SHANTI Bill sets out safety protocols for private sector in nuclear power

With the new nuclear energy legislation SHANTI — short for Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India — finally coming into force, India is set to enter a new phase of global nuclear power generation and commerce. The Bill is armed with provisions that seek to strike a balance between a stable and predictable investment environment for rapid capacity creation and a strong regulatory regime ensuring safety and security of critical infrastructure and its operations. “The Bill permits foreign direct investment of up to 49 per cent in specified nuclear activities under the automatic route, thereby unshackling the public sector monopoly over this domain,” said Amit Kapur, partner at law firm JSA. Read more