India wins nuclear legitimacy - American companies gain access to India to sell reactors at hefty price
Harish Baliga
Dec. 9, 2006

It is a win-win situation. India wins nuclear legitimacy - American companies gain access to India to sell reactors at hefty price. Most of those outsourcing monies will finally return back to US.

According to the media reports the US Congress early on Saturday took a major step toward permitting the sale of American-made nuclear reactors and fuel to India by giving final approval to a White House-backed bill.

The Senate approved the measure unanimously following its passage late on Friday by the House of Representatives, 330-59. It now goes to President George W. Bush for his signature.

The Bush administration and its allies contend that civil nuclear commerce to expand electricity generation in India will foster a broad range of ties with the world's largest democracy -- a rising South Asian power -- and open up billions of dollars in trade for US companies.

Critics decried the bill as a historic mistake that would undermine US efforts to curb the spread of nuclear weapons.

India wins nuclear legitimacy - American companies gain access to India to sell reactors at hefty price
Harish Baliga
It is a win-win situation. India wins nuclear legitimacy - American companies gain access to India to sell reactors at hefty price. Most of those outsourcing monies will finally return back to US.
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Airbus to invest $1 Billion in India for aero-structure design, engineering, research and technology
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Aircraft maker Airbus Industrie, part of Europe's EADS group, said on Thursday that it would invest up to $1 billion in India in various areas, including aero-structure design, engineering, research and technology, over the next ten years.
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