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Reuters: India’s nuclear industry may seek foreign investment

May 15, 2023, 12:00PMANS Nuclear Cafe
An Indian postage stamp commemorating the country’s first nuclear reactor at Trombay. (Source: Government of India)

Reuters has reported that India is considering the recommendation of a government panel to overturn the nation’s ban on foreign investment in the domestic nuclear energy industry. The panel—established by think tank Niti Aayog, which is headed by Indian prime minister Narendra Modi—also recommended that policies be revised to allow for greater participation by private Indian companies in the nuclear energy industry, which is currently dominated by the Nuclear Power Corporation of India and Bharatiya Nabhikiya Vidyut Nigam, both of which are wholly owned by the government of India. The panel made these recommendations, according to Reuters, so that “both domestic and foreign private companies can complement nuclear power generation by public companies.”