Nuclear power push: India eyes uranium supply pact with Australia during PM Modi's visit
Nuclear power push: Prime Minister Narendra Modi’s visit to Australia this week may see a key uranium supply agreement being signed. It’s one of the key expected outcomes of PM Modi's visit to Australia this week, as India seeks to strengthen fuel supplies for its expanding nuclear power programme.
Australia, which has nearly one-third of the world's known uranium reserves, signed a framework agreement with India over a decade ago. According to people familiar with the matter, Modi's visit to Melbourne could pave the way for a commercial arrangement under which Australia would begin supplying uranium to India.
The two countries are also likely to finalise or advance agreements in several strategic areas, including critical minerals, cybersecurity, emerging technologies, clean energy and supply-chain resilience, following the annual summit between Modi and Australian Prime Minister Anthony Albanese in Melbourne, according to an ET report.
During the visit, Modi is also scheduled to attend the India-Australia CEOs Forum, where business leaders from both countries are expected to discuss investment opportunities in manufacturing, technology and clean energy.
Australia, which has nearly one-third of the world's known uranium reserves, signed a framework agreement with India over a decade ago. According to people familiar with the matter, Modi's visit to Melbourne could pave the way for a commercial arrangement under which Australia would begin supplying uranium to India.
The two countries are also likely to finalise or advance agreements in several strategic areas, including critical minerals, cybersecurity, emerging technologies, clean energy and supply-chain resilience, following the annual summit between Modi and Australian Prime Minister Anthony Albanese in Melbourne, according to an ET report.
During the visit, Modi is also scheduled to attend the India-Australia CEOs Forum, where business leaders from both countries are expected to discuss investment opportunities in manufacturing, technology and clean energy.
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