Last month Obama came to india and it looks a fruitful trip. He sold lot of american goddies and india bought them whole heartedly to keep up the mood of it's new buddy. Lately america has started considering india as an open market and leaving no stone unturned to sell every god damn product which is manufactured in uncle sam's land. Starting from barley to nuclear reactor, americans are lining up an impressive array of products which can be sold to india.
Biggest item on the list is ofcourse the nuclear reactor. Energy business is unlike any other business and nuclear energy business is unlike any other energy business.India is the first nation to get exception from the strictly controlled nuclear energy proliferation laws. Many countries are lined up to pick up stakes in the huge indian market. French and Russians have already started building reactors and thus have advantage.
Nuclear co-operation bill was establised in 2008 with the intend of opening state controlled indian nuclear energy sector to foreign players. The whole play has suffered from lot of unpleasant but extremely important twists. It seems like india is not rushing in. We have sustained 20 plus years of technological embargo, we sure can wait for few more years. While french and russian are already building reactors, US insecurity is rising exponentially. US companies like General Electric and Westinghouse electric are the major american players and want to bite a sizable marketshare. But i don't think that's gonna happen. Indian Nuclear liability bill is not going up very well with US. Why ? because it puts too much pressure on US companies. Currently the compensation cap is almost $450 million. The indian panel is suggesting the law to be extended to suppliers and sub contractors.
Now this is pretty natural. Iam letting you build a critical energy source in my home and iam paying you a handsome amount for that. It's not wrong if i ask for excellent quality and insurances against disasters. I know that there's no insurance for nuclear business- but baby, everything has a first time!
It's about atleast an initial business environment for $10 billion. I think US is losing out because of their bad attitude. They think that "It's american way or..NO WAY". But fortunately it would be "no way" for americans. Right now you are the sales man and iam the buyer and i have other salesmen on my door. So try to impress me..don't put your policies on my face. Do business in a way it should be done. America is a greedy nation. It just wants money and doesnot care about any other god damn thing. Nuclear business is not like buying bread. We all saw what happened in union carbide or Bhopal gas case. US never extradited Anderson. It was the worst industrial accident ever. I don't think indians can actually trust americans on something which is as critical as nuclear energy. India can be partner with US. But to be partner you need to show respect and mutual co-operation and commitment to each other. I can give to $10 bn for your work and you should be grateful to me that iam considering you for the opportunity when there are better options out there.I care about my people like you care about your people. So how can you expect me to remove liability clauses or loosen the clauses. British Petroleum is getting a bill of over $34 billion for the gulf of mexico oil spill disaster. After US senators demanded, around $20 Billion were transfered to federals to compensate the disaster. But that same US is finding it unacceptable that India has placed a Rs 1500 Crore compensation cap on US firms in case of nuclear accidents. What a drama has unfolded and now i doubt US over this whole generosity. Oh i am sorry ...not generosity ...it's actually business.
So my advise to you americans - be polite and respect the demands of your customer. Leave your arrogance at your doorstep. Asia is bigger than your mouth and there ain't no american way here!!
We will call it like we see it!!!

Nuclear co-operation bill was establised in 2008 with the intend of opening state controlled indian nuclear energy sector to foreign players. The whole play has suffered from lot of unpleasant but extremely important twists. It seems like india is not rushing in. We have sustained 20 plus years of technological embargo, we sure can wait for few more years. While french and russian are already building reactors, US insecurity is rising exponentially. US companies like General Electric and Westinghouse electric are the major american players and want to bite a sizable marketshare. But i don't think that's gonna happen. Indian Nuclear liability bill is not going up very well with US. Why ? because it puts too much pressure on US companies. Currently the compensation cap is almost $450 million. The indian panel is suggesting the law to be extended to suppliers and sub contractors.
Now this is pretty natural. Iam letting you build a critical energy source in my home and iam paying you a handsome amount for that. It's not wrong if i ask for excellent quality and insurances against disasters. I know that there's no insurance for nuclear business- but baby, everything has a first time!
It's about atleast an initial business environment for $10 billion. I think US is losing out because of their bad attitude. They think that "It's american way or..NO WAY". But fortunately it would be "no way" for americans. Right now you are the sales man and iam the buyer and i have other salesmen on my door. So try to impress me..don't put your policies on my face. Do business in a way it should be done. America is a greedy nation. It just wants money and doesnot care about any other god damn thing. Nuclear business is not like buying bread. We all saw what happened in union carbide or Bhopal gas case. US never extradited Anderson. It was the worst industrial accident ever. I don't think indians can actually trust americans on something which is as critical as nuclear energy. India can be partner with US. But to be partner you need to show respect and mutual co-operation and commitment to each other. I can give to $10 bn for your work and you should be grateful to me that iam considering you for the opportunity when there are better options out there.I care about my people like you care about your people. So how can you expect me to remove liability clauses or loosen the clauses. British Petroleum is getting a bill of over $34 billion for the gulf of mexico oil spill disaster. After US senators demanded, around $20 Billion were transfered to federals to compensate the disaster. But that same US is finding it unacceptable that India has placed a Rs 1500 Crore compensation cap on US firms in case of nuclear accidents. What a drama has unfolded and now i doubt US over this whole generosity. Oh i am sorry ...not generosity ...it's actually business.
So my advise to you americans - be polite and respect the demands of your customer. Leave your arrogance at your doorstep. Asia is bigger than your mouth and there ain't no american way here!!
We will call it like we see it!!!