ID :
52040
Tue, 03/24/2009 - 16:28
Auther :
Shortlink :
https://www.oananews.org//node/52040
The shortlink copeid
India tells US it has huge market for energy and defence goods
Lalit K Jha
Washington, Mar 24 (PTI) Conveying that there will be
no let up in India's drive to modernise its energy and defence
sectors, Special Envoy of the Indian Prime Minister Shyam
Saran Tuesday said this should encourage Washington to look at
New Delhi as a source of demand for its goods and services.
Observing that the nuclear deal has opened up immense
business opportunities between the two countries, Saran said:
"India has already conveyed a letter of intent for up to
10,000 megawatts of US nuclear power reactors at sites that
are currently under examination within our Government."
"10,000 megawatts of nuclear energy may translate into
USD 150 billion worth of projects, with significant business
opportunities and potential collaboration for both Indian and
US companies. This would also result in significant and high
quality job creation in both our countries," he said.
Saran, who arrived here Monday on a four-day visit,
met top officials of the Obama administration on climate
change and exchanged views on the critical issue, which has
been a major focus of the new US Government.
He met Special US Envoy on Climate Change Todd Stern
and Nancy Helen Sutley, Chair, White House Council on
Environmental Quality.
During the meetings, Saran emphasises on the Americans
that if India maintains its current level of defence spending
to achieve its medium and long-term goals of force up
gradation, then a growing part of the expected 10 year
acquisition plan of USD 20 billion could be reoriented towards
the US.
This, he said, will require the US to overcome
lingering Indian doubts about the reliability of US supplies.
Earlier in the day, Saran addressed the prestigious
Brookings Institute on Indo-US civilian nuclear deal.
Delivering key note address at the day-long seminar
organized by the Brookings on the issue, Saran said: "The
Civil Nuclear agreement has opened up several areas of mutual
interest that are worth pursuing and which should, therefore,
remain within our sights in the days ahead." PTI
Washington, Mar 24 (PTI) Conveying that there will be
no let up in India's drive to modernise its energy and defence
sectors, Special Envoy of the Indian Prime Minister Shyam
Saran Tuesday said this should encourage Washington to look at
New Delhi as a source of demand for its goods and services.
Observing that the nuclear deal has opened up immense
business opportunities between the two countries, Saran said:
"India has already conveyed a letter of intent for up to
10,000 megawatts of US nuclear power reactors at sites that
are currently under examination within our Government."
"10,000 megawatts of nuclear energy may translate into
USD 150 billion worth of projects, with significant business
opportunities and potential collaboration for both Indian and
US companies. This would also result in significant and high
quality job creation in both our countries," he said.
Saran, who arrived here Monday on a four-day visit,
met top officials of the Obama administration on climate
change and exchanged views on the critical issue, which has
been a major focus of the new US Government.
He met Special US Envoy on Climate Change Todd Stern
and Nancy Helen Sutley, Chair, White House Council on
Environmental Quality.
During the meetings, Saran emphasises on the Americans
that if India maintains its current level of defence spending
to achieve its medium and long-term goals of force up
gradation, then a growing part of the expected 10 year
acquisition plan of USD 20 billion could be reoriented towards
the US.
This, he said, will require the US to overcome
lingering Indian doubts about the reliability of US supplies.
Earlier in the day, Saran addressed the prestigious
Brookings Institute on Indo-US civilian nuclear deal.
Delivering key note address at the day-long seminar
organized by the Brookings on the issue, Saran said: "The
Civil Nuclear agreement has opened up several areas of mutual
interest that are worth pursuing and which should, therefore,
remain within our sights in the days ahead." PTI
