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Industry looks for more details about the operationalization of the India Nuclear Insurance Fund

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Capital Market
FICCI welcomes the proactive and positive approach taken by the Department of Atomic Energy (DAE) and Ministry of External Affairs (MEA) in dispelling doubts that Indian industry had with regard to issues related to Civil Nuclear Liability under the CLNDA 2010.

Dr. Jyotsna Suri, President, FICCI said Industry is pleased that a meeting convened by Secretary, DAE and with participation at the highest levels by Nuclear Power Corporation of India (NPCIL) , GIC Re, MEA and Indian industry representatives has brought in clarity on the issue and reaffirmed industry's belief, that its voice is heard by the government. Industry keenly looks forward to DAE, NPCIL and GIC Re working towards bringing about appropriate changes in the tender documents and associated clarifications in the interpretation of Section 46. Industry also awaits for more details with respect to the operationalization of the India Nuclear Insurance Fund which will provide insurance cover for the supplier civil nuclear liability under CNLD Act 2010.

 

As always, Indian industry is ready to provide full support to the Indian nuclear power programme through active participation in nuclear power projects both domestic and international.

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First Published: Feb 28 2015 | 6:17 PM IST

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