Panel Backs 49% FDI, Legal Reforms For India’s Nuclear Sector
ECONOMY & POLICY

Panel Backs 49% FDI, Legal Reforms For India’s Nuclear Sector

A government-appointed panel has recommended allowing up to 49 per cent foreign direct investment (FDI) in India’s nuclear power sector, alongside amendments to existing civil liability laws to protect plant operators and cap supplier liability, according to a report by the Economic Times.

The inter-ministerial committee, set up to chart a roadmap for achieving 100 gigawatts (GW) of nuclear power capacity by 2047, has proposed opening the sector to foreign players and revamping India’s legal and insurance framework to attract global participation. At present, foreign investment is not permitted in India’s nuclear energy industry.

As per the panel’s recommendations, the Civil Liability for Nuclear Damage Act should be amended to:

Clarify that operators are protected from liability under other laws.

Ensure that supplier liability is capped and explicitly defined in contractual agreements with operators — a key concern for international nuclear equipment suppliers.

The committee is co-chaired by P. S. Karthigeyan, Joint Secretary at the Department of Atomic Energy (DAE), and Ajay Talegaonkar, Member of the Central Electricity Authority (CEA). It also includes representatives from the DAE, Nuclear Power Corporation of India (NPCIL), NTPC, Bhabha Atomic Research Centre (BARC), and the Ministry of Power, according to the report.

The panel further recommended strengthening insurance coverage under the Indian Nuclear Insurance Pool (INIP), managed by the General Insurance Corporation of India (GIC Re). It proposed that operators be insured for up to Rs 15 billion per incident, compared with the current floater policy, which would require enhancing the pool’s financial capacity.

The committee’s report also details India’s 100 GW nuclear energy vision, with:

46.5 GW from indigenous Pressurised Heavy Water Reactors (PHWRs),

38.8 GW from Pressurised Water Reactors (PWRs), and

5 GW each from Bharat Small Modular Reactors (BSMRs), Bharat Small Reactors (BSRs), and Fast Breeder Reactors (FBRs).

It also called for allowing licensed private-sector participation in activities related to nuclear fuel handling and component manufacturing.

The government is reportedly reviewing amendments to both the Atomic Energy Act and the Civil Liability for Nuclear Damage Act to pave the way for private and foreign involvement in nuclear power generation, marking a major policy shift for the sector.

A government-appointed panel has recommended allowing up to 49 per cent foreign direct investment (FDI) in India’s nuclear power sector, alongside amendments to existing civil liability laws to protect plant operators and cap supplier liability, according to a report by the Economic Times. The inter-ministerial committee, set up to chart a roadmap for achieving 100 gigawatts (GW) of nuclear power capacity by 2047, has proposed opening the sector to foreign players and revamping India’s legal and insurance framework to attract global participation. At present, foreign investment is not permitted in India’s nuclear energy industry. As per the panel’s recommendations, the Civil Liability for Nuclear Damage Act should be amended to: Clarify that operators are protected from liability under other laws. Ensure that supplier liability is capped and explicitly defined in contractual agreements with operators — a key concern for international nuclear equipment suppliers. The committee is co-chaired by P. S. Karthigeyan, Joint Secretary at the Department of Atomic Energy (DAE), and Ajay Talegaonkar, Member of the Central Electricity Authority (CEA). It also includes representatives from the DAE, Nuclear Power Corporation of India (NPCIL), NTPC, Bhabha Atomic Research Centre (BARC), and the Ministry of Power, according to the report. The panel further recommended strengthening insurance coverage under the Indian Nuclear Insurance Pool (INIP), managed by the General Insurance Corporation of India (GIC Re). It proposed that operators be insured for up to Rs 15 billion per incident, compared with the current floater policy, which would require enhancing the pool’s financial capacity. The committee’s report also details India’s 100 GW nuclear energy vision, with: 46.5 GW from indigenous Pressurised Heavy Water Reactors (PHWRs), 38.8 GW from Pressurised Water Reactors (PWRs), and 5 GW each from Bharat Small Modular Reactors (BSMRs), Bharat Small Reactors (BSRs), and Fast Breeder Reactors (FBRs). It also called for allowing licensed private-sector participation in activities related to nuclear fuel handling and component manufacturing. The government is reportedly reviewing amendments to both the Atomic Energy Act and the Civil Liability for Nuclear Damage Act to pave the way for private and foreign involvement in nuclear power generation, marking a major policy shift for the sector.

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement