Nuke deal opens new biz doors for Indian companies

With the successful passage of the Indo-US civil nuclear cooperation agreement, and the exemption granted to the 45 member states of the nuclear suppliers’ group to engage India, have opened up tremendous new business opportunities for Indian companies.

Now, the Indian companies will get access to high technology from the US and other major technologically advanced countries.

At the same time, to minimise risks of unauthorised diversion, these same countries will institute stricter licensing requirements for acquisition, manufacture and trade in a range of sectors including nuclear, chemical, pharmaceutical, biotechnology, electronics, aerospace, lasers, nano-technology and specialty materials, etc. This will call for greater “responsible” action by Indian companies as well.

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