India considers nuclear liability fund for major accidents, sources say

India plans to set up a nuclear liability fund to cover accident compensation in excess of 15 billion rupees ($169 million) owed by plant operators, in a bid to ease risk-sharing concerns among global suppliers and private firms, two government sources said.

The move holds out potential to unlock long-stalled private and foreign investment in the nuclear industry, by aligning India’s compensation framework with global norms, added the sources, who have direct knowledge of the matter.