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India all set to end state monopoly over N-sector with private players' entry
The Political and Business Daily
|August 14, 2025
INDIA aims to allow private firms to mine, import and process uranium as 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 sources said.
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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, a news agency reported in April.
If it meets its expansion goal, nuclear will provide 5% of India's total power needs, according to government estimates.
Until now, the state has maintained control over the mining, import and processing of uranium fuel because of concerns over the possible misuse of nuclear material, radiation safety, strategic security.
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