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India, Australia to hold naval drill in 2015

Both countries have decided to increase cooperation in defence and security
New Delhi: In yet another indication of the deepening strategic ties between New Delhi and Canberra, the two countries have decided to hold their first bilateral naval exercise in 2015 while also resolving to increase cooperation in defence and security.
In his remarks after the inking of the nuclear pact, PM Mr Modi described it as “a historic milestone in our relationship”.
Mr Modi also said it was “a reflection of a new level of mutual trust and confidence in our relationship”.
He also stated that the deal will “support India’s efforts to fuel its growth with clean energy and minimise the carbon footprint of its growth”.
The PM’s remarks indicating new trust were not without reason for Australia has decided to supply uranium to India even though it is not a signatory to the NPT. Australia has about 40 per cent of the world’s uranium reserves and exports nearly 7,000 tonnes of yellow cake annually
( Source : dc correspondent )
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