Indo-US nuclear deal:

India's N-energy trade will touch $100 bn: the US

This is a scintillating news for the companies who will be beneficiery of this deal:

Keep watch on Premier Explosives, Rolta Ltd, ASM Technologies Ltd, Astra Micro, BHEL, BEL, HCC, L & T, Siemens Ltd, Reliance Industrial Infrastructure Ltd and Reliance Infrastructure Ltd, etc.

Hyderabad: The nuclear energy business in India would be in the order of $100 billion (about Rs 4,00,000 crore) in about ten years after nuclear deal comes through, the United States Assistant Commerce Secretary David Bohigian said on Tuesday.

The Nuclear Suppliers Group's waiver for India was a positive move that would foster clean energy business in both the countries, he said.

Bohigian, who is leading the US clean energy trade mission to India to explore the business opportunities, was interacting with the media here.

Though a business plan for the post-deal period is not made yet, he said there were immense opportunities waiting to be tapped.

“India will witness nuclear renaissance once the deal is through,” he said.

Some companies dealing in clean energy have been making enquiries with the Commerce Department about the possible trade opportunities and the scope of nuclear business, the visiting dignitary said.

Asked why US did not set up new nuclear reactors in the past two decades, he said it was working on the second generation reactors which are more economical and reliable.