India, US reach nuclear breakthrough

Thursday 29th January 2015 04:31 EST
 
 

In a glow of bonhomie, US President Barack Obama and Indian Prime Minister Narendra Modi unveiled plans to unlock billions of dollars in nuclear trade and to deepen defence ties, steps they hope will establish an enduring strategic partnership. With Obama using his executive powers to roll back the condition that US authorities be allowed to monitor use of nuclear material purchased by India even from third countries, the two leaders successfully finalised the terms and conditions for operationalizing the civil nuclear deal. "We are committed to moving towards full implementation," Obama told a joint news conference with Modi. "This is an important step that shows how we can work together to elevate our relationship."

The new deal resolved differences over the liability of suppliers to India in the event of a nuclear accident and US demands on tracking the whereabouts of material supplied to the country, US ambassador to India Richard Verma told reporters.

"Ultimately it's up to the companies to go forward, but the two governments came to an understanding," he added. Signalling warmth and determination to take ties to a higher level, Modi broke with protocol to meet and bear-hug Obama as he landed in New Delhi, then referred to him as Barack. It was a remarkable spectacle, given that a year ago Modi was persona non grata in Washington and was denied a visa to the United States.

Between a working lunch, the two leaders got down to talks. They emerged with a 10-year framework for defence ties and deals on cooperation that included the joint production of drone aircraft and equipment for Lockheed Martin Corp's C-130 military transport plane.

Other deals ranged from an Obama-Modi hotline - India's first at a leadership level - to financing initiatives aimed at helping India use renewable energy to lower carbon intensity. But Modi cautioned that work was still needed to create a solid partnership between the world's two largest democracies.

"We have to convert a good start into lasting progress. This requires translating our vision into sustained action and concrete achievements," he said, standing next to Obama.


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