Toronto: Ottawa and New Delhi are nearing a $2.8 billion agreement to provide uranium to India's nuclear plants shortly after the start of talks on a comprehensive economic partnership accord (CEPA).
The arrangement might last ten years and be "part of a broader nuclear co-operation effort" between the two nations, according to a Monday article from the Canadian publication Globe and Mail.
According to a statement from the Ministry of External Affairs, Prime Ministers Narendra Modi and Mark Carney "reaffirmed" their long-standing civil nuclear operation and expanding it with measures like long-term uranium supply agreements following their meeting on Sunday on the fringes of the G20 Leaders' Summit in Johannesburg.

The Saskatchewan-based business Cameco Inc. will provide the uranium.
A previous supply contract between Cameco and the Department of Atomic Energy ended in 2020. After Modi visited Canada in the spring of 2015 and had a bilateral meeting with then-Canadian Prime Minister Stephen Harper, that agreement became operative.
The Canada-India Nuclear Co-operation Agreement, which went into effect in September 2013, permitted the export of Canadian uranium to India for use in the production of power.
A senior official had previously suggested that a more comprehensive nuclear cooperation arrangement might be in the works, with India also showing interest in small modular reactors.The Australia-Canada-India Technology and Innovation (ACITI) Partnership, which was unveiled on Saturday in Johannesburg after a trilateral conference that included Modi, Carney, and Australian Prime Minister Antony Albanese, will also come after the uranium supply, if it occurs. At the time, Modi wrote on X, "The initiative will deepen collaboration between democratic partners across three continents and three oceans in emerging technologies, support diversification of supply chains, clean energy, and mass adoption of AI."