US nuclear giant Westinghouse's bankruptcy filing is unlikely to have an impact on the commercial implementation of the Indo-US civil nuclear deal, but India needs to be extra cautious in its negotiations for setting up nuclear power plants, a top US expert said today.
"Westinghouse, in its official press release, indicated that the bankruptcy filing will have no impact on its operations and businesses outside of the US," Dr Vijay Sazawal, a global civil nuclear trade consultant, said after Westinghouse filed chapter 11 bankruptcy in a New York court. Westinghouse Electric Company is a US unit of Japan's Toshiba Corporation.
The Westinghouse bankruptcy is unlikely to have an impact on civil nuclear deal, but India needs to be cautious in its negotiations with Westinghouse, said Sazawal who served as the subject matter expert on the US-India civil nuclear agreement for the US India Business Council.