Australia and India have reached a landmark deal for the export of Australian uranium to India. The agreement was signed during a visit to Melbourne by Prime Minister Narendra Modi.
The uranium will be used for power generation and peaceful purposes. This deal provides fresh impetus to India's nuclear energy ambitions as the country aims to meet a target of 100 gigawatts of nuclear energy capacity by 2047.
The agreement is intended to bolster India's nuclear-power generation while simultaneously boosting Australia's mining industry.