Indo-US Nuke Deal - Pros & Cons

In one of the previous articles we had gone through the fundas of the 123 agrrement between Us & India ..today lets look into few of the known pros and cons of the deal !!!!

For almost 30 years the U.S. has been at the fore of a global fight to denyIndia access to Nuclear power technology, because it developed nuclearweapons and tested them. (Cruel Hypocrisy really, considering that the U.S. were among the earliest nations to develop nuclear weapons and test them)Now after nearly three decades India have been offered a golden opportunity to emerge out of their nuclear seclusion and be at par withthe top nations of the world in terms of nuclear energy output.



At present nuclear power production in India accounts for only a measly 3%of the total generation of 120,000 MW. Large scale nuclear power production would also mean less dependence on traditional sources of non-renewable fuelsuch as coal, oil and petroleum. Abundant nuclear power production would obviously lead to a fall in fuel and electricity prices. It especiallyholds relevance as a promising new alternative in the face of price rise andfall in oil output.The fruits of total privatisation are seen in the telecom sector. Gone arethe days when a cell phone was an item of luxury beyond the reach of thecommon man.The nuclear deal could mean a similar privatisation in the energy.



According to a report in Bloomberg, multinationals such as Westinghouse, Rosatom, GE andAreva have expressed a keen interest in operating a nuclear power plant inIndia, should the government encourage private investment. Indian companiessuch as Tata power and Reliance Energy are more than eagerly open to such aproposition.

*But how does the U.S benefit from the deal?*
A valid question. The U.S. would be supplying India with both nucleartechnology and reactors,should the deal progress beyond endless chatter andtalks. The U.S.A. is projected to mint over $150 billion of the deal.That precisely is what the Left is worried about. The deal would mean thatIndia is completely dependent on the U.S. for supply of technology andreactors. This places India in a vulnerable position, open to being exploitedfor the U.S. would be able to dictate the price, terms and conditions as they please.

*Verdict*The pros outweigh the cons and hence India should go with the deal. They must however not haggle so much and must make a quick decision. In any casethe deal will not bring change or improve the lives of the people whoconstitute the real India-India lives in small towns and villages, notmetropolitan cities or big towns, and I'm afraid that the deal is going tobenefit only the latter.

What is your take on the nuke deal? Is it a boon or a bane?

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