He acknowledged that India’s implementation of the SHANTI Act allows investments in the nuclear energy sector, emphasizing that India and the US can collaborate to bolster energy security.
Earlier, Union Minister of Power and Housing & Urban Affairs, ML Khattar, alongside Minister of State (Independent Charge) for Science & Technology and Minister of State in the DAE (Department of Atomic Energy), Dr. Jitendra Singh, engaged in discussions with the visiting US Nuclear Executive Mission delegation organized by the USISPF and the NEI (Nuclear Energy Institute).
The talks centered on enhancing India-US partnership in the nuclear energy sector, focusing on lowering financing costs, streamlining construction timelines, and supporting long-term energy security objectives.
The Ministry of Power shared on X, “India reaffirmed its dedication to affordable, reliable, and safe nuclear power, adhering to the highest standards of safety, security, and regulatory oversight as it moves toward a vision of 100 GW nuclear capacity by 2047.”
Former Indian Ambassador to the US and ex-Foreign Secretary, Harshvardhan Shringla, described the adoption of the Shanti Bill as a significant milestone aimed at attracting both domestic and foreign investments.
In a conversation with CNBC-TV18 during an event in New Delhi, he noted that aligning closely with the Paris Convention has reassured investors regarding nuclear liability, adding that the established ground rules will align with India’s efforts to attract both domestic and foreign capital.
He asserted that nuclear energy will play a crucial role in the energy mix to lessen dependency on fossil fuels, providing a stable power supply for 24/7 operations of advanced technologies, artificial intelligence, LLMs, data centers, and global capacity centers. He highlighted the importance of securing energy supplies from diverse regions.
Indicating that the West Asia crisis has underscored the dangers of overreliance on a single region, he mentioned that imports from Australia, Russia, West Asia, Africa, and the Americas are vital, stressing the need for a diversified approach to sourcing imports.
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(Edited by : Navneet Singh)
