Welcoming the India-US agreement on nuclear energy cooperation, the Confederation of Indian Industry (CII) has said the energy dialogue between the two countries augers well as the agenda focussed on all possible energy resources. It stresses the need to develop bilateral cooperation in securing coal supply for electric power generation, increasing utilisation of natural gas, renewable energy and nuclear power, and for pursuing energy- efficient practices. It will ensure a balanced and sustainable energy economy that is crucial to preserve environment.

CII has said the civil nuclear cooperation agreement makes a pragmatic and sensible departure from the functional reactive programming (FRP), the three decades of technology and nuclear fuel supply denial regime.

"It will be possible for us to expand capacity at Koodankulam project and provide fuel for the Tarapur nuclear plant, further opening the possibilities of developing greenfield projects," CII said.