Canada agrees to sell nuclear reactors to India

Canada agrees to sell nuclear reactors to IndiaAfter opposing the Indian nuclear programs for decades, Canada has finally agreed to support India in the nuclear sector.

Canadian Foreign Minister John Baird, who is in New Delhi for talks with his Indian counterpart SM Krishna, has said that Canada is now ready to sell nuclear reactors to India.

Mr. Braid said India is today a totally different country, and Canada values India's investments in natural energy resources.

Speaking on the topic, Mr. Braid said, "We have turned the page with India. India is a very different country today."

Canada had cut off its ties with India in the nuclear sector after India carried out first nuclear test 1974. At that time, Canada felt that the material used in the nuclear bomb had been diverted from plants designed by Canada.

Mr. Baird expressed hope that the two countries would be able to sign a Comprehensive Economic Partnership Agreement (CEPA) by 2013, while the Social Security Agreement could be signed during Canadian Prime Minister M Stephen Harper's visit to India in November this year.

India and Canada had signed a nuclear agreement in 2010, but that agreement could not become operational because that deal lacked finalization of end-user agreement.

Canada has become an energy superpower, and India sees it as an emerging favourite source for natural energy resources. Canada has abundant oil and gas reservoirs under its tar sands, and India is one of the biggest consumers of these natural energy resources in the world.