India's parliament has passed a new law called the SHANTI Bill, aimed at transforming the nuclear energy sector. The Union Minister for New and Renewable Energy stated that the legislation creates a modern regulatory system and allows private investment in nuclear power. This move is intended to boost long-term energy security and help meet a national goal of one hundred gigawatts of nuclear capacity by 2047.
The bill consolidates older atomic energy laws and grants statutory authority to the existing regulatory board. It permits private sector participation in certain areas under strict conditions, though uranium mining above specific levels remains a government monopoly. Officials describe the policy as a game-changer for providing reliable, clean power to heavy industries and emerging fields like artificial intelligence.
The government emphasizes that the framework maintains commitments to peaceful nuclear use and national security. This legislative shift follows a similar opening of the space sector to private investment, marking a strategic push toward energy self-reliance and sustainable growth.
The bill consolidates older atomic energy laws and grants statutory authority to the existing regulatory board. It permits private sector participation in certain areas under strict conditions, though uranium mining above specific levels remains a government monopoly. Officials describe the policy as a game-changer for providing reliable, clean power to heavy industries and emerging fields like artificial intelligence.
The government emphasizes that the framework maintains commitments to peaceful nuclear use and national security. This legislative shift follows a similar opening of the space sector to private investment, marking a strategic push toward energy self-reliance and sustainable growth.
