Australia to supply uranium to India

Australia will start uranium exports to India as soon as possible, Australian Prime Minister Malcolm Turnbull said on Monday, referring to a long-standing demand from Asia’s third largest economy which is looking at environment friendly fuels to power its growing economy.

Turnbull who is in India on a four- day visit made the remark in a statement delivered after talks with his host Narendra Modi.

Both the prime ministers felt that commercial export of Australian uranium could begin soon, opening up a new avenue for Australia to support India’s energy requirement.

“We’ve worked closely with India to meet our respective requirements for the provision of fuel for India’s civil nuclear programme, and we look forward to the first export of Australian uranium to India as soon as possible,” Turnbull said.

The Australian prime minister arrived in New Delhi on Sunday is on his first visit to India after taking over from Tony Abbott in September 2015. During his first year in office, Turnbull focused on improving ties with countries in the immediate neighbourhood with visits to Indonesia and major trade partner China. This is a far cry from the tempo of India-Australia ties set by Abbott, who visited India in September 2014—just months after Narendra Modi took office—and the Indian prime minister returning the visit in November 2014.

Modi and Turnbull have previously met bilaterally on the sidelines of a G20 meeting in China last year.

No comments:

Post a Comment