India absolves US N-suppliers of damages
NEW DELHI: The Indian government has absolved American nuclear companies of liability in case of a possible accident during the building and installation of nuclear reactors and facilities in India. A Civil Nuclear Liability bill cleared by the Union Cabinet late on Thursday presents India’s desire to work with the American firms. Washington has been asking New Delhi that the nuclear deal the two countries signed last year would be futile as the American companies, and most Western firms, would not do business with India unless the liability law was promulgated. Most American companies see huge investment potential in India and only want it to have a law to limit the claims for damages in the wake of an accident that may occur before they hand over a nuclear plant to the country. In the bill, the Indian government is seeking to bear the entire compensation for any nuclear accident. iftikhar gilani
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| Saturday, February 28, 2004
