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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: India promises to open nuclear sector to private players AFP - 58 minutes ago NEW DELHI (AFP) - - India's government has pledged to open up its nuclear sector to private players -- once it completes bilateral civil nuclear cooperation pacts. The statement late Friday came after Indian Premier Manmohan Singh signed a landmark nuclear deal with Russian President Dmitry Medvedev earlier in the day covering the building of four new nuclear energy reactors in India. "Once negotiations with Russia and possibly Canada in nuclear commerce talks are done with, the government will soon open up the sector for private players to participate," Science and Technology Minister Kapil Sibal said. He was speaking in New Delhi at a government-organised technology summit. The four new nuclear energy reactors will be built in Kudankulam in southern Tamil Nadu state, where Moscow is already building two 1,000-megawatt light water reactors. The value of the new deal, signed in New Delhi, was not given. The nuclear deal with Russia was the third such agreement India has signed after a decision in September by the Nuclear Suppliers Group to waive its ban on the trading of atomic technology with New Delhi. The United States and France are the other powers to have signed agreements with New Delhi but former Cold War ally Russia remains so far the only state actively involved in building reactors in the energy-hungry country. A host of private companies such as Westinghouse Electric Co and General Electric of the United States have been jockeying for a slice of India's lucrative civilian nuclear technology market. The end to India's nuclear pariah status has paved the way for atomic fuel and technology sales worth tens of billions of dollars and companies are racing to exploit the market, industry officials say. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy India promises to open nuclear sector to private playersAFP - 58 minutes ago Indonesia secures five billion dollar emergency loanAFP - 2 hours 8 minutes ago Australia's ANZ bank to cut 800 jobs before Christmas: reportsAFP - 2 hours 14 minutes ago Mongolia miners eyes Hong Kong listing -reportReuters - Saturday, December 6 Related Articles: Business India cbank cuts key rates by 100bps to boost growthReuters - 12 minutes ago Yuan moves not affecting farm trade - USDA chiefReuters - 52 minutes ago Pakistani c.bank sells 24.9 bln rupees of T-billsReuters - 55 minutes ago India promises to open nuclear sector to private playersAFP - 58 minutes ago Chairman: Tribune to sell Cubs by spring trainingAP - 1 hour 1 minute ago Enlarge Photo India promises to open nuclear sector to private players Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Diamond thieves pull off 100-million-dollar Paris heist Do not disturb eggs: MP reveals Britain's oddest laws Cruise ship runs aground in Antarctica Amid depression fears, Congress sets up votes on auto bailout Oil price falls below $40 View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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