The India-US nuclear agreement cleared two major hurdles on 25 January, as announced by Prime Minister Narendra Modi and US President Barack Obama, and everything looks like it’s ready to go. This means US companies can now provide reactor designs and equipment for building nuclear power plants in India and transfer technology to local firms, apart from a shot at 50% of the project work. The benefits for India are clear—lower dependence on coal and reduced vulnerability from imports. For consumers, electricity will be cheaper because nuclear power in India currently costs Rs.2.71 per unit compared to Rs.3.3 from the cheapest coal-fired power using subsidized fuel.
Decoding the nuclear deal for Indian business
Amit Bhandari, Author, Energy and Environment Fellow, Gateway House has written an article on the nuclear deal agreement between Obama and Modi which cleared two hurdles during Obama's three day visit to India for Indian Republic Day. This article was published by Livemint