India and Argentina ink MoU to boost cooperation in nuclear energy | Current Affairs, Current Affairs 2019

India and Argentina ink MoU to boost cooperation in nuclear energy

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India and Argentina inked a Memorandum of Understanding (MoU) to boost cooperation in the sector of nuclear energy.

Argentina minister for foreign affairs Jorge Faurie said his country has expertise in building small-capacity reactors and was looking to work with India in some third country in tripartite projects.

According to an joint statment, PM Narendra and Argentine President Mauricio Macri have signed the MoU signed on the occasion between the Department of Atomic Energy, India, and National Atomic Energy Commission, Argentina, for cooperation within the framework of Global Center for Nuclear Energy Partnership would bolster institutional linkages in civil nuclear research, development and capacity building. The two countries also wished to enhance and explore cooperative ventures in the area of nuclear power and its societal uses in the fields of health, agriculture, industrial application, training and capacity building. India and Argentina had signed an agreement in 2010 for cooperation in the peaceful use of nuclear energy.
Argentine company INVAP is working on the Fission Molly Project to build a molybdenum plant in Mumbai. Faurie said the plant focuses on creating isotopes. Argentina also manufactures some components used in Indian power reactors.

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