Archive for the ‘Condoleezza Rice signing’ Category

US to send nuclear mission to India

October 16, 2008

WASHINGTON (AFP) – The United States has said it would send a mission to India in December to explore business opportunities following a landmark pact to open up sales of civilian nuclear technology to the country.
Indian Foreign Minister Pranab Mukherjee (left) shakes hands ... 
Indian Foreign Minister Pranab Mukherjee (left) shakes hands with US Secretary of State Condoleezza Rice after signing the US-India Civil Nuclear Agreement in Washington, DC on October 10. The United States has said it would send a mission to India in December to explore business opportunities following a landmark pact to open up sales of civilian nuclear technology to the country.(AFP/File/Kris Connor)
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US Secretary of State Condoleezza Rice and her Indian counterpart Pranab Mukherjee signed the agreement last week that lifted a three-decade ban on US-Indian civilian nuclear trade imposed after India’s first nuclear test in 1974.

“I’m pleased to announce that the Commerce Department has certified the US-India Business Council for a civil nuclear trade mission to India this coming December,” US Commerce Secretary Carlos Gutierrrez said Wednesday.

Council President Ron Somers has projected 150 billion dollars worth of business between US and Indian companies over the next 30 years following the deal, which offers India access to US technology and cheap atomic energy in return for allowing UN inspections of some of its civilian nuclear facilities.

US-India bilateral trade in 2007 was nearly 42 billion dollars, up 55 percent from 2005, Gutierrez said at a council meeting Wednesday aimed at tapping business opportunities in India‘s “clean energy” market.

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http://news.yahoo.com/s/afp/20081016/wl_asia_afp/usindiaenergynuclearpolitics
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