I thought of updating my previous post on nuclear deal. 2 years ago, I had wondered why USA signed this deal. After all the terms of the deal (atleast those revealed to the public) seems to be lopsided in benefiting India. Even the gains made by the rest of the world because of opening up of india as a nuclear market seems to benefit Austraila, Russia and France much more than anybody else.
When India came to the nuclear negotiation table, it had 3 priorities:
1. Nuclear Fuel: India has excess of Thorium, but most of its nuclear program is Uranium based. The shortage of nuclear fuel had reached critical stage when the deal was signed.
2. Electricity: India is already short of electricity and as per India Core every 1% rise in India GDP needs 3% rise in electricity consumption.
3. Technology: Without being disrespectful to Indian Scientists and Engineers, there is always a lot to be gained by exposure and access to technology from a distant land. Plus one cannot ignore india’s skills in reverse engineering.
Areva recently offered not to install turnkey nuclear reactors but is also offering to sell its stake in Uranium mines of Africa.
So basically india is getting all it wants .. and that too at competitive prices.
7 replies on “Nuclear Deal Payout”
out of context read this one
all in all the nuke deal benefits will take a decade to reach the end user here but my logic is vindicated , make a deal with us but use it to buy power from france russia etc – as it is us is the most unreliable partner
the war on terror has shown this abundantly
but the short term problems still abound
our sebs r bankrupt
cos dont get fair returns on investments
there is massive pilferage and states still give free power
how much additional power capacity addition is happening ?
mumbai is a glaring example to contrary and is the only indian city that
gives its citizens uninterrupted power and decent water supply
no wonder minions flock here
I was in powai for 2 months recently… and the power situation there was bad… long and frequent power cuts. My campus in lucknow has a much better record in electricity.
about nuclear deal… i agree its a long term strategy… and an important step in that…
Also the fact that the recent partners had either french or russian origins proves that India got much more flexibility in the deal that what the masses believed.
thats why i say mumbai is declining
powai was jungle two decades ago and should have been left as it was
it was supposed to be for making small flats for poor and lmcs
hiranandani and others pulled off a coup by bunching two or more flats
to tell u the truth
masses believe what the political bosses tell them
reminds me of a famous quote though.
i am curious what the quote is
read Görings quotation on war on his wiki
Naturally, the common people don’t want war; neither in Russia nor in England nor in America, nor for that matter in Germany. That is understood. But, after all, it is the leaders of the country who determine the policy and it is always a simple matter to drag the people along, whether it is a democracy or a fascist dictatorship or a Parliament or a Communist dictatorship. …voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is to tell them they are being attacked, and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same way in any country.
The well-known quotation, and its variations,
Whenever I hear the word culture, I reach for my Brownin