New Delhi: The industry on Monday welcomed the new law that allows the U.S. to have nuclear trade with India, saying it ends the "apartheid" against the country and would open up new business opportunities in the critical sector.
"It is a big development for India and we welcome it. The law ends the nuclear apartheid against India," Confederation of Indian Industry (CII) president R. Seshasayee told PTI here.
The law was the recognition of India as a stable democracy, he added. By passing the law the U.S. had again expressed its confidence in India and proved that Washington viewed New Delhi as a strong ally, the CII said.
Federation of Indian Chambers of Commerce and Industry (FICCI) president Saroj Poddar also welcomed the move. "This will open [up] new business opportunities in the nuclear sector for companies from both countries," Mr. Poddar said. PTI