welcome to the rest of the world :)

by pravalika nanda Fri Nov 11, 2016 10:05 am

hello, boys and girls, welcome to the rest of the world:

http://www.nytimes.com/2016/11/12/business/international/japan-india-nuclear-deal.html?_r=0

Mr. Abe said Japan had reserved the right to stop nuclear exports if India conducted another nuclear weapons test. “There is a legal framework to ensure India’s responsible and peaceful use of technology,” he said.
Japanese leaders say they are looking to support more than just the nuclear industry. National economic growth may be at stake. As Japan has become less competitive in sectors like consumer electronics, big industrial projects are being counted on to fill the gap.
In addition to the nuclear accord signed on Friday, Mr. Abe and Mr. Modi agreed to explore plans to build additional high-speed rail lines in India based on Japan’s Shinkansen bullet-train technology. Construction on a previously agreed line from Mumbai to Ahmedabad will begin in 2023, the leaders said. Japan will help finance the project with low-interest loans.

by pravalika nanda Fri Nov 11, 2016 10:06 am

The bet on India is no sure thing. Nuclear plants can take decades to plan and build, and proposals to develop them are vulnerable to political and economic shifts. The Indian government must find new locations for some proposed plants because of local protests. And even for countries that have already signed nuclear trade agreements with India, little actual business has materialized so far, in part because of an Indian law that opens hardware vendors to potentially unlimited liability claims in the case of accidents.
India has been working with the United States and other countries to create a framework for minimizing vendors’ liability risk, including the creation of a domestic accident compensation fund. Officials hope to complete it next year.
If that hurdle can be overcome, the first Japanese company to benefit from the agreement with India will most likely be Toshiba

welcome to the rest of the world :)

welcome to the rest of the world :)

Re: welcome to the rest of the world :)