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Russia, USA, keen to sell nukes to India – but not to pay for accidents

US diplomatic sources, speaking on condition of anonymity, said it would be a “disaster” for US companies if the Indian Bill insisted on large foreign supplier liability.

Russia says no to supplier liability, Business Standard, Jyoti Malhotra / New Delhi August 24, 2010, Even as political acrimony over the Nuclear Liability Bill rages in and outside Parliament, India’s old-time friend Russia has clearly told the Indian establishment that it will not accept any liability for the supply of equipment and other material to help India build its nuclear power plants, either in the present or future…..
US diplomats said they were concerned that private US companies would be at a “huge risk disadvantage” if they had to compete with foreign supplier liability incorporated, compared to government-owned firms such as Russia’s Atomstroiexport……
In fact, the ongoing debate over the Nuclear Liability Bill has so distressed potential foreign suppliers that many are privately debating whether it was worth helping India gatecrash the exclusive club of de facto nuclear powers, even though it has consistently refused to sign the Nuclear Non-Proliferation Treaty.

As they watch the Indian political class debate the Bill, Russian and American diplomatic sources said they were united in their opposition to foreign supplier liability in their contracts with India. US diplomatic sources, speaking on condition of anonymity, said it would be a “disaster” for US companies if the Indian Bill insisted on large foreign supplier liability.Russia says no to supplier liability

August 24, 2010 - Posted by | India, politics international | , , , , , , , ,

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