US nuke firms want India to adopt compensation convention: Report - Hindustan Times

American firms, which pushed hard for the Indo-US civilian nuclear deal, are unlikely to engage in atomic trade with India if it does not adopt a Convention on Supplementary Compensation (CSC) for Nuclear Damage, says a US Congressional report.

See information about elastic tape and related products.

American firms, which pushed hard for the Indo-US civilian nuclear deal, are unlikely to engage in atomic trade with India if it does not adopt a Convention on Supplementary Compensation (CSC) for Nuclear Damage, says a US Congressional report. "It is worth noting that US firms will likely be very reluctant to engage in nuclear trade with India if the government does not become party to the Convention on Supplementary Compensation for Nuclear Damage, which has not yet entered into force," said a latest report on the landmark civil nuclear deal released by Congressional Research Service (CRS).

Find elastic tapes and related product listing.

The convention, among its provisions, places the onus of compensation in case of nuclear damage on the 'Installation State' (where the nuclear facilities are located), in this case, India.  However, New Delhi has not indicated when it plans to become party to CSC. The Civil Nuclear Liability Bill, which is currently locked in a stand-off between the Government and the Opposition.

For information about elastic webbing see http://www.elastic-tapes.com/elastic-webbing.html.

Full Story: US nuke firms want India to adopt compensation convention: Report - Hindustan Times