Govt to allow FDI in nuclear energy soon, says V Narayanasamy

The government will open nuclear energy sector to foreign direct investment (FDI), said V Narayanasamy Minister of State, Prime Minister’s office at the Assocham nuclear meet on Wednesday.

However, he added that the policy on FDI in nuclear energy is still to be evolved and the final decision has still to be taken.

Commerce and Industry Minister Anand Sharma had earlier said at the India-France CEO Forum, that India is expected to get foreign investment of over $100 billion in nuclear energy in the next 20 years, of which a quarter would come from France.

“In the coming two decades, India will see investments in excess of $100 billion in the nuclear power sector alone and I am sure, at least, a quarter, will come from France,” Sharma said.

French nuclear energy majors Areva and Alstom are actively pursuing business interest in India. However, some of the proposed nuclear plants such as Jaitapur in Maharashtra are facing protests from the locals
Source: NDTV

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