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Home arrow News arrow Power and Energy arrow India inks civil nuclear cooperation deal with South Korea
India inks civil nuclear cooperation deal with South Korea Print E-mail
Written by Ganesh   
Tuesday, 26 July 2011
New Delhi: After a meeting between President Pratibha Patil and her South Korean counterpart Lee Myung-Bak, a civil nuclear cooperation agreement was signed between both countries, allowing a framework for Korean companies to participate in atomic power plant projects in the country.

South Korea follows US, France, Russia, Canada, Mongolia, Kazakhstan, Argentina and Namibia, becoming the ninth country to ink a civil nuclear cooperation agreement with India after it got the waiver from the Nuclear Suppliers' Group (NSG) in 2008.

President Pratibha Patil also invited Korean companies to invest in India and explore business opportunities. She invited more Korean companies to invest in India and make it their base for manufacturing operations including for export to other countries.

They deliberated on issues pertaining to co-production of defence equipment, transfer of technology and joint Research and Development.

They also discussed the possibilities of cooperation in the peaceful uses of outer space. India looks forward to once again launching Korean satellites on Indian rockets. Increased naval and coast guard cooperation was also touched upon in the discussions.

The nuclear agreement was signed by Dr Srikumar Banerjee, Secretary Department of Atomic Energy and Kim Sung Hwan, Foreign Minister of the Republic of Korea.

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