Bangalore, Nov 15 (ANI): External Affairs Minister S M Krishna on Tuesday welcomed the Australian Government's decision to review its policy on uranium sales to India.
"We understand that Prime Minister Gillard proposes to seek a change in Australian Labour Party's policy on the sale of uranium to India, in recognition of our growing energy needs, our impeccable non-proliferation record and the strategic partnership between our two countries. We welcome this initiative," Krishna said in a statement.
"We attach importance to our relations with Australia which are growing across the board. Energy is one of the key areas of bilateral cooperation," he added
Gillard had earlier pointed out that as India rises and brings hundreds of millions of people out of poverty 'it will need more energy', and cited economic benefits as one of three reasons for lifting the ban on uranium sales.
"India is our fourth biggest export markets, a market worth nearly 16 billion dollars to Australia, with enormous potential to grow as India becomes wealthier," Gillard said.
She said lifting the ban was another step to improve Australia's relationship with India.
"India as a rising giant will be part of that strong economic growth. Put simply, our best possible partnership with India is also good for Australian jobs," Gillard said. (ANI)
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