India Open for $80 Billion in Nuclear Business

India Open for $80 Billion in Nuclear Business
France and Russia Are Ready: Will the U.S. Get Any of India's $80 Billion Nuclear Business?
By ERIKA KINETZ AP Business Writer
MUMBAI, India September 26, 2008 (AP) The Associated Press

Indian nuclear energy officials say they would like to do business with GE and other U.S. firms. But if they can't, there's always France and Russia.


President Bush, right, greets Indian Prime Minister Manmohan Singh, left, during their meeting in the Oval Office at the White House, Thursday, Sept. 25, 2008 in Washington. (AP Photo/Pablo Martinez Monsivais)
(AP)
Even as a landmark U.S.-India nuclear accord hangs in limbo in the U.S. Congress, the global gates of nuclear trade with India are now open.

Whether or not U.S. companies get the go-ahead to sell nuclear fuel and technology to India, the country's nuclear officials are confident they will get their uranium.

"If a deal with Congress doesn't happen, we will have business with other countries. So simple," said SK Malhotra, a spokesman for India's Department of Atomic Energy. more