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India+Ratifies+Nuclear+Liability+Convention%2C+Hopes+To+Win+Foreign+Investment
Friday, 05 February 2016 - 15:48
India Ratifies Nuclear Liability Convention, Hopes To Win Foreign Investment
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India ratified an international convention on nuclear energy accident liability, the government of India states, and the final piece in its efforts to address the concerns of foreign nuclear suppliers and draw them into a market worth billions of dollars.

Nuclear reactor makers such as General Electric have been reluctant to set up plants in India because of a 2010 liability law that makes equipment suppliers potentially accountable for accidents, not just the plant operators as is the global norm.

Since then, India which wants to ramp up the share of nuclear power from barely 3 percent to 25 percent by 2050 has been trying to assuage the fears of the nuclear suppliers.

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