UK ready for nuclear trade with India: British delegates

New Delhi, Sep 8 (UNI) Congratulating India on getting NSG waiver ending the country's 34 year-old isolation in the global nuclear market, a British business delgation today said the United Kingdom Office of Nuclear Development Programme is being set up to ensure effective nuclear supply chain.

During interaction with Minister of State for Industry Ashwani Kumar here, the UK delegation said the British industries will like to collaborate with Indian industries in nuclear trade.

The delegation was led by Mr Andrew Cahn, Chief Executive, UK Trade&Investment, Mr Richard Lambert, Director General of Confederation of British Industries and Mr Karan Billimoria, President, UK-India Business Council, Commerce and Industry Ministry said in a statement.

The British delegation expressed the hope that the process of economic reforms will be speeded up further in India.

Dr Ashwani Kumar assured the British delegates that India is looking to enlarge and diversify scope of business collaborations with medium and high technology British companies across a wide spectrum of industries. He also assured of India's commitment to reforms, especially in the banking and insurance sectors, besides encouraging cooperation in infrastructure and defence sectors.

He reiterated India's commitment to a just and transparent multilateral trading regime. The Minister said India is in favour of continuing the Doha round of global trade negotiations but added India can not be expected to carry a disproportionate burden for the difficulties in negotiations.

The ministerial global trade talks at the World Trade Organisation in Geneva collapsed in July when developed countries did not yield ground on safeguard mechanism to protect poor farmers in developing countries against surge in cheap imports of agriculture commodities.

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