The future of India’s nuclear power

India’s SHANTI law modernises its nuclear power sector, encouraging private and foreign investment to achieve 100 GW capacity by 2047. It introduces a new licensing framework, aligns international liability standards, and allows foreign investment up to 49%. The law maintains government control over strategic nuclear activities while opening research and development for peaceful purposes. “Interestingly, the ambit of the new legislation extends beyond power generation to include the application of nuclear technology in healthcare, food, water and agriculture, to provide a cleaner and more predictable regulatory environment. The law permits foreign direct investment of up to 49% in specified nuclear activities under the automatic route, thereby unshackling the public sector monopoly over this domain,” said Amit Kapur. Read more