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American firms keen to make big money out of selling nukes to India

GE scouting for acquisitions in India | Reuters, By Devidutta Tripathy and Anurag Kotoky NEW DELHI | Mon Nov 15, 2010 GE, which set up India’s first hydropower plant in 1902, is keen to tap a $150 billion atomic market as well, Flannery said, after India’s parliament passed legislation in August to open up the domestic nuclear market.India is the only country to have a provision in its nuclear liability law that gives the right to seek damages from plant suppliers if there is an accident…..

The entry of firms like GE is seen as uncertain unless India provides more clarity on compensation liability for private operators…..

GE scouting for acquisitions in India | Reuters


November 17, 2010 - Posted by | business and costs, India | , , , , ,

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