New Delhi, Sept. 25 -- India is preparing to set up anuclear liability fundto address long-standing concerns of global suppliers over risk-sharing in case of a nuclear accident.

The proposed fund will cover compensation claims beyond the operator's liability cap of Rs 1,500 crore (around USD 169 million).

This initiative aims to bring greater confidence to international equipment providers and strengthen India's nuclear energy expansion plans.

At present, India's Civil Liability for Nuclear Damage Act places the primary responsibility of compensation on plant operators, up to a limit of Rs 1,500 crore. Beyond this, the government assumes liability.

However, in the absence of a clear financial mechanism to handle larger claims, foreign...