India, Australia seal nuclear deal, focus on security ties

In a defining step that has decisively transformed India-Australian ties, the two countries have signed a landmark nuclear deal that clears the decks for the import of Australian uranium to the energy-deficient Asian economy and bring them in a closer strategic embrace.
The long-awaited nuclear deal was signed in the presence of India’s Prime Minister Narendra Modi and his Australian counterpart Tony Abbott, the first foreign leader hosted by the 100-day old new government in New Delhi on a standalone bilateral visit. A beaming Modi hailed the agreement as “a historic milestone” and can count it as a diplomatic gift as India gears up to scale up the share of atomic electricity in its overall energy mix.

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Australian PM serenades India, nuclear deal on the way

In a milestone in their transforming ties, India and Australia are poised to sign a civil nuclear deal that will enable the import of Australian uranium to the energy deficient Asian economy. Australia’s Prime Minister Tony Abbott began his two-day trip from Mumbai, India’s commercial capital, and serenaded India’s growing global stature and its importance to Australia’s future. “The purpose of this trip, as far as I’m concerned, is to acknowledge the importance of India in the wider world, acknowledge the importance of India to Australia’s future,” said Abbot in a meeting with business leaders in Mumbai on September 4. “There is an abundance of opportunities here in India. I am determined to make the most of them,” he said on an upbeat note.

Abbott will make a pitch for enhanced trade and commercial partnership between Canberra and New Delhi. Currently, the trade volume between the two countries hovers around $15 billion which, experts say, is below potential. India also invests around $11 billion in Australia.

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