LYNNE Yelich, Minister of State (Foreign Affairs and Consular), visited the Canadian pavilion at the India Nuclear Energy Summit 2013 on Thursday. A number of Canadian nuclear organizations participated in the summit, looking for opportunities to collaborate with Indian partners.
The Government of Canada says it is committed to promoting greater trade and investment with India in many industries, including nuclear energy, which will help generate new jobs and growth in Canada, and strengthen international nuclear safety and security. For Canada, the Nuclear Cooperation Agreement with India is the gold standard for positive nuclear relations.
The agreement, which entered into force on September 20, 2013, marks the two countries’ shared commitment to expanding cooperation in the nuclear sector in a safe and secure manner, under International Atomic Energy Agency safeguards.
India is currently the fourth-largest energy consumer in the world and is expected to more than triple its electricity supply within the next 25 years. Canada has a full array of nuclear technology, equipment and services to offer the growing nuclear energy market.
As the world’s second-largest uranium-producing country, Canada has a nuclear industry that generates well over $5 billion in electricity annually, accounts for approximately $1 billion a year in uranium exports and directly employs more than 30,000 Canadians.