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September 23, 2008 02:58 IST
The US Chamber of Commerce has come out strongly behind the Indo-US civilian nuclear deal and has urged the US Congress to approve it before the close of the 110th Congress.
In a statement a couple of days ago, the business chamber said, 'The Indo-US civilian nuclear initiative will bring India into the international nuclear non-proliferation mainstream and enhance the safety of India's civil program. The initiative will also help to revitalize the US nuclear industry and create thousands of high-tech American jobs.'
It noted that Congress had affirmed India's worthiness as a partner in civilian nuclear trade in December 2006 when it passed the Henry J Hyde United States-India Peaceful Atomic Energy Cooperation Act by overwhelming bipartisan margins.
Since then, sensitive issues relating to non-proliferation have been carefully considered and unanimously resolved by the 35 governors of the IAEA and the 45-member nations of the Nuclear Suppliers Group, it added.
'With India's 34-year nuclear isolation now history, the opportunity for US companies today is tremendous, with an expected 30,000 to 60,000 MWe of new nuclear generating capacity by 2030, representing a potential $150 billion of new investment,' it said, adding, 'If US companies are allowed to compete, a modest share of that business could support 250,000 high-tech American jobs.'
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