India signs IAEA’s nuke liability pact

Oct 28, 2010 |

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New Delhi, Oct. 27: India on Wednesday signed the convention on supplementary compensation for nuclear damage at the IAEA’s headquarters in Vienna, with just a week to go for the US President, Mr Barack Obama’s landmark visit to this country.

The US had sought signing of the treaty governing global civil nuclear liability to pave the way for American firms to enter the Indian civil nuclear energy market.

New Delhi hopes signing of the convention will allay some of the fears of US companies about the nuclear liability law passed earlier by the Indian Parliament.

A PTI report from Vienna quoted IAEA press officials as confirming that the Indian government had signed the convention on Wednesday. It was signed by Indian ambassador to Austria, Mr Dinkar Khullar, who is also resident representative to the IAEA.

The convention sets out the parameters of financial liability for the operator of a nuclear reactor.

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