Prime Minister Narendra Modi and Japanese counterpart Shinzo Abe signed the historic Civil Nuclear Deal between India and Japan. The deal would allow Japan to export nuclear technology to India, making it the first non-NPT signatory to have such a deal with Tokyo.

The move is likely to boost bilateral economic and security ties and facilitate US-based players to set up atomic plants in India. The two countries had reached a broad agreement for cooperation in civil nuclear energy sector during Abe’s visit to India in December last year.

Japan is a major player in the nuclear energy market and an atomic deal with it will make it easier for US-based nuclear plant makers Westinghouse Electric Corporation and GE Energy Inc to set up atomic plants in India as both these conglomerates have Japanese investments.

Other nations who have signed civil nuclear deal with India include the US, Russia, South Korea, Mangolia, France, Namibia, Argentina, Canada, Kazakhstan and Australia.