India, Russia sign nuclear cooperation agreement

India, Russia sign nuclear cooperation agreement
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First Published: Fri, Dec 05 2008. 11 48 PM IST

Joint efforts: Russian President Dmitry Medvedev (left) and Indian Prime Minister Manmohan Singh in New Delhi on Friday. AP
Joint efforts: Russian President Dmitry Medvedev (left) and Indian Prime Minister Manmohan Singh in New Delhi on Friday. AP
Updated: Fri, Dec 05 2008. 11 48 PM IST
New Delhi: Russia and India signed a civilian nuclear cooperation agreement under which additional reactors will be built in the South Asian nation.
India’s Prime Minister Manmohan Singh hailed the agreement as a “milestone,” at a briefing in New Delhi on Friday along with Russian President Dmitry Medvedev.
Joint efforts: Russian President Dmitry Medvedev (left) and Indian Prime Minister Manmohan Singh in New Delhi on Friday. AP
Russia will build additional atomic reactors in Kudankulam in Tamil Nadu apart from a new nuclear power station, said Sergei Kiriyenko, head of state nuclear company Rosatom Corp.
Separately, OAO Tvel, the Russian nuclear-fuel monopoly, agreed to deliver nuclear fuel worth $700 million (Rs3,480 crore) to other Indian power stations, Kiriyenko said.
Russia and India are looking to boost trade to $10 billion by 2010, to help restore a relationship that has cooled since the Soviet Union collapsed. The two countries also signed accords on the sale of 80 helicopters to India and cooperation in areas including space exploration, financial markets and tourism.
Anatoly Perminov, head of the Russian Space Agency, said India may get its own spacecraft after 2015. Russia will offer its help under a contract system and the two countries will decide on details of space cooperation in six months, he said.
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First Published: Fri, Dec 05 2008. 11 48 PM IST