May 27, 2012
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UK to let firms into Indian civil nuclear market
29 July 2010 / REUTERS, BANGALORE
Britain will start granting licenses to its civil nuclear firms to export to India, British government sources said on Wednesday, opening up business prospects potentially worth billions of pounds.
Business Secretary Vince Cable, on a visit to India with a large British delegation, told reporters that cooperation in the civil nuclear industry was one area where he expected the two nations to make good progress. Government sources said this was a reference to a change in policy on export licenses for firms like Rolls-Royce and Serco. The move is aimed at boosting business and sending a positive signal to India on trade links.
The new policy will also allow existing joint British-Indian research into areas such as nuclear physics to be scaled up. Previously, British policy was not to let firms get involved in India’s civil nuclear market because it is a nuclear-armed state that is not a signatory to the Nuclear Non-Proliferation Treaty and that does not separate its military from its civilian nuclear industries.
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