Reported 1 day ago
India is set to amend its nuclear liability laws to limit penalties related to accidents, particularly aimed at attracting U.S. companies hesitant due to concerns over unlimited liability. The proposed changes, part of a broader effort to significantly boost nuclear power production by 2047, include capping the operator's compensation claims against equipment suppliers and aligning with international standards. This move hopes to ease concerns for firms like General Electric and Westinghouse, while also improving trade relations with the U.S., targeting a bilateral trade increase to $500 billion by 2030.
Source: YAHOO