India Set to Ease Nuclear Laws to Draw Private Capital (1)

India’s government will amend its nuclear laws to draw private capital and boost the sector’s growth, counting on atomic energy to help the country wean itself off fossil fuels, Finance Minister Nirmala Sitharaman said.

The government will amend its civil nuclear liability law, which has deterred foreign technology suppliers from building projects in the country. The existing law holds both plant operators and equipment suppliers liable for damages in case of an incident, making companies reluctant to sign deals with India.

The minister also proposed a change in regulation to allow private businesses to enter the nuclear power generation segment. ...