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Thursday, March 2, 2006; Posted: 4:47 a.m. EST (09:47 GMT)
NEW DELHI, India (CNN) -- India and the United States say they have sealed a landmark civilian nuclear power pact.
"We have concluded an historic agreement today on nuclear power," U.S. President George W. Bush told a joint news conference he held with Indian Prime Minister Manmohan Singh in New Delhi on Thursday.
In the short span of seven years, the nuclear issue -- once the single largest irritant in Indo-U.S. relations -- is now the centerpiece of what both countries describe as a "strategic partnership."
It will allow the United States to provide expertise and fuel to India's burgeoning nuclear industry. In return, India would open up its civilian nuclear projects to inspection by international inspectors.
The deal requires approval from the U.S. Congress, where skeptical lawmakers have complained it could undermine the Nuclear Non-proliferation Treaty by allowing India to bypass it.
The pact comes as Bush tries to reduce his country's dependence on fossil fuels, and as India's booming economy seeks more power to fuel its growth.
The world's largest democracy is emerging as an economic powerhouse, with GDP growth in India forecast to grow at 8.1 percent in 2006 and its stock market trading at record highs.
Aware a growing India can buy even more goods and facing his lowest ever approval ratings at home, Bush is anxious to help.
But many Indian scientists and others in the nuclear establishment fear it will erode India's military ambitions.
Aware of their concerns, Singh has pleaded for their support.
"There has been no erosion of the integrity of our nuclear doctrine either in terms of current or future capabilities," he said earlier.
Despite the potential political fallout from the nuclear deal, there is a lot to gain for both sides from such a deal going ahead, one analyst said.
"The essence of this strategic partnership is to provide a countervailing influence to China ... to act as a restraint on the exercise of Chinese power," security analyst Brahma Chellaney told CNN.
China on Thursday was quick to respond.
Any pact "must meet the requirements and provisions of the nuclear nonproliferation regime and the obligations undertaken by all countries concerned," The Associated Press quoted Foreign Ministry spokesman Qin Gang as saying.
NEW DELHI, India (CNN) -- India and the United States say they have sealed a landmark civilian nuclear power pact.
"We have concluded an historic agreement today on nuclear power," U.S. President George W. Bush told a joint news conference he held with Indian Prime Minister Manmohan Singh in New Delhi on Thursday.
In the short span of seven years, the nuclear issue -- once the single largest irritant in Indo-U.S. relations -- is now the centerpiece of what both countries describe as a "strategic partnership."
It will allow the United States to provide expertise and fuel to India's burgeoning nuclear industry. In return, India would open up its civilian nuclear projects to inspection by international inspectors.
The deal requires approval from the U.S. Congress, where skeptical lawmakers have complained it could undermine the Nuclear Non-proliferation Treaty by allowing India to bypass it.
The pact comes as Bush tries to reduce his country's dependence on fossil fuels, and as India's booming economy seeks more power to fuel its growth.
The world's largest democracy is emerging as an economic powerhouse, with GDP growth in India forecast to grow at 8.1 percent in 2006 and its stock market trading at record highs.
Aware a growing India can buy even more goods and facing his lowest ever approval ratings at home, Bush is anxious to help.
But many Indian scientists and others in the nuclear establishment fear it will erode India's military ambitions.
Aware of their concerns, Singh has pleaded for their support.
"There has been no erosion of the integrity of our nuclear doctrine either in terms of current or future capabilities," he said earlier.
Despite the potential political fallout from the nuclear deal, there is a lot to gain for both sides from such a deal going ahead, one analyst said.
"The essence of this strategic partnership is to provide a countervailing influence to China ... to act as a restraint on the exercise of Chinese power," security analyst Brahma Chellaney told CNN.
China on Thursday was quick to respond.
Any pact "must meet the requirements and provisions of the nuclear nonproliferation regime and the obligations undertaken by all countries concerned," The Associated Press quoted Foreign Ministry spokesman Qin Gang as saying.