Modi government mulling to open Nuclear sector to private companies
New Delhi: Prime Minister Narendra Modi on Thursday said the Union government is working on opening India’s nuclear sector to private companies, describing the move as an important step towards strengthening the country’s energy security and technological growth.
Modi made the remarks while addressing, through video conference, the inauguration of Skyroot Aerospace’s new rocket manufacturing facility, the Infinity Campus. He said the scope of economic reforms is expanding, and drew a connection to earlier changes that allowed private participation in the space sector.
According to the prime minister, the nuclear sector will see similar opportunities. “A strong role for the private sector is being laid in this field, which will create opportunities in small modular reactors, advanced reactors, and nuclear innovation,” he said. Modi added that such participation would “give new strength to India’s energy security and technological leadership.”
India has set a long-term target of installing 100 gigawatts of nuclear power capacity by 2047 under the Viksit Bharat mission. At present, research and development in the nuclear sector is restricted, with no provision for joint ventures between public sector undertakings and private companies. The government now plans to widen this framework.
To enable greater private involvement, the Centre is preparing to introduce a Bill in the upcoming Winter Session of Parliament to amend the Atomic Energy Act, 1962, and the Civil Liability for Nuclear Damage Act, 2010.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
US–Iran first round direct talks conclude in Islamabad: Report
_vb_48.jpeg)
The first round of direct talks between the United States and Iran, held in Islamabad, has concluded, Al Jazeera reported citing sources close to the development.
According to the report, following the discussions, delegations from both sides agreed to exchange written documents, a move aimed at ensuring clarity and consensus on the understandings reached during the meeting.
Both the Iranian and US delegations arrived in Islamabad on Saturday, April 11, amid high security for the peace talks.
_vb_17.jpeg)
