US, India see progress on nuclear cooperation

June 14, 2012 • Business

Secretary of State Hillary Rodham Clinton and Indian Foreign Minister S.M. Krishna take part in a joint news conference at the State Department in Washington, Wednesday, June 13, 2012. (AP Photo/Manuel Balce Ceneta)

WASHINGTON (AP) — Secretary of State Hillary Rodham Clinton welcomed progress in U.S. efforts to invest in India’s civilian nuclear power industry but said more action is needed to translate improving ties into economic benefits.

The two governments held their annual strategic dialogue in Washington on Wednesday, seeking to boost relations that have blossomed in recent years but have yet to meet U.S. hopes for greater market access for American companies.

“It’s not enough just to talk about cooperation on issues ranging from civil nuclear energy, attracting U.S. investment to India or defending human rights or promoting women’s empowerment,” Clinton said, alongside India’s foreign minister, S.M. Krishna.

“We have to follow through so that our people, citizens of two, great pluralistic democracies, can see and feel the benefits,” she said.

Krishna said India plans to invest $1 trillion in infrastructure development over the coming five years, offering enormous business opportunities for U.S. companies. He offered assurances to prospective investors that there will be “a level playing field and total transparency.”

Two years ago, President Barack Obama declared that the U.S.-India relationship would be a defining partnership of the 21st century. Security cooperation and defense sales have grown rapidly, and Washington looks to Login to read more

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