09 February, 2010 21:13 IST
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US eyeing private investment in nuclear sector
Source: IRIS (03-OCT-08)
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Acclaiming the Congress approval to the Indo-US nuclear agreement as a major victory for the Bush Administration, the White House has said that it is looking up to the private sector in both the countries to take lead in implementing the landmark pact.

Once the formalities of signing the legislation and signing the 123 Agreement are completed, the Unites States and India will be able to engage in full civil nuclear cooperation as trade envisioned in July 2005, when the agreement was announced.

Deputy White House spokesman Tony Fratto said that the agreement embodies the trust and closeness that our two countries have developed over the past decade. Highlighting the investment opportunities in India`s civil nuclear sector, Fratto said that the United States encouraged private sector in both the countries to take advantage of the opportunities.

The senior White House official said that the Bush administration is very excited about the agreement and hoped for stronger ties with India along with civil nuclear cooperation.

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