Looking to streamline foreign investment in civilian nuclear power sector, India is drafting a set of regulations, rules and commercial parameters to govern nuclear power generation and related liabilities for operators.A draft-framework of the new regulations is expected to be shared with international investors by July, sources said. The rules define operator liability limits and corelate the same with installed capacity of the plant. New regulations regarding specific insurance pools and financial coverage are being ironed out.The need for these rules and regulatory framework came up for discussion as a 20-member strong US Nuclear Executive Mission met with Indian leadership here in New Delhi. The rules are needed under the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Act, passed by the Parliament in December last year.The US delegation led by Maria Korsnick President and Chief Executive Officer of Washington, DC-based Nuclear Energy Institute was hosted by Power Minister Manohar Lal Khattar and Minister for State in the Prime Minister’s Office Jitendra Singh.Khattar posted on X about the meeting with the US Nuclear Executive Mission, saying discussions focused on reducing financing costs, shortening construction timelines and exploring longer-term power purchase agreements to make nuclear power more economically viable.“We remain firmly committed to the highest standards of safety, security, and regulatory oversight,” The minister said adding that India was seeking affordable, reliable, and safe power as part of its long-term energy strategy. India has a target of achieving a 100 GW nuclear capacity by 2047.Krosnick, while speaking at a reception hosted by US-India Strategic Partnership Forum, said India’s reforms had attracted attention around the world, they signal that India is serious about expanding nuclear energy. “The implementation work now underway will be critical for the policies, regulations, and commercial frameworks,” she said while mentioning the upcoming regulations.About the delegation that he led, Krosnick said “We’re here not simply to discuss projects, but to discuss long-term partnerships. The opportunity before us is much larger than any single project”.Both countries are looking at cooperation in small modular reactors (SMRs), considered a next-generation nuclear technology due to their flexibility and potential to replace retiring coal-based power plants.The US nuclear energy industry, supported by both government and private sectors, offers a comprehensive suite of products and services. This includes large reactors and SMRs.