Monday, February 2, 2015

U.S.-India nuclear 'breakthrough' could be finalised within year

U.S. President Obama and India's PM Modi shake hands after giving opening statements during a at Hyderabad House in New Delhi By Douglas Busvine and David Brunnstrom NEW DELHI/WASHINGTON (Reuters) - A "breakthrough understanding" to open India's nuclear power sector to U.S. firms reached during President Barack Obama's visit to New Delhi last month could be finalised this year, Indian officials say. The Jan. 25 announcement by Obama and Indian Prime Minister Narendra Modi followed six weeks of intensive talks, but few details were released beyond a framework based on India's acceptance of the principle that plant operators should bear primary liability in the event of a nuclear disaster. India wants to nearly treble its installed nuclear capacity, which would make it the world's second biggest market after China. U.S. officials say details of an insurance scheme to protect suppliers from crippling lawsuits need to be thrashed out and India still has to ratify a U.N. nuclear convention.








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