL 2021: Australia players' union chief says chartered flight for players after tournament under consideration
Sports

IPL 2021: Australia players' union chief says chartered flight for players after tournament under consideration

Australian Cricketers' Association (ACA) chief Todd Greenberg said Cricket Australia will talk to the IPL franchise owners on this arrangement but conceded that it will not be a simple thing.

IPL 2021: Travelling back home is a small issue compared to situation outside tournament bubble, says Ricky Ponting
First Cricket News

IPL 2021: Travelling back home is a small issue compared to situation outside tournament bubble, says Ricky Ponting

Three Australian players have exited the tournament amid the escalating health crisis, while Mumbai Indians batsman Chris Lynn requested Cricket Australia to arrange for a chartered flight to take them home after the event is over.