New Delhi: India is moving forward with plans to create a nuclear liability fund aimed at covering compensation claims that exceed 15 billion rupees (around $169 million) in the event of a major nuclear accident. The initiative is designed to address risk-sharing concerns among global suppliers and private companies, potentially unlocking long-delayed private and foreign investment in the country’s nuclear sector.

The proposed statutory fund, which will be included in a new atomic energy bill, is intended to supplement an operator’s capped liability, replacing the current ad hoc payout system. The government is expected to introduce the legislation in Parliament during the winter session in December.

This development is part of India’s broader strategy to expand nuclear power capacity

See Full Page