India wants to boost its nuclear power-generation by more than ten times over the next two decades to cut dependence on imported fossil fuels, but there’s one problem: global companies don’t want to sell India the equipment it needs to run nuclear power-plants under existing rules. Foreign equipment-makers are worried about an Indian law, passed in 2010, which would make them liable to pay compensation in the event of an accident, says Dipankar Bandyopadhyay, a Mumbai-based partner at Indian law firm Verus, and one of the few lawyers in the country who specialize in India’s nuclear liability law. Mr. Bandyopadhyay says that in most other countries, if there is a nuclear accident, the damages are borne only by the company which runs the nuclear plant, not companies which supplied equipment to the plant. Still, given the large size of India’s market for nuclear power, some equipment-makers are negotiating with […]