US and Indian officials will meet shortly to put in place a few
remaining steps on the India-US nuclear deal after the "breakthrough understanding"
between President Barack Obama and Prime Minister Narendra Modi, according to a
senior US
official. "Essentially, what you're seeing with the breakthrough on
civ-nuke is that at a policy level, there are no further impediments," Phil
Reiner, White House's senior director for South Asian Affairs, told the foreign
media on February 3 in a round table on Obama's India trip. "It's now for
operationalisation" and "the governments don't necessarily get
involved in the decisions that companies make", he said. "But at this
point, what we've done is we've removed the ambiguity that was preventing those
companies from moving forward," Reiner said. US officials have said that the
understanding on the liability issue is between the two governments and it was
up to the companies to do their own risk assessment before entering into
commercial contracts. "There's a few steps that still need to be put in
place; for example, there will be a conference in the relative near term on how
to build the insurance pool elements that will go into actually making this a
reality," Reiner said. "But it's a massive breakthrough that's held
us up for years, that's prevented us from being able to take those next
steps," he said."At a policy level, we've been able to push at the
leader level to get past that. That is tangible progress." According to
reports, the state-backed insurance pool would cover operator liabilities of up
to Rs.15 billion ($242.8 million). India
has allotted project sites for two 1000 mw nuclear reactors each by US companies Westinghouse and GE-Hitachi in Gujarat and Andhra Pradesh respectively. But no work has
started on either due to the nuclear logjam.