MUMBAI, March 29 India and the United States
have agreed to terms on reprocessing spent nuclear fuel, a
statement from the Indian Foreign Ministry said on Monday,
perhaps bringing the two countries closer to a lucrative civil
The deal would give U.S. firms a share of a market worth
$150 billion, but it was delayed when the Indian government
this month shelved a bill to limit nuclear firms' liability in
the case of accidents.
"India and the United States have taken an important step
towards implementing the civil nuclear cooperation agreement by
completing negotiations on 'arrangements and procedures' for
reprocessing spent nuclear fuel", the statement said.
Negotiations between the two countries began last July, it
India has offered to tender construction of two nuclear
power plants, an opportunity worth about $10 billion, to
General Electric Co (GE.N) and Westinghouse Electric Co, a
subsidiary of Japan's Toshiba Corp (6502.T).
(Reporting by Rina Chandran; Editing by Nick Macfie)