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dated April 29, 1956: Accord for atomic reactor

An agreement on the Rs. 7-crore Canada-India Colombo Plan Atomic Reactor was signed in New Delhi on April 28. Prime Minister Nehru signed on behalf of India, while Mr. Escott Reid, Canadian High Commissioner, signed for Canada. The reactor is likely to be ready by early 1958 and will be in full operation by the middle of that year. It will be erected at the Atomic Energy Establishment of the Government of India at Trombay, near Bombay. The project is a joint Indo-Canadian enterprise and the cost and responsibilities will be shared between the two countries. Hailing the joint enterprise, Mr. Nehru said, "This close collaboration in a highly complicated field between the scientists and engineers of the two countries, geographically as far removed as Canada and India, is a symbol of the manner in which the world has shrunk through modern technology, and a token of the peace, understanding and cooperation which will one day spread throughout the world." The total cost of the project will be about Rs. 7 crores. The value of the Canadian contribution is about 7.5 million dollars and that of the Indian contribution 6.5 million dollars. The general principle is that Canada pays for the external costs, India for the internal costs.

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