PM Modi Aims to Seal Historic Australian Uranium Deal

Australia has a "historic" chance to supply the uranium that could power India's nuclear energy transformation, Prime Minister Narendra Modi said Thursday ahead of high-level talks. 

Faced with an almost-insatiable appetite for electricity in the world's most populous nation, Modi has outlined plans to substantially scale-up nuclear power generation in coming years. 

Australia



lays claim to around 28 percent of the world's uranium resource, but legal hurdles and political sensitivities have hindered exports to India.

"Australia's huge uranium reserves are directly connected to India's nuclear journey," Modi told a business forum in Melbourne ahead of a summit with his counterpart Anthony Albanese. "This is a historic opportunity for us to increase our cooperation in this area."