The United States signed, India was officially launched on Friday at the Convention on the reprocessing of spent nuclear fuel that U.S. officials hope to allow U.S. companies to share in the Hindi nuclear energy market which is estimated at 150 billion dollars.

The agreement was signed by Undersecretary of the Ministry of State for Political Affairs Bill Burns and Ambassador of India to the United States H. E. Mira Shankar. The agreement will give India's reprocessing of nuclear materials of U.S. origin under the safeguards of the International Atomic Energy Agency.

The Convention is part of the bilateral civilian nuclear pact, signed between the two countries in 2008, which ended India's nuclear isolation after the nuclear test conducted in 1974 by. The accord gives India access to U.S. technology and fuel, while it also opens the world nuclear market to India.

The U.S. State Department in a press statement that "the increase in civilian nuclear trade with India would provide thousands of new posts in the U.S. economy while helping India meet its growing energy needs in an environmentally reasonable increase by reducing carbon emissions."

It is expected that the Convention enters into force in early August