Business Council acclaims Senate passage of N-deal

Washington, Nov 17: US-India Business Council President Ron Somers has hailed the Senate approval of the Indian-US civilan nuclear deal, describing it ''in every regard a win-win situation for the commercial and strategic partnerships between the two nations''.

In a statement, Ms Somers said, ''It lays the foundation for major trade and investment opportunities in India for US companies.'' ''As many as 27,000 high quality jobs each year for the next ten years will be created in the US nuclear industry alone as a result of this agreement,'' he said.

He said, ''Sharing civilian nuclear technology will provide India's fast-growing economy with an environmentally sound energy resource to continue lifting millions of Indians out of poverty.

Moreover, the safety of India's nuclear facilities will be enhanced as this agreement enables the sharing of technology as well as international best practices.'' He urged the House of Representatives and the Senate to quickly resolve the differences in their respective bills without allowing any ''poison pill'' provisions that would derail this extraordinarily important initiative.

UNI

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