India's route to 100 GW nuclear power by 2047 requires strategic reforms

India's plan to reach an ambitious 100 gigawatts (GW) nuclear power capacity by 2047 may require a concerted effort to overcome existing challenges and implement strategic reforms in the nuclear sector, says a report by SBICAPS.

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India's plan to produce 100GW of nuclear power capacity by 2047 aligns with the target to achieve a net-zero emissions target by 2070.

The report outlines several key strategies and reforms that are crucial for India to successfully expand its nuclear power capacity.

One of the critical areas being, reducing the time taken for nuclear plant construction. It also notes that Indian projects currently take around 10 years to complete, significantly longer than the global best of approximately 6 years.

The report suggests attracting greater foreign investment which would include allowing 49 per cent Foreign Direct Investment (FDI) in nuclear power generation sector to facilitate increased capital inflows.