India Opens Nuclear Energy Sector to Small Entrepreneurs Under Shanti Act
India's Shanti Act aims to create opportunities for both large and small players in the nuclear energy sector, facilitating economic growth and clean energy integration. Union Minister Jitendra Singh announced that regulatory reforms will encourage participation from small businesses and entrepreneurs, enabling them to establish small reactors with limited liability. He emphasized the importance of nuclear energy for future power demands and highlighted India's progress in innovation and startup growth while aligning with sustainability goals.
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The Shanti Act in India is set to open the nuclear energy sector to small enterprises and entrepreneurs, with Union Minister Jitendra Singh highlighting its potential to integrate economic growth with clean energy. The act encourages broader participation through regulatory reforms, allowing small reactor installations with a liability cap of Rs 1,000 crore.
Singh noted the critical role of nuclear energy for future demands, especially in data centers and AI sectors. He also discussed India's transformation over the past decade, the growth of startups, and the importance of aligning economic growth with environmental sustainability, including commitments to a circular economy and net-zero targets for 2070.
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