Obama, Modi welcome preparatory work for India reactor project


  • World
  • Wednesday, 08 Jun 2016

U.S. President Barack Obama (R) extends a hand to shake with India's Prime Minister Narendra Modi after their remarks to reporters following a meeting in the Oval Office at the White House in Washington, U.S. June 7, 2016. REUTERS/Jonathan Ernst

WASHINGTON (Reuters) - U.S. President Barack Obama and Indian Prime Minister Narendra Modi on Tuesday welcomed the start of preparatory work for six nuclear reactors in India, a key step in closing the first deal stemming from a U.S.-India civil nuclear accord struck more than a decade ago.

A joint U.S.-India statement said India and the U.S. Export-Import Bank were working to complete a financing package for the project, and that the Nuclear Power Corporation of India and Toshiba Corp's Westinghouse Electric had confirmed engineering and site design work would begin immediately.

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