Is there a clause in the deal where we can scrap the deal if we feel the deal is not benefiting us 5 years from now. Forgive my naivety as I am not good at such issues.
RE:Question
by Bonaventure on Jul 14, 2008 08:56 PM Permalink
Of course, either party can unilaterally terminate the agreement giving one year notice of its intention to do so.
RE:Question
by ramanujan r on Jul 14, 2008 09:24 PM Permalink
Sorry boss, theres nothing of that sort. You would've invested so many millions into the infrastructure by then. If U decide to wihdraw U would have to return all the fissile material back and be left with no fuel to run your reactors. Would result in shutting down of even greater number of industries which are going to be directly or indirely linked to them. Industries and towns being supplied electricity from these plants would face a black-out if U have to return all the fuel required to run it. And e sure that every little ounce of uranium supplied by the NSG to us would be accounted. Plainly said, we wouldnt be able to afford a pull-out. And that subjects us to a state of dependency to the IAEA, US and its Hyde Act and the rest of the nuclear world in 'perpetuity'.
RE:Question
by Falcon on Jul 14, 2008 09:56 PM Permalink
So once we are into it there is no turning back and our dependency on the US will be absolute. Is there no way to develop our own resources over these years. I find absolute dependency frightening given the fragile world political scenario.
