Obama and Modi agree to limit US liability in case of nuclear disaster

January 26, 2015 00:38

US industrial interests took centre-stage at the start of Barack Obama's visit to India as he and the prime minister, Narendra Modi, outlined a deal to limit the legal liability of US suppliers in the event of a nuclear power plant catastrophe.

After pressure from US diplomats, the Indian government was thought to have agreed a state-backed insurance scheme that would cap the exposure of nuclear suppliers and open the door to billions of dollars of new contracts. India will also allow closer tracking of spent fuel to limit the risk of it falling into terrorist hands.

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