"India does not have the capital, the intellectual capital or the political will to commence nucler power on a massive scale."
Are you serious?
On December 4 last year, the Labor Party of Prime Minister Julia Gillard decided to end the ban on uranium sales to India.
Officials say India and Australia are negotiating a bilateral safeguards treaty. Ms. Gillard has made it clear that Australia will apply the same standards to India as it does to all countries to which it exports uranium. These are strict adherence to the IAEA's arrangements, strong bilateral undertakings and measures to ensure that the uranium will be used only for peaceful purposes.
Interestingly, India and Australia are also negotiating a Free Trade Agreement, which is expected to boost trade and services. India has refused to sign the NPT, arguing that the treaty is discriminatory, allowing a handful of countries to retain nuclear weapons.
"Officials say that lifting of the curbs will help to bring in big investments in the uranium sector, as India is seen as a major power attaching importance to nuclear energy. India proposes to generate 20000 MW of nuclear energy by 2022, so it needs uranium imports."
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