India, Kazakhstan sign five key pacts including deal on uranium supply
India and Kazakhstan have signed five agreements in various sectors focusing on strategic, economic and trade cooperation between both nations.
The agreements were signed in Astana after delegation level talks between Prime Minister Narendra Modi and his counterpart Kazakh President Nur Sultan Nazar.
Signed agreements are
- Agreement on Defence and Military: Both nations will form joint working group (JWG) on counter terrorism, defence training, exercise and production of defence equipment.
- MoU on Cooperation on Physical Cultural and Sports: It was signed between India’s Ministry of Youth Affairs and Sports and Kazakhstan’s Ministry of Culture and Sports.
- MoU on Technical Cooperation in the field of Railways: It was signed between India’s Ministry of Railways and Kazakhstan Temir Zholy.
- Agreement on Transfer of Sentenced Persons: It will facilitate swapping to prisoners from both countries to serve their remaining sentence in home country.
- Agreement on supply of Uranium to India: Kazakhstan the world’s largest producer of uranium will supply a total of 5,000 tonnes of the natural uranium to India during the 2015-19. Thus it will play important role in India’s energy requirement and energy security.
Apart from signing these agreements, India has also shown interest in
- Fertilizer sector in Kazakhstan due to abundance availability of Natural Gas.
- Hydro carbon sectors of Kazakhstan for drilling and production of crude oil.
Month: Current Affairs - July, 2015