Relief for suppliers of small components in nuclear energy sector
India is looking at approaching foreign market as domestic banks are not equipped to grant huge loans
New Delhi: The Centre on Tuesday announced that small component suppliers in the nuclear energy sector will not have “obligation” if there is any liability, a step that comes as a huge relief to the industry.
However, at the same time it said that major suppliers, for instance firms building the reactors, will not be absolved if there is such an eventuality. India is also looking at approaching foreign market as domestic banks are not equipped to grant huge loans.
“Suppliers (who) are involved whether it is Indian or theirs (foreign)... then we will mention it in the contract that they will have no obligation (in case of any liability) as ultimately it is we who are designing, constructing, commissioning,” Department of Atomic Energy secretary Shekhar Basu said.
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