India, March 6 -- The government led by Narendra Modi has sealed a $2.6 billion long-term uranium supply agreement with Canada, a move analysts view as a key step toward India's target of achieving 100 GW of nuclear power capacity by 2047.

According to a report by the South China Morning Post, India's domestic uranium production is expected to remain significantly below projected demand, making long-term import arrangements critical to support the country's expanding nuclear energy programme.

Experts cited in the report said the widening supply gap will increase India's reliance on overseas uranium sources to fuel both existing and planned reactors, making the Canada deal strategically important.

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