India's laws limit liability of global nuclear suppliers

11/18/2013 | Economic Times (India), The

Under India's nuclear liability laws, the domestic plant operator can limit the amount and duration of the liability that could fall to foreign suppliers. "The Planning Commission deputy chairperson, Montek Singh Ahluwalia, said that the Indian Nuclear Liability Law includes a provision that allows the plant operator in India to limit, in both amount and duration, the liability that the operator can pass through to suppliers so that the liability is bounded and therefore, insurable," said a Canadian industry official. Canada could become a major supplier of uranium to India, but chemical firms such as Cameco are concerned about the implications of the liability law for material vendors.

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