Budget 2024 Unveils India's Nuclear Sector with Small Reactor Plans

New Delhi, Jul 23 (KNN) In her Union Budget speech for 2024, Finance Minister Nirmala Sitharaman revealed a significant initiative to advance India's nuclear energy sector.

The government plans to partner with private industry to develop small and modular nuclear reactors, marking a new direction in the country's energy policy.

The budget outlines a comprehensive approach to nuclear energy development, focusing on the establishment of Bharat small reactors, research and development of Bharat small modular reactors, and exploration of cutting-edge nuclear energy technologies.

This collaborative effort between the public and private sectors aims to boost India's nuclear capabilities and foster innovation in the field.

Small and modular reactors are gaining attention globally for their potential to provide cleaner energy with reduced construction time and costs compared to traditional large-scale nuclear plants.

By including this initiative in the national budget, the government signals its commitment to diversifying India's energy mix and potentially positioning the country as a significant player in the evolving landscape of nuclear technology.

This move could have far-reaching implications for India's energy independence, technological advancement, and economic growth in the coming years.

The partnership between government and private enterprises is expected to accelerate progress in nuclear energy development, potentially opening new avenues for research, job creation, and sustainable power generation across the country.

(KNN Bureau)