Indo-French Business Relations | | Business Standard
India has taken a lead over others in delivering equipment to France for the International Thermonuclear Experimental Reactor (ITER) research project which is aimed at generating energy through nuclear fusion.
India is one of the seven member entities including China, USA, Russia, Japan, South Korea and the European Union for the ITER, which is coming up in southern France.
"Of the total shipping load delivered so far, almost 40 per cent of load has come from India which is leading. As time progresses, loads will also reach from other countries. But at the moment, a very large number of delivery has been made form India," ITER-India project director Sirish Deshpande.
He was talking to reporters on the sidelines of the 27th International Atomic Energy Agency's Fusion Energy Conference being organised here.
As per the agreement, India has agreed to make nine per cent of in-kind contribution for the project, which will require an investment of Rs 10,000 crore, he said.
"Out of this, various orders worth Rs 3500 crore have already been placed," said Deshpande.
ITER Director General Bernard Bigot, who was a key speaker at the event, told reporters that in the next three years, all large equipment required for the project will be delivered at the site for assembling.