'India, Canada to finalise nuclear agreement soon'

  • PTI, Toronto
  • |
  • Updated: May 27, 2009 09:57 IST

India and Canada will soon finalise the civilian nuclear cooperation agreement that will pave the way for new opportunities for both the countries, a senior Indian diplomat has said.

"Both the countries have already exchanged the draft agreement. An expert Canadian team was in Mumbai last week to workout, with the Atomic Energy Commission of India, final technical details and conditions under which business can be done," S M Gavai, Indian High Commissioner to Canada said.

Gavai, commending Canada's efforts to sign a nuclear pact with India, said: "We want to make sure that the proposed Canada-India nuclear agreement is equitable and non-discriminatory and both the countries work on the same wavelength."

"Canadian firms, including federally-owned Atomic Energy of Canada Ltd, Cameco Corp and SNC-Lavalin are eager to forge joint ventures or work with Indian firms to help build billion-dollar nuclear reactors and supply uranium," Gavai said.

He added that India is in favour of early implementation of Canada-India Foreign Investment Promotion and Protection Agreement and stressed on the need for facilitating greater engagement between small and medium enterprises of the two countries.


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