The company is excited over the pact, which it says marks the 'start of a new relationship' between the two countries.
The Appropriate Arrangement will allow Canadian companies to export nuclear material, equipment and technology for peaceful uses to India, in accordance with Canada's nuclear non-proliferation policy and under safeguards applied by the International Atomic Energy Agency.
Membership of Nuclear Suppliers Group ensures continued availability of fuel sufficient to operate India's nuclear plants.
The size of bilateral trade is only $6 billion a year.
'The India-Canada relationship has suffered benign neglect. Its full potential has not yet been realised,' says Rup Narayan Das.
Modi has made nuclear power a key element of his clean energy strategy
'Notwithstanding the physical distance, the two countries historically had a convergence of approach and outlook to many international issues.' 'The relationship between the two countries cannot develop or flourish in a vacuum. There should be initiatives at various levels -- at the level of government, Parliament and the people.'
'Stand-alone' trip to North American nation and a strong track record in Gujarat open doors to business.
Canada will supply uranium to energy-starved India beginning this year over a period of five years, a decision which was termed as a launch of a new era of bilateral cooperation and mutual trust by Prime Minister Narendra Modi.
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