India-US historic moment

Modi-Obam
The second visit of the US president Obama is a significant event in the annals of India-US relationship. The world’s greatest democracy is associating with the world’s largest democracy to carve the way for a brighter future for both.

In a glow of bonhomie, U.S. President Barack Obama and Indian Prime Minister Narendra Modi unveiled plans to unlock billions of dollars in nuclear trade and to deepen defence ties, steps they hope will establish an enduring strategic partnership.

The two countries reached an understanding on two issues that, despite a groundbreaking 2006 agreement, had stopped U.S. companies from setting up reactors in India and had become one of the major irritants in bilateral relations.

“We are committed to moving towards full implementation,” Obama told a joint news conference with Modi. “This is an important step that shows how we can work together to elevate our relationship.”

The new deal resolved differences over the liability of suppliers to India in the event of a nuclear accident and U.S. demands on tracking the whereabouts of material supplied to the country, U.S. ambassador to India Richard Verma told reporters.

“Ultimately it’s up to the companies to go forward, but the two governments came to an understanding,” he added.

Excerpts from Reuters

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