November 16, 2009 7:25 PM

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Canada hopes to ink agreement for nuclear cooperation with India

Canada has expressed the hope that a nuclear co-operation agreement with India would be inked soon which would facilitate the development of nuclear power for civilian use. Canadian Prime Minister, Stephen Harper, said at a meeting with prominent Indian businessmen in Mumbai today that the proposed agreement envisage allowing Canadian companies to sell nuclear technology to India. <br/> India and Canada earlier this year signed a memorandum of understanding that would allow Canada to play a role in India's planned building of 25-30 nuclear reactors.<br/>The Canadian Premier said that both India and Canada had immense trade potential and there was a need to seize this opportunity. He said the two countries' combined GDP is on its way to 4-trillion dolars, yet two-way trade and investment amounts to just 5 billion dollars. Mr.Harpar said, Canada is keen to share its expertise and invest in areas like science and technology, medical research projects, renewable energy and nuclear energy. He also said similarly, Canada expects investments from India in sectors like energy and infrastructure, among others.<br/><br/>

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