http://www.atimes.com/atimes/South_Asia/JI11Df02.htmlIndia throws open a $100bn nuclear bazaar
The deal is all but done and dealers are already in. The anticipated US$100 billion worth of nuclear power infrastructure deals are buzzing across India Inc after India last week became the only country to be allowed to trade in nuclear material without signing the nuclear Non-Proliferation Treaty (NPT).
Last weekend, the Nuclear Suppliers' Group (NSG) gave India a waiver allowing it to engage in nuclear commerce without signing either the NPT or the Comprehensive Test Ban Treaty, paving the way for the US Congress to ratify a potentially lucrative civilian nuclear deal with New Delhi.
Nuclear power plant infrastructure companies from the US, Russia, France and Britain are expected to fight for chunks of India's fat nuclear business pie. Investments worth more than $20 billion could now be made in infrastructure related to nuclear power plants, as India moves towards its goal of generating 40,000 megawatts of nuclear power by 2020.
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US Congress ratification is considered a formality, despite the tight scheduling required before its session ends on September 28. Even so, questions by American legislators or public watchdogs on the full range of hidden Indian assurances and commitments to the George W Bush administration could be damaging politically to the government in Delhi.
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India will be sorry they played with the neo cons