A deal for N- Plant in India can be announced by US by the end of 2017

According to reports, US can soon announce N- Plant in India by the end of 2017. With the US and India making progress over the commercial and financing aspects of their civil nuclear agreement, the Obama administration is hopeful that the deal would be announced by the end of this year.

According to reports, Assistant Secretary of State for South and Central Asia Nisha Desai Biswal has said, “What remains is the actual commercial deal to be negotiated. That I think is moving forward.”

As per reports, Biswal said that the leaders of both the countries, when last met said that they are hopeful to seal the deal in summer 2017. The first and foremost is for the commercial partners for Westinghouse to be able to achieve the package, which is satisfactory to both of them and to the Indian government.

She further added, “We are making progress on both of those fronts and hopefully would be able to get to that finish line later this year.”

Notably, she also mentioned about the civil- nuclear agreements negotiated Bush administration was among one the major moments as it has set both of the countries on a path that India and US are so far along today. But she also said that agreement left a number of important issues unsolved, including the issues of nuclear liability.