Govt Set To Allow Pvt Cos To Mine, Import Uranium

India aims to allow private firms to mine, import and process uranium as part of plans to end a decades-old state monopoly over the nuclear sector and bring in billions of dollars to boost the industry, two government officials said.

- Reuters

Prime Minister Narendra Modi's government plans to expand nuclear power production capacity by 12 times by 2047 and it is also relaxing requirements to allow foreign players to take a minority stake in power plants, Reuters reported in April. If it meets its expansion goal, nuclear will provide 5% of India's total power needs, according to government estimates.