American companies are unlikely to engage in nuclear trade with India till it becomes a signatory to an international convention on nuclear damage that among its provisions puts the onus of compensation on the state in case of an accident, a Congressional report has said.
“US firms will likely be very reluctant to engage in nuclear trade with India if the government does not adhere to the Convention on Supplementary Compensation for Nuclear Damage (CSC), which has not yet entered into force,” said the independent report.
CRS is the bipartisan research wing of the US Congress, which prepares periodic reports on various issues for American lawmakers. The report was sent to lawmakers on September 28.
India last week had announced that it will sign the CSC.