Finance Minister Nirmala Sitharaman Unveils 100 GW Nuclear Energy Target By 2047 In 2025-26 Budget
(MENAFN- KNN India)
New Delhi, Feb 1 (KNN) In her 8th consecutive Budget for the fiscal year 2025-26, Finance Minister Nirmala Sitharaman made a significant announcement, targeting 100 gigawatts (GW) of nuclear energy capacity by 2047.
This ambitious goal is part of the government's strategy to expand the nation's clean energy sector, with a focus on reducing carbon emissions and enhancing energy security.
As part of the proposal, Sitharaman also revealed plans to amend the Atomic Energy Act, which is expected to open up new avenues for investment and innovation in the nuclear energy space.
This move is viewed as a positive development for the capital goods sector, particularly companies involved in manufacturing and infrastructure related to energy production.
The amendment to the Atomic Energy Act is expected to attract more private sector participation and improve the ease of doing business in the nuclear energy domain.
It aims to create an enabling environment for the growth of the sector, while ensuring safety and sustainability in nuclear energy projects.
The target of 100 GW by 2047 aligns with India's long-term strategy to diversify its energy mix and achieve net-zero emissions by 2070.
This initiative is likely to boost technological advancements, job creation, and foreign investment in the coming years.
Industry experts have welcomed the announcement, with many citing the potential for growth in the capital goods and infrastructure sectors, which will play a critical role in achieving the government's nuclear energy goals.
(KNN Bureau)
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