U.S. Hopeful Of Investing In India's Nuclear Projects

By siliconindia | Tuesday, 10 February 2015, 11:06 Hrs

WASHINGTON: The US has expressed hoped that its companies would participate in India's nuclear projects as the country has reached an understanding with America about its existing nuclear liability regime.

"We believe that we've reached a sufficient understanding, and I think this process will continue. We are hopeful that it will lead to our companies having their concerns addressed and being able to participate in India," said Ben Rhodes, Deputy National Security Advisor at the White House.

Rhodes was responding to questions on clarification issued by the Indian Government on the recently agreed understanding between India and the US on the liability clause of the historic civil nuclear agreement.

A seven-page 'frequently asked questions' dealing with contentious issues including liability, compensation and right of recourse in case of nuclear mishap was issued by India's External Affairs Ministry.

The ministry had said the understanding on the policy hurdles were reached after three rounds of discussions between the Indo-US Nuclear Contact Group, which met last in London, just three days before President Barack Obama visited New Delhi on January 25.

Source: PTI