India's nuclear energy just got a private boost
Big news: India is planning to let private companies invest in nuclear power, something only the government could do until now.
PM Modi says this shift will help ramp up nuclear energy from 8,000 MW to a much bigger 22,480 MW by 2032.
It's a move inspired by how opening up the space sector brought in fresh ideas (and cash) from private players.
How it'll work—and who's excited
Private firms could be allowed to join greenfield nuclear projects and even partner with the government on big reactors under the proposed framework, but official oversight stays strong.
The government has already chatted with major Indian names like Tata and Reliance, plus global giants like EDF and Rosatom.
Investors seem pumped—shares of companies like L&T, BHEL, and Walchandnagar Industries jumped up to 8% after the news dropped.
This could lead to faster projects and more jobs down the line, according to expectations for private sector involvement.