EXPORT OF NUCLEAR MATERIAL FOR PEACEFUL USES June 03, 1998 Government of India has entered into a contract with a South Korean Power company for export of 100 metric tonnes of nuclear grade heavy water (valued at US doller 22.75 million) which is being shipped at present. Heavy water standards of various concentrations and valued at US dollar 35,800/- have also been exported to South Korea during the last two years. Some quantity of nuclear grde zircaloy material worth about US dollar 5.84 lakh was also exported to South Korea during the last two years. Apart from meeting the domestic requirement of various materials and components needed for the indigenous nuclear programme India offers expertise as well as some nuclear related material available in the country to other countries for peaceful uses. Thorium oxide ceramic buttons (500 pieces)valued at US dollar 15,0000 were exported through an India representative company to General Electric, USA in July 1997. Attempts are made to offer competitive prices in response to international enquiries to obtain export orders, when such opportunities arise and the domestikc demand-supply position so allows. This information was given by the Minister of State in the Ministry of External Affairs, Smt. Vasundhara Raje in a written reply in Lok Sabha today. KOREAN DELEGATION CALLS ON SIKANDER BAKHT October 30, 1999 A delegation from the Republic of Korea, led by Mr. Hong Geon Choe, Vice Minister of Commerce, Industry and Energy, called on Shri Sikander Bakht, Union Minister of Industry here today. Welcoming the delegation, Shri Bakht said that India has great appreciation for the dynamism of Korean entrepreneurs. He also said that the Indian government has taken a number of steps to facilitate foreign investment. The vibrant Indian market, the strong macro economic fundamentals and physical and human infrastructure have created a stable business environment in India, Shri Bakht added. Mr. Hong Geon Choe said that after passing through a phase of economic crisis, Korea is attempting restructuring in several sectors and positive results are expected from this exercise. Korean investment in India in 1997 was to the tune of US$ 1.6 billion and India is the 5th largest Foreign Direct Investment destination for Korea, the Vice-Minister added. The Korean team expressed concern about the anti-dumping duties being levied by India on some items imported from Korea. They also wanted speedier clearance of investment proposals. Korean Ambassador to India, Mr. Dae-Hwa Choi, was also present at the meeting. |