India, Australia Sign Uranium Pact; Expand Energy And Supply Chain Links

India and Australia on Thursday finalised the administrative arrangements necessary to enable the export of Australian uranium to India for exclusively peaceful purposes during Prime Minister Narendra Modi’s visit. The pact was signed under 2015 Australia-India Nuclear Cooperation Agreement. Australian Prime Minister Anthony Albanese made an announcement in this regard after bilateral talks with PM Modi as part of the third India-Australia Annual Summit Joint.“Today, we can confirm the signing of the arrangement to enable uranium exports to India for peaceful purposes under 2015 Australia- India Nuclear Cooperation Agreement,” Albanese said. India will now get uranium for cheap, reliable and clean electricity.While issuing a joint statement,

PM Modi spoke about the nuclear agreement with Australia, saying it will enable uranium supplies to India and bolster the country's clean energy ambitions.“In the nuclear energy sector, we have signed an important agreement today. This will pave the way for uranium supply from Australia to India, and this will give new strengthen to our aim for clean energy. Our cooperation in the area of critical minerals is important for our strategic security and clean energy transition. We will also work on a critical minerals corridor,” he said.