The government has stated that no decision has been taken on allowing foreign direct investment (FDI) in nuclear power sector. However, it pointed out that there are no restrictions on FDI in the industries manufacturing equipment and providing supplies to atomic power plants and related facilities.
The present Consolidated FDI Policy April, 2014 puts atomic energy in the list of prohibited sectors. Earlier, Indian economic survey 2008-09 had suggested allowing FDI in nuclear power generation sector with a cap of 49 per cent.
Further, the government cleared that amendments to the Atomic Energy Act of 1962 are under consideration to enable Nuclear Power Corporation of India (NPCIL) to enter into joint ventures for setting up nuclear power plants (NPPs).
At present, India's power production installed capacity stands at around 248 GW out of which nuclear plants account for about 2 per cent of total installed capacity. Currently, there are around twenty-one nuclear power plants in India. India aims to aims to supply 25 per cent of electricity from nuclear power by 2050 and set a vision of becoming a world leader in nuclear technology due to its expertise in fast reactors and thorium fuel cycle.
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