U.S. GE still bullish on Indian nuclear market despite catastrophe in Japan

08:30, March 15, 2011      

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The U.S.-based General Electric (GE), a major supplier of nuclear reactors, continues to be bullish on its nuclear power plans in India, despite the explosions at a nuclear plant partly built by GE i Japan in the wake of a severe earthquake and subsequent tsunami, reported the Press Trust of India on Monday.

"It is a horrific disaster, let people do exploration. We still think it is too early to make a comment on the Japanese disaster," GE Chairman and CEO Jeffery R Immelt was quoted as saying here

GE alongwith Hitachi is the equipment supplier for the Fukushima Daiichi atomic plant in Japan which experienced two explosions Sunday and Monday in the wake of the devastating earthquake on Friday.

"It is all happening real time... the primary containers of the reactors have not been breached," Immelt was quoted as saying.

However, he also said there are nuclear liability concerns in India and there are gaps which need to be filled up.

Source: Xinhua

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