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India providing a lifeline to Japan’s desperate nuclear industry

Buy-Japan's-nukes-2Japan’s Nuclear Industry Finds a Lifeline in India After Foundering Elsewhere, NYT, NOV. 11, 2016 TOKYO — Despite objections from  antinuclear campaigners, Japan’s government cleared the way on Friday for companies that build nuclear power plants to sell their technology to India — one of the few nations planning big expansions in atomic energy — by signing a cooperation agreement with the South Asian country.

The deal is a lifeline for the Japanese nuclear power industry, which has been foundering since meltdowns at the Fukushima Daiichi power plant in northeastern Japan in 2011. Plans to build a dozen new reactors in Japan were canceled after that, a gut punch for some of the country’s biggest industrial conglomerates, including Toshiba and Hitachi.With the domestic market moribund, Japanese companies had been pursuing deals abroad, but success was elusive.

November 12, 2016 - Posted by | India, Japan, marketing

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