India third in world in legal nuclear liability

By SiliconIndia   |   Monday, 30 August 2010, 11:18 Hrs   |    5 Comments
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India third in world in legal nuclear liability
Mumbai: The legal nuclear liability of India is the third highest in the world at a $439 million limit. The countries ahead of India are U.S. at $12,590 million and the Republic of Korea and the UK at around $452 million each, reports Suman Sharma of DNA.

In a survey done by the Confederation of Indian Industry, China was placed at the fourth rank in terms of its nuclear liability at $162 million. The findings also reported that Russia did not specify any amount whereas Germany and Japan have an unspecified amount.

The study was based on nine factors - Nuclear liability law, strict liability, channeling of liability exclusively to operator, right of recourse against supplier, operator's insurance amount, state guarantee/cover, additional state compensation, and supplementary amount from international fund and legal liability limit.

India also came third in the operator's insurance amount as well at $320 million. U.S. tops this list too with $12,500 million.

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