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Indian Prime Minister Narendra Modi has secured a long-awaited uranium supply agreement with Australia, marking a significant step toward India's nuclear energy expansion.
The pact, announced during Modi's visit to Australia, aims to supply uranium for peaceful purposes, aligning with India's goal to increase non-fossil fuel energy capacity.Australia, which holds 28% of global uranium reserves, had faced legal and political hurdles in exporting to India.The agreement, facilitated by a 2015 nuclear cooperation deal, now allows for long-term uranium exports under IAEA safeguards.
Modi emphasized the deal's role in providing 'fresh momentum' to India's clean energy objectives, while Australian Prime Minister Anthony Albanese praised the collaboration.The agreement also underscores growing Indo-Australian ties, bolstered by Australia's large Indian diaspora.However, the visit has sparked debates over Modi's leadership and potential impacts on regional relations.
The deal is expected to enhance India's energy security and reduce reliance on fossil fuels, though challenges remain in scaling nuclear power production.