Dow Chemical, which in 2001 took over Union Carbide, is in talks with the Indian government to reach an out-of-court settlement to clean up the Bhopal gas disaster site and end liability claims.
The move would clear “legal hurdles” to future Dow Chemical investments in India, India’s Law Ministry said, by setting up a fund to clean up thousands of tons of contaminated soil. It would also seek to set up other measures to resolve two-decade-long lawsuits linked to the disaster, the Hindustan Times newspaper reported.
The Tata Group is reported to have persuaded the government to pursue a settlement.
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