VERSIONS: روسيا اليوم NOTICIAS FREEVIDEO ИНОТВ RTД FIND US ON: YouTube Twitter
breakingnews
Go to main page   USA   News   Race is on for India nuclear market  
MORE ON THE STORY
The interior of a 1,000-megawatt nuclear power reactor for the Indian nuclear power plant in Kudankulam (AFP Photo / Sergey Kulikov) 19.11.2008, 11:36

India first to get third-generation nuclear power plant

A new era of Russo-Indian nuclear co-operation is about to start. The head of Russia’s state nuclear corporation Rosatom Sergey Kirienko is going to India on Wednesday on the eve of President Medvedev’s first visit to Delhi in early December, when a major

Russian President Dmitry Medvedev (C), Indian President Prathiba Patil (R) and Indian Prime Minister Manmohan Singh (AFP Photo / Raveendran) 05.12.2008, 19:37

Moscow and Delhi strike nuclear deal

An agreement for Russian supplies of $U.S. 700 million worth of nuclear fuel for Indian power plants has been sealed in New Delhi. The deal was struck during Russian President Dmitry Medvedev’s first-ever visit to India.

Nuclear fuel transportation 26.05.2008, 15:19

India takes first batch of Russian uranium

The first batch of Russian nuclear fuel has been delivered to India for the Kudankulam Nuclear Power Project. The construction of the plant, which is a joint venture between Russia and India, is nearing completion.

25.05.2010, 12:13 1 comment

The Wise Men inert to seeing changes in Russia – FM Spokesman

At a weekly media briefing, Russian Foreign Ministry Spokesman Andrey Nesterenko focused on Russia’s relations with Italy, Brazil, Poland, NATO and the EU, on Iranian nuclear program and a number of other issues.

07.06.2010, 18:19

Russia-EU co-operation acquires more mature features - FM spokesman

At the first weekly media briefing in June, Russian MFA Spokesman Andrey Nesterenko touched on various issues of international politics, including the results of the 25th Russia-EU and 8th Baltic Sea States Summits.

Soviet WWII poster 01.09.2009, 16:46 36 comments

USSR didn’t need Allies to win WWII – survey

Almost two thirds of Russians (63%) are confident the USSR could have won the Second World War without any help from the Allies, a nationwide survey has concluded.

Katyn massacre war memorial, Poland 23.09.2009, 13:54 24 comments

New labels for Katyn massacre hamper Russo-Polish relations

The Polish parliament has adopted, without a vote or debate, a resolution that blames Russia for genocide, an allegation Moscow denies. Russia says the move will strain already tense bilateral relations.

30.09.2010, 14:05 24 comments

US and EU should resist Russia – Kaczynski

Jaroslaw Kaczynski, the leader of a Polish opposition party, has called on Europe and the US to counter Moscow’s influence abroad.

RIA Novosti / Vladimir Rodionov 19.10.2010, 14:28 23 comments

Moscow accepts invitation to participate in NATO summit

President Dmitry Medvedev has said that he will attend the Russia-NATO summit due to be held in Lisbon, Portugal next month.

French "Mistral" helicopter carrier 18.12.2009, 10:11 21 comments

“Do not sell arms to Russia!” – US congresswoman

A US congresswoman is urging NATO and the European Union not to sell weapons to Russia.

Race is on for India nuclear market

Published: 20 February, 2009, 09:13

(13.7Mb) embed video

TAGS: Asia, EU, Russia, USA


Just months after the opening of India to civilian nuclear trade with the world, the country is already shopping. Russia, France and the US are the main rivals in getting billions of dollars worth contracts.

So what are the advantages of each of the sides?

For a long time, when it comes to nuclear energy, Russia has been the only game in town, but recently new players have emerged. Russia now faces competition from France and the United States for Indian business.

While France claims to have the latest technology, Russia is the only one to have already built reactors in India and has an old and close relationship with the Indians.

The US has also recently gained goodwill with India by helping to get the international community’s approval at the International Atomic Energy Agency (IAEA).

Some say it was done with business interests in mind.

“Many people wonder why President Bush signed this agreement with India. There was a lot of pressure on him from the economic lobby and from the commercial lobby,” explains security analyst Shankar Prasad.

But whether the goodwill gained will turn into an advantage, experts feel that when it comes to placing orders India will look out for its interests first.

“I would not say anyone has any more advantage than the other. Let’s be quite clear about it – Indians, especially the Indian government people are very hard negotiators,” says security and defence analyst Jasjit Singh.

Some experts feel that Russia is early in recognising India’s needs and is therefore ahead in the game. Recently it signed up to provide two more reactors at Kudankulam.

“India is not going to sign any contract with the US unless the reprocessing of spent fuel is guaranteed. The Russians have already allowed it in Kudankulam. The French are still dilly-dallying. They have not made up their mind,” says Dr Balachandran from the Institute for Defence Studies and Analysis (IDSA). “So the Russians have a definite advantage over both the French and the US in supplying reactors to India,” he believes.

Some point out that America’s lack of recent experience in building reactors, and baggage from past deals with India are issues they will have to address when negotiating with India.

According to India’s former foreign secretary Lalit Mansingh, there were instances when Americans showed themselves as unreliable suppliers.

“We have had the case of the Tarapur nuclear power station where we had a contract for the Americans to supply fuel and halfway through they broke the contract. The same thing has happened with defence supplies,” he said.

However, America’s experience of competing in a free market could be an advantage to them.

“America knows and understands markets well. America has been a major player in world markets. America probably understands the importance of the market probably better than any other country,” says IDSA senior research officer Rajiv Nayan.

There is speculation that India will place orders with a number of suppliers. But the hope of getting the lion’s share of India’s nuclear energy market in these economically hard times is what is keeping suppliers running to India.

+47 (51 votes)
 
Back to top
next MORE NEWS
AFP Photo / HO / National Archives 19.02.2009, 23:05 5 comments

Skull and Bones sued over Indian chief’s remains

A secret society at Yale University, known as the Skull and Bones, in the U.S. has been sued over the remains of an Apache Native American.

20.02.2009, 10:49 1 comment

Obama’s golden youth flock to White House

In the US receiving a good education should lead to great job opportunities, but not anymore. With the crisis in full swing, many US graduates have discovered that they now need to put their dreams on hold.