Business
Need for pragmatic implementation of n-liability law: Experts
Jan 22: A pragmatic and balanced
implementation of civil nuclear liability law is important for ensuring
success of India's civilian nuclear energy programme, experts said here
Thursday.
Indian industry capabilities are today recognised by
foreign technology providers in terms of engineering, manufacturing
prowess and quality control, they said at a roundtable discussion on
'India's Civil Nuclear Liability Law and Supplier's Concerns'.
The discussion was organised by the Institute for Defence Studies and Analyses and the Indian Pugwash Society.
The
experts deliberated extensively on the various interpretations of the
terms such as "vendors", "contractors" and "suppliers" used for Indian
industries in the Civil Liability for Nuclear Damage (CLND) Act, 2010, a
release said.
The Civil Liability for Nuclear Damage Act, 2010,
or nuclear liability act aims to provide a civil liability for nuclear
damage and prompt compensation to the victims of a nuclear incident.
Commenting
on the standoff between the vendors and the government over the
provisions of the liability act, the experts insisted that the objective
of the act should be that the victim in case of a nuclear incident
should be able to get prompt and adequate compensation.
They
expressed optimism over formulating adequate insurance cover by the
Indian insurance giants to address the liability to suppliers and
operators arising out of the liability act.
The experts also
deliberated upon challenges and prospects for rigorous implementation of
nuclear programme through creation of mechanisms for technology
absorption as well as to achieve greater degree of indigenisation in
nuclear reactor and component manufacturing.