Indo-US talks in London on nuclear issue extended

Sources indicated that there was "forward movement" in the last two rounds of talks and the officials would build on that to achieve something "concrete".

Indo-US talks in London on nuclear issue extended


NEW DELHI: India and the US extended their talks in London by a day today to iron out the kinks in the way of operationalising the landmark civil nuclear deal with officials making all efforts to stitch a "concrete" outcome during President Barack Obama's visit, starting in three days.

The talks of the Indo-US Contact Group on nuclear cooperation, which started yesterday, centred on the ticklish liability issue which has stalled the implementation of the agreements inked in 2005 between the then US President George Bush and former Prime Minister Manmohan Singh.

The Indian liability law holds the suppliers directly liable in case of a nuclear accident while countries like France and the US have asked India to follow global norms under which the primary liability is with the operator.

Since all the nuclear power plants in the country are run by the government-owned Nuclear Power Corporation of India Ltd (NPCIL), following international norms will mean the government would have to pay for the damages in case of an accident.

Another contentious clause in the liability law was unlimited liability for which international companies will find it difficult to get insurers.
ADVERTISEMENT

The day-long talks have been extended by another day, officials here said.

The talks in London followed the second round in Vienna earlier this month and sources here indicated that there was "forward movement" in the last two rounds and the officials would build on that to achieve something "concrete".

The first meeting of the Contact Group had taken place here in December last.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
What to expect from US president Barack Obama's visit
1/4
Washington wants forward movement on Nuclear Liability Law that would enable GE and Westinghouse to enter Indian market and make the civil nuclear deal of 2008 operational.

India too is keen to break the logjam and is working on a model that will have a pool of insurance companies giving guarantees to reactor suppliers besides diluting the provision in the law that makes the supplier liable in case of an accident.

A similar arrangement was also reached with the Russian side whose nuclear fi rms are, however, state-run. GoI thinks such an arrangement will also encourage Indian private players to get into manufacturing reactors
Washington wants forward movement on Nuclear Liability Law that would enable GE and Westinghouse to enter Indian market and make the civil nuclear deal of 2008 operational.

India too is keen..
Read More
Watch out for an announcement or a commitment on further raising FDI cap in defence.

Discussions on joint production and co-development of defence items are also on the agenda. The 10- year bilateral defence partnership is also likely to be renewed in this trip
Watch out for an announcement or a commitment on further raising FDI cap in defence.

Discussions on joint production and co-development of defence items are also on the agenda. The 10- year b..
Read More
India will reassure US on easing the process to do businesses in India, especially in high priority sectors like smart cities and railways. Forward movement is expected on Intellectual Property Rights regimes of both countries during this trip.

Obama will interact with the India-US CEOs during this visit.
India will reassure US on easing the process to do businesses in India, especially in high priority sectors like smart cities and railways. Forward movement is expected on Intellectual Property Right..
Read More
More counter-terror cooperation with emphasis on ISIS and Af-Pak terror groups.

India would like to hear from US about situation in Pak and Islamabad’s effort to control terror in the backdrop US-Pak strategic dialogue in this month.
More counter-terror cooperation with emphasis on ISIS and Af-Pak terror groups.

India would like to hear from US about situation in Pak and Islamabad’s effort to control terror in the backdr..
Read More
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Politics › Indo-US talks in London on nuclear issue extended
Text Size:AAA
Success
This article has been saved

*

+