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India could get billions in corporate welfare from the U.S. to build a nuclear reactor

Thursday, September 22, 2016 18:36
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A multi-partisan activist group established to expose and resist US imperialism, corpora-terrorism, and the New World Order

Insane in the membrane: India could get billions in corporate welfare from the U.S. to build a nuclear reactor | 22 Sept 2016 | India is negotiating with U.S. Export-Import Bank for an $8-9 billion loan to finance six Westinghouse Electric nuclear reactors, two sources familiar with the talks said, although a lending freeze at the trade agency threatens progress. The mega-project, the result of warming U.S.-India ties in recent years, could open up billions of dollars of further investment in India's nuclear power sector, which was for decades shut out of the global market…Both U.S. President Barack Obama and Indian Prime Minister Narendra Modi have been promoting the nuclear deal, which was stuck for years because of an Indian law that made nuclear equipment suppliers liable in case of an accident, and not just the plant operators as is the global norm.

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