India's government announced plans to amend its nuclear laws to attract private capital and promote growth in the atomic energy sector. Finance Minister Nirmala Sitharaman emphasized the importance of nuclear energy in reducing the country's reliance on fossil fuels.
The proposed amendments will modify the civil nuclear liability law, which has previously discouraged foreign technology suppliers from participating in nuclear projects within India. The current legislation holds both plant operators and equipment suppliers accountable for damages in the event of an incident, creating hesitation among companies to engage in contracts with the Indian government.