Monday, October 15, 2007

Going nuclear using 123 was a junk effort by India

Domestically, the 123 Agreement was meant to provide India with the means to produce clean energy in the form of nuclear power, a key constraint to economic growth. Efforts of the Congress party in India, which spearheads the UPA government and supported by the politically indomitable Left, to finalize the strategic agreement has gone to trash. The failure of the agreement means the power starved nation has to wait for alternatives or better deals to experience the flourish of electricity in homes.
The deal was in no way a win-win situation for the country, given the fact that India has the potential to produce nuclear energy on its own for civilian purposes, but the immediate benefits were very much palpable. The capability of India in this area has been acknowledged by many, and endorsed by the bigwigs of nuclear arena. The flop show means much more than a failure on the part of government. It means we have failed to recognize the imperative for a clean and efficient source of power, replacing the conventional resources that are going to elude us very soon.

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