Wednesday, October 23rd, 2013
Being a nation with both a growing economy and a growing population, India is ramping up its nuclear energy power to meet the increasing energy demands. In order to do this, it has already signed agreements with nuclear giants such as the USA, France, Russia, Canada, Namibia, Mongolia, Kazakhstan and now finally with South Korea. South Korea is the ninth country to sign a nuclear deal with India.
In July of 2001, during the visit of Indian president Prathibha Patil to South Korea, the two countries signed a nuclear energy pact. As a result, South Korean companies are now allowed to venture into the Indian market directly. Rajiv Biswas, from HIS Global Insight, has claimed that South Korea has done an immensely good job in creating nuclear energy infrastructure during the last few decades, and thus it can be expected that its nuclear pact with India will definitely help India to strengthen its own nuclear infrastructure.