The government’s plan to end the state monopoly on nuclear energy marks a major policy shift
With a goal of 100 GW by 2047, India plans to scale nuclear power capacity significantly
Private firms will help build supply chains, mobilise capital, and speed up project execution
Amendments to the Atomic Energy Act and Civil Liability for Nuclear Damage Act are crucial
SMRs and BSRs will complement renewables, offering a sustainable energy solution for industry
To encourage private investment, the government may consider viability-gap funding and sovereign guarantees