Prime Minister Anthony Albanese and Indian Prime Minister Narendra Modi are set to finalise a landmark uranium export agreement, ending over a decade of delays since their nations signed a nuclear cooperation pact in 2014.
The deal, announced in June, will enable significant Australian uranium exports to India, which is expanding its nuclear energy capacity to meet growing electricity demands and power data centres for artificial intelligence.
India's target of 100GW of nuclear power by 2047 requires substantial uranium supplies, and changes to Indian safeguards have now cleared the way for commercial exports.The agreement comes amid Australia's position as the world's largest uranium reserve holder, despite regulatory hurdles in key states.
While the deal boosts economic ties, concerns persist about India's nuclear non-proliferation status and human rights issues under Modi's leadership.
The visit includes a rally for the Indian-Australian community and discussions on defence cooperation, reflecting the strategic importance of the partnership.
Original title: Albanese and Modi to strike breakthrough uranium deal
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