Hailing the conclusion of a nuclear fuel reprocessing
agreement, a major trade group has sought quick resolution of two other key
issues to fully implement the India-US civil nuclear deal. The two issues
relate to an agreement by the US
and Indian governments on non-proliferation assurances to permit US licensing
for technical exchanges regarding nuclear power and passage of a nuclear
liability law by India.
"Resolution of two key issues will enable India
to assume a key role in the global commercial nuclear supply chain," said
Ted Jones, Director for Policy Advocacy at US-India Business Council (USIBC).
"We hope these issues will get early attention, as US
and Indian commercial nuclear firms are eager to partner not just in India, but in
the renaissance of commercial nuclear power around the world."
"Delays in these 'Part 810 assurances,' as they are
known, are currently preventing work by Indian suppliers in the US as well as collaboration in India," it
said.
A nuclear liability law will not just establish an effective
and assured means for adequate compensation in the extremely unlikely event of
an accident, USIBC said.
"It will also enable responsible national and
international suppliers to develop the safest nuclear power Programme in India."
Describing the agreement to grant India
advance consent to reprocess spent fuel of US
origin and fuel burned in US reactors as a "significant step forward for
US-India commercial nuclear cooperation," USIBC noted it is just the third
such pact ever undertaken by the US with another country.
The US
had previously granted similar rights only to the European consortium EURATOM
and Japan, but not to China, Brazil,
Indonesia, South Korea,
nor to sixteen other countries with 123 Agreements.
"The agreement to make India
the third reprocessing partner of the US reflects the special trust and
respect that exists between strategic partners," said USIBC President Ron
Somers.
"Today's announcement attests to continuity and
bipartisanship in both countries, and encourages us that US-India civil nuclear
trade is near at hand," he said.
US commercial nuclear companies have much to offer India as it
undertakes an ambitious plan to add 60,000 MW in commercial generating capacity
by 2030, USIBC said. The US
commercial nuclear industry leads the world in size, performance, innovation
and engineering.
The US is
by a wide margin the largest generator of nuclear electric power in the world
with 27 percent of the world's total installed capacity and nearly double the
number of reactors as France,
it said. The US
also produces at roughly half to one third of the cost in other major
countries, it said. In recent decades, US reactor companies and civil nuclear
engineering companies have remained at the forefront of innovation and engineering
worldwide.