News Desk
NEW DEHLI: India has unveiled a sweeping $214 billion (₹19.3 trillion) plan to expand its nuclear energy sector, accompanied by proposed reforms to the country’s energy laws designed to attract private investment and streamline operations.
The announcement, officials said, is part of a broader strategy to achieve ambitious energy and economic goals, including Prime Minister Narendra Modi’s target of generating 100 gigawatts of nuclear power by 2047, a cornerstone of India’s vision to become a fully developed economy.
According to Bloomberg, Jitendra Singh, India’s Minister for Atomic Energy, confirmed that a new nuclear bill would be presented to the cabinet this week, with the intention of tabling it for parliamentary approval during the current session. The legislation is expected to open the nuclear sector to private companies, which until now have largely been restricted to supplying equipment rather than directly participating in power generation.
Officials also indicated plans to amend the nuclear liability law, a regulatory framework that has previously discouraged foreign companies from collaborating on Indian projects. Currently, India’s only operational foreign technology-based nuclear facility is the Kudankulam Nuclear Power Plant, developed in partnership with Russia.
Four additional reactors are under construction, and the new policy framework is expected to facilitate further international collaboration, including upcoming projects with Russian partners. Experts have described the move as a significant step toward modernizing India’s energy infrastructure and attracting both domestic and foreign investment.
