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India satisfied with progress on N-deal with France

Washington: India has told France that it is satisfied with the progress on the implementation of the bilateral civilian nuclear deal and the issue of government guarantee for it is under consideration.

In a meeting with his French counterpart Francois Baroin on the sidelines of the annual meeting of the IMF and World Bank here, Finance Minister Pranab Mukherjee is believed to have said that India is satisfied with the progress on the implementation of the bilateral civil nuclear cooperation agreement.

In December 2010 during the visit of French President Nicolas Sarkozy to New Delhi, the two sides signed the India- France Cooperation Agreement on the Development of Peaceful Uses of Nuclear Energy and the Agreements on the protection of Confidentiality of Technical data and information relating to cooperation in the peaceful uses of nuclear energy.

Referring to the MoU between Nuclear Power Corporation of India Ltd and French firm AREVA for construction of nuclear power reactors for civilian use, as a milestone, Mukherjee said the negotiations for the commercial agreement are nearly complete.

The issue of government guarantee for this proposal is under consideration of the Finance Ministry, he said.

The two leaders are also believed to have discussed issues related to cooperation in the defense sector and terrorism.

The two countries need to deepen their contacts through exchange of information, expertise, and best practices in the area of counter terrorism, Mukhrejee is believed to have said.

He also said that India and France need to intensify efforts at the UN and in world capitals to bring about early adoption of the long overdue Comprehensive Convention on International Terrorism.

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