India to establish nuclear liability fund to attract global suppliers
CHENNAI: The Indian government is preparing to set up a dedicated nuclear liability fund that will cover compensation claims exceeding ₹1,500 crore ($169 million) in the event of a nuclear accident.
The initiative is designed to address long-standing concerns over risk-sharing, which have discouraged global suppliers and private firms from investing in India’s nuclear energy programme, Reuters reported on Thursday quoting two senior government officials familiar with the development.
