To allay global nuclear suppliers' fears about India's nuclear liability laws that have deterred potential investors, the country is now telling the world's nuclear industry that the domestic plant operator can limit the amount as well as duration of the liability that accrues to foreign suppliers.
Planning Commission deputy chairman Montek Singh Ahluwalia, a close associate of Prime Minister Manmohan Singh, conveyed this interpretation of the 2010 nuclear liability law in a meeting with Canada' industry leaders late last month.
The Congress-led United Progressive Alliance had worked overtime in its first innings to secure a new nuclear cooperation regime after decades of global isolation, but it has been unable to jumpstart its massive nuclear power agenda as vendors from around the world have stopped in their tracks over what they have labelled as unviable liability laws.
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