The Australia-India Nuclear Cooperation Agreement permits Australian companies to commence commercial uranium exports to India, an important milestone in Australia's relationship with India, Australian Foreign Minister Julie Bishop said in a media release.

While previous Liberal prime minister Tony Abbott was quite gung-ho about the supply of uranium to India, current incumbent Malcolm Turnbull would get the credit for sealing the deal to export uranium to the power-hungry south Asian country.

Many observers of the bilateral ties would agree with foreign minister's assertion that the export of uranium to India is a milestone in the bilateral relations.

It is believed that Australian PM was persuaded by the US to sell uranium to India soon after finalisation of the US-India Civil Nuclear Agreement in July that year.

Australia is also keen in exporting coal to India to run her conventional power stations. But it was the nod to the uranium deal which was being awaited anxiously by New Delhi watchers in Australia.

Besides India, Australia has also finalised a Nuclear Cooperation Agreement with the United Arab Emirates.

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