Modi & Obama welcome work on nuclear reactors in India

Modi with Obama

U.S. President Barack Obama and Indian Prime Minister Narendra Modi have welcomed the start of preparatory work on six nuclear reactors in India, a key step in closing the first deal stemming from a U.S.-India civil nuclear accord struck over a decade ago.The two leaders said in a joint statement that India and the U.S. Export-Import Bank intend to work together toward a competitive financing package for the project and will work to finalize contractual agreements by June 2017.