Sarkozy trade coup as India buys nuclear reactors

Discussion in 'Politics & Society' started by Rahul92, Dec 6, 2010.

  1. Rahul92

    Rahul92 Senior Member Senior Member

    Joined:
    Sep 4, 2010
    Messages:
    1,622
    Likes Received:
    748
    India has signed a deal to buy nuclear reactors from France, following talks between President Nicolas Sarkozy and Prime Minister Manmohan Singh in Delhi.

    The agreement was signed at a ceremony attended by the two leaders.

    Mr Sarkozy is on a four-day official visit, joined by his defence, foreign and finance ministers and about 60 business leaders.

    Indian media reports that wife, Carla Bruni-Sarkozy, asked for a son during a blessing at a shrine.

    Under the civil nuclear deal, two French reactors worth £6.3bn ($10bn) are expected to be built at Jaitapur in the western Indian state of Maharashtra.

    http://news.bbcimg.co.uk/media/images/50305000/jpg/_50305646_sarkozysinghap.jpg

    The French leader is the latest world statesman to pay court in Delhi recently, with more to come

    Monday's agreement was signed by the heads of French state-controlled nuclear group Areva and India's Nuclear Power Corporation.

    India has 22 nuclear reactors and is seeking to expand its energy sector, opening up a market estimated at £90bn over 15 years.

    France, the world's second largest producer of nuclear energy after the US, hopes to lead an international revival of the industry, which is expected to benefit from worries about global warming and soaring energy prices.

    Hungry for energy to fuel its booming economy, India has a population of 1.2 billion, but gets only a tiny fraction of its electricity from nuclear power.

    Supporters of the deal say that having more nuclear plants in India could help reduce global demand for oil and gas while at the same time significantly reducing the country's pollution levels.

    Among the business leaders in the French delegation are the heads of Dassault Aviation, the aircraft manufacturer, and EADS, the aerospace contractor.

    Mr Sarkozy arrived in India on Saturday and toured a space research facility in Bangalore before making a sunset visit to the Taj Mahal - the monument of love in the town of Agra - with his wife, who is a singer and former model.

    The couple then went sight-seeing at the ancient city of Fatehpur Sikri near Agra on Sunday.

    Mr Sarkozy is also expected to visit Mumbai, India's financial and entertainment capital, before returning home on Tuesday.

    The visit is his first to a G20 state since France last month took the presidency of the group of developed and major developing economic powers.

    Mr Sarkozy has backed India's bid for a permanent seat at the UN Security Council, and supported India's membership of the Nuclear Suppliers Group, a gathering of countries that export civil nuclear technology.

    US President Barack Obama and British Prime Minister David Cameron have both visited India recently, as world powers look to the booming Asian giant for export opportunities.

    Chinese Premier Wen Jiabao and Russian President Dmitry Medvedev are the next world leaders scheduled to sweep into Delhi.


    http://www.bbc.co.uk/news/world-south-asia-11923836
     
  2.  
  3. SHASH2K2

    SHASH2K2 New Member

    Joined:
    May 10, 2010
    Messages:
    5,711
    Likes Received:
    723
    Location:
    Bihar, BanGalore , India
    Its not a trade coup . Its a deal given to french to compensate for MRCA not going their way. MRCA is going to Europe now.
     
  4. bhramos

    bhramos Elite Member Elite Member

    Joined:
    Mar 21, 2009
    Messages:
    13,207
    Likes Received:
    6,638
    Location:
    Telangana/India/Bharat
    Indo-French deal: The largest nuclear reactor?


    it says six nuke reactors.......
     
    Last edited by a moderator: May 10, 2015
  5. Yusuf

    Yusuf GUARDIAN Administrator

    Joined:
    Mar 24, 2009
    Messages:
    24,274
    Likes Received:
    11,287
    Location:
    BANGalore
    Its not a trade coup and no its not even because of anything to do with the MRCA deal. Indian nuke reactors are all a foregone conclusion with all major countries getting a slice of it. Even the sites have been decided and for which country long back. Only a formal signing is remaining. France is done now. Others will be done as well once some wrinkles are ironed out. So this ain't any coup. Just that the signing of the deal was kept for this visit to give sarkozy some thing to take back home answer show his people. Just like Obama did with 10 billion deals and 50.000 jobs for his country.
     
  6. Iamanidiot

    Iamanidiot Elite Member Elite Member

    Joined:
    Dec 21, 2009
    Messages:
    5,326
    Likes Received:
    1,493
    Is MMS is doing a fart by giving all these contracts this soon
     
  7. SHASH2K2

    SHASH2K2 New Member

    Joined:
    May 10, 2010
    Messages:
    5,711
    Likes Received:
    723
    Location:
    Bihar, BanGalore , India
    Yusufbhai Except France none in Europe is getting anything out of these nuclear deals. Given kind of aggressiveness and access to technology that they have promised I am sure MRCA is going their way. Europe is a major player after USA and we need to have something for them as well. Its other thing is that Typhoon is already a strong contender even without any political pressure .
     
  8. gogbot

    gogbot Regular Member

    Joined:
    Oct 2, 2009
    Messages:
    937
    Likes Received:
    116
    The British , Americans , French , Russians and Chinese.

    The Whole security council has come to India for economic and political deal making.
    And so far one by one they have declared their support for India having a seat as well.
     
  9. Yusuf

    Yusuf GUARDIAN Administrator

    Joined:
    Mar 24, 2009
    Messages:
    24,274
    Likes Received:
    11,287
    Location:
    BANGalore
    No Shash, all major countries have deals. US,UK, france, Russia, Japan, Canada in one form or the other. UK for example has turbine manufacturer who will jump in even if they are not making a full reactor. US has asked and india has given it the assurance that US interests will not be compromised because of Indian and US laws that may be an impediment for US companies getting business. That's why I said some wrinkles need to be ironed out. Baaki sub fix hai.
     
  10. LETHALFORCE

    LETHALFORCE Moderator Moderator

    Joined:
    Feb 16, 2009
    Messages:
    20,551
    Likes Received:
    6,556
    All these deals were decided long back when France supported India in the nuclear deal and in the NSG during Bush's tenure.
     

Share This Page