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Business News/ Politics / News/  NSG waiver vindication of India’s stand on NPT
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NSG waiver vindication of India’s stand on NPT

NSG waiver vindication of India’s stand on NPT

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Berlin: Union Minister Kamal Nath on Tuesday hailed the historic nuclear waiver to India by the Nuclear Suppliers Group (NSG) as a “vindication" of the country’s “position on nuclear non-proliferation."

“The agreement by the NSG vindicated India’s position on the Nuclear Non-Proliferation Treaty (NPT) and recognises that India strictly adheres to non-proliferation even without signing the NPT," the Commerce and Industry Minister said here.

He made the remarks while delivering the key-note address at the opening of the fourth annual India Conference of the leading German economic daily in Berlin.

Nath also said the decision by the 45-nation nuclear cartel to lift restrictions on nuclear commerce for India, which were imposed after it carried out its first nuclear test in 1974, is crucial to meet energy requirements and to deal with the global need of developing clean and reliable energy sources.

India has shown to the world the best way towards nuclear non-proliferation, “which even some of the signatories to the NPT are not implementing," Nath said.

The two-day meeting was attended by a 90-member delegation of Indian industrialists, especially from small and medium enterprises (SMEs), as well as top-level managers and senior executives of a number of companies from all over Germany.

Nath also thanked Germany for supporting India’s position at the NSG which helped reach a consensus in favour of India.

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Published: 09 Sep 2008, 02:12 PM IST
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