Strategic Leverage Over Capital Gains: Why Tokyo Must Dictate Terms in New Delhi’s Nuclear Market

India intends to build one of the world’s largest nuclear fleets, creating a market worth tens of billions of dollars.Yet for 15 years, a single provision in Indian law helped keep Japanese firms on the sidelines. Last December, that provision was removed, placing the prize within reach. However, the question confronting Tokyo is harder than the pure economics make it sound, wrote Gaurav Kumar of
India intends to build one of the world’s largest nuclear fleets, creating a market worth tens of billions of dollars.Yet for 15 years, a single provision in Indian law helped keep Japanese firms on the sidelines. Last December, that provision was removed, placing the prize within reach. However, the question confronting Tokyo is harder than the pure economics make it sound, wrote Gaurav Kumar of
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