Australia just dispatched the first uranium shipment to India which will act as a great impetus is deepening ties between the two nations. India and Australia had signed a civil nuclear pact in 2014 the result of which is this shipment. But in the last two days, the Modi government has in its lap two more achievements.
India-Japan Nuclear Deal
Prime Minister Modi deserves great credit for the deal because the deal was progressing (if it was at all) at a sluggish pace for four years under the Manmohan Singh government. Prime Minister Modi expedited it and brought it to a consummation in two years, and within less than one year of the signing of the deal it has come into force as well.
This agreement has become a reality before Japanese Prime Minister Shinzo Abe’s visit to India in September, which shows that the leaders of both the countries aren’t just about photo-ops but about concrete work done on the ground.
“The landmark agreement seeks to promote full cooperation between the two countries in the development and uses of nuclear energy for peaceful purposes on a stable, reliable and predictable basis,”said MEA spokesperson Gopal Baglay.
The significance of this deal and the burgeoning relations between India and Japan is highlighted in the fact that India becomes the first non-NPT signatory to have such a deal with Tokyo.
South Korea Halts Hydropower in PoK
The Modi government is the most well-oiled and dedicated diplomatic machinery one has ever seen function in this country. It’s this government’s concerted diplomatic efforts that’ve paid off once again.
Countries like South Korea are now rethinking and reviewing their decisions to invest in PoK. South Korea’s Daelim Industrial Company Limited, which is leading a consortium to develop the 500-MW Chakothi Hattian Hydropower Project on the Jhelum in Muzaffarabad, is reconsidering its investment. Also, other Korean-financed ventures in the region, such as the Kohala Hydropower project, may also be stalled.
Earlier, top financiers such as the Asian Development Bank, International Finance Corporation and Exim Bank of Korea had also denied to back a project in the area.
Pakistan is constantly looking for greater investment in the area from other nations owing to its personal financial disability. But lately, financial institutions have been more reluctant to invest in the region because of India’s strong diplomatic endeavours.
Former foreign secretary Shyam Saran said, “If it is as a result of diplomatic effort on the part of India, I would say that it is very good and encouraging news that countries are receptive to concerns that we have.”
The international community seems to have risen from its slumber on the issue of the dispute of PoK ever since India categorically opposed the CPEC.
Some time back the Asian Development Bank also refused to fund the $14 billion Diamer-Bhasha Dam on the Indus river. The project has been facing problems with financiers ever since its inception.
The Modi government understands it perfectly that the way to bring Pakistan to its knees and to stop China from trying to bully India is through economic warfare. Prime Minister Modi’s motive is to ensure that more and more nations boycott investing in Pakistan (especially in PoK) and that the massive investments that China has been enjoying for decades is shifted to India.