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The US Commerce Secretary Carlos M. Gutierrez has announced that US will send a trade team in India to seek a share in the projected $150 billion nuclear business. The Commerce Secretary was attending a day-long “Green India” Summit jointly organized by US-India Business Council (USIBC) and the Confederation of Indian Industry (CII) in Washington. According to Gutierrez, US companies are eager to contribute to India’s developing nuclear power sector.
Around $150 billion business has been projected over the next 30 years because of the India-US civil nuclear deal. The US also reassured India of reliable fuel supply for its civilian reactors. It will help India to meet energy demands and reduce dependence on fossil fuels. Gutierrez thanked USIBC for its strong support for the landmark US-India nuclear cooperation bill. He also believed that India has the potential to become world's largest market of clean energy.
