Govt likely to ease nuclear liability laws to attract foreign firms

Quick Summary:

The government is also exploring private Indian participation in nuclear energy projects.

Legal battles ensued, with Union Carbide Corporation (UCC), the American parent company, settling with the Indian government for $470 million in 1989, a sum criticised as insufficient.

It’s a move expected to open the door for companies like General Electric and Westinghouse Electric, which have so far stayed away from India’s nuclear market due to legal exposure.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: BusinessFinance

Markets: India

Topics: Nuclear supplier liability India GE Westinghouse India Jaishankar nuclear liability speech India nuclear safety norms India nuclear power 2047 goal Civil Liability for Nuclear Damage Act US India civil nuclear deal US firms India nuclear deals Foreign investment in India nuclear sector Nuclear liability law India nuclear law 2025 Bhopal gas tragedy nuclear law Nuclear liability act amendment Department of Atomic Energy draft law Modi nuclear energy policy Indian private sector nuclear

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-18 @ 16:33:16 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 575 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27976362

View Article Analysis

About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 162 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions