India, Namibia sign uranium supply deal

02 September 2009 | Die Mark
INDIA and Namibia Monday signed five agreements, including one on civil nuclear energy which allows for supply of uranium from the African country. This was decided at the start of President Hifikepunye Pohamba’s five-day visit to India – which is the first state visit by a foreign head of state in the second term of the United Progressive Alliance, which was re-elected to power in May 2009.

“Our relations with Namibia have strong historical roots, which predate Namibia’s independence. They are warm, cooperative and based on profound understanding of each others aspirations, Singh said in a statement after the meeting. After the discussions, both countries signed five agreements, including one on supply of Namibian uranium to India.

“Later, addressing captains of Indian Industry, Pohamba noted that uranium and diamonds were sectors ripe for Indian industry to enter the Namibian market. Among the agreements that we signed Monday is the cooperation between us on uranium. Nambia is the fifth largest producer of uranium in the world. After Nuclear Suppliers Group (NSG) allowed trade in nuclear technology and fuel with India, the South Asian country has been looking to ramp up its production of nuclear energy to meet its need for increasing electricity.

“But, with limited domestic uranium reserves, India has been looking abroad to get assured supplies. It has already signed an agreement with Kazakhstan. Australia has, however, so far refused to supply uranium to India, unless it signs the Nuclear Non-Proliferation Treaty. The Indo-Namibian agreement in peaceful uses of nuclear energy allows for supply of uranium and setting up of nuclear reactors.

“The Indian cabinet had last week also given the green light to the government to sign an umbrella agreement with Namibia in the lucrative area of mining. The Namibian president also invited Indian industrialists to try and redress the balance of trade which was heavily in favour of India. While exports from India stood at US$40 million for 2007-8, imports of Nambia were at nearly half at US$21million.

“We should, therefore, work hard to bring about more exports from Namibia to India,” he said. Pohamba asked for Indian businesses to look at Namibia for its diamonds, “which are the best in the world”.

“This year, my colleague, minister of mines said, why can’t we have some of the diamonds go to India, so that they can see the value of the Namibian diamond. I said go ahead. So that there are some packs of diamonds which came to India this year,” he said. India has been strongly advocating for the Africanisation of the diamond trade, where the countries get the benefit from the industry.



Destined to inspire

10 ure gelede | Mense

Ester KamatiSem Mandela Uutoni’s desire for community development manifests itself in his work and is what drove him to pursue a bachelor’s degree in regional...

Make education your New Year’s resolution in 2020

10 ure gelede | Mense

Albin JacobsWith the holiday season drawing to a close it is time to focus on the new year, 2020. Almost everyone makes some kind of...

Dankbare dorre aarde

10 ure gelede | In beeld

“Die Karasberge in die Karasburg-distrik het onlangs vir die eerste keer in vier jaar reën gekry,” sê NP Esterhuyse, wat dié pragfoto geneem het.

Groot kanonne hoor kiessaak

10 ure gelede | Howe

Denver Kisting – Alle oë is vandag op Namibië se hoogste hof, die hooggeregshof, waar die land se heel eerste onafhanklike presidensiële kandidaat dié hof...

Katrina hoor gou oor appèl

10 ure gelede | Howe

Denver Kisting – Die voormalige minister van onderwys, kuns en kultuur, me. Katrina Hanse-Himarwa, sal eersdaags hoor of haar aansoek om verlof tot appèl geslaag...

Fearless manager - Game of Phones

10 ure gelede | Mense

Michelline NawatisesLeandro van Wyk, call centre manager at MultiChoice Namibia, started his career in the banking industry in 2001 as a back-office ledgers clerk, after...

Connecting clients to the correct networks

10 ure gelede | Mense

Ester Kamati With internet connection, there is no stopping Macveren Kapukare, a telecommunication engineering graduate who is passionate about making a difference in the world...

Oudonderwyser sit steeds

10 ure gelede | Howe

Denver Kisting - Die 69-jarige man, wat sedert verlede naweek op Rehoboth in polisieaanhouding is weens beweerde verkragting, se formele aansoek om borgtog het nie...

Aandag alle bruidspare!

10 ure gelede | Gebeure

Republikein se Bruidspaar van die Jaar-kompetisie skop weer vandag af. Paartjies wat tussen 1 Maart 2019 en 29 Februarie 2020 getroud is, kan vir vanjaar...