Indo-Japan Civil Nuclear Agreement: A win-win?

Even as objections from antinuclear campaigners clouded the prospects of signing a civil nuclear deal, India and Japan’s government made a breakthrough in their six-year long on-going negotiations last week. A civil nuclear cooperation agreement was signed in Tokyo during Prime Minister Narendra Modi’s much awaited visit to Japan. While many hail this deal to be a success in India’s ‘Look East’ policy and others compare it to the historic Indo-US civil nuclear deal, there are a few key features about the deal; A win-win situation The deal is critical to India’s renewable energy plans and a lifeline for the Japanese nuclear power industry, which has been swamped since the Fukushima Daiichi power plants’ meltdown in Japan in 2011. New York Times reported that for Japan ‘India looks like a rare opportunity. It is planning 20 new reactors over the next decade or so, and as many as 55 more have been proposed.’ Japan’s nuclear energy industry has certainly a lot to gain by tapping into India’s market. India with its burgeoning population, pollution and desperate energy needs, hopes to achieve a lot through investing in this means of cleaner and greener energy source. Therefore, the deal it key to fulfil India’s nuclear vision, which envisages about 63000 MW of installed nuclear power capacity by 2032. Economically, this move translates into a boost for the bilateral trade of about $15 billion between the two Asian economies. Bridges Indo-Japan Diplomatic efforts The deal evidently helps bridge India and Japan’s diplomatic effort…

Source: Diplomatic Courier

Indo-Japan Civil Nuclear Agreement: A win-win?

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