Study finds decision is the beginning of the country's extended trade relations with the nuclear fuel and technology suppliers
- By Mark McFadden -
Research and Markets has announced the addition of GlobalData's new report "NSG Waiver for the Nuclear Deal will Accelerate Investment in India's Nuclear Sector" to their offering. In response to the Peaceful Nuclear Explosion in 1974 the Nuclear Supplier countries imposed a ban on the trading nuclear material, equipment, and technology with India.
The role of Nuclear Suppliers Group (NSG) which was set up in 1975 is to control the accessibility of nuclear exports and to make all the nuclear power countries the members of Non-Proliferation Treaty. Being a non-member of Nuclear Non-Proliferation Treaty (NPT) and Comprehensive Test Ban Treaty (CTBT), many NSG members felt that approving nuclear trade with India, a nuclear-armed country, would undermine global non-proliferation efforts and further legitimize nuclear weapons. India managed to operate its civilian and military reactors with the available uranium sources and heavily depended on the conventional sources for electricity generation.
The NSG approval and the finalization of India-US Civilian Nuclear deal on October 11, 2008 for India's formal entry into the nuclear fuel trade and technology cooperation also signifies the beginning of the country's extended trade relations with the nuclear fuel and technology suppliers.
Viewpoints cover the latest key events or important developments in the nuclear energy industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and Our views of various developments that have been taking place in the nuclear energy industry across the world.
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