Nuclear deal a vote of confidence in India: CII | india | Hindustan Times
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Nuclear deal a vote of confidence in India: CII

The adoption of Bill reflects global confidence in India as a responsible, free-market, stable democracy.

india Updated: Dec 09, 2006 20:55 IST

Top Indian business bodies have hailed the "historic and momentous" India-US civil nuclear cooperation legislation and said the nuclear deal reflected global confidence in India.

"This is a vote of confidence in India," said R Seshasayee, president of the Confederation of Indian Industry (CII), in a statement while referring to the India-US civil nuclear cooperation bill that was passed by both chambers of the US Congress on Saturday morning.

The adoption of the nuclear bill in the US Congress reflects global confidence in India as a responsible, free-market, stable democracy, he said.

"India will now be able to procure dual-use technology for areas such as health care, biotechnology and weather forecasting and this will open newer opportunities for the US and other nuclear technology leaders," said Saroj K Poddar, president of the Federation of Indian Chambers of Commerce and Industry (FICCI).

Describing the passage of the draft legislation in the US Congress as "momentous and historic", Poddar underlined that the lifting of the three-decade-old nuclear blockade will end India's nuclear isolation and enable it to source nuclear fuel and technology to beef up the country's energy programme and growth.