News Desk
NEW DELHI—In a bold move toward a cleaner energy future, India’s Finance Minister Nirmala Sitharaman unveiled an ambitious Nuclear Energy Mission while presenting the Union Budget for 2025. The initiative sets a target of developing at least 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with the country’s broader vision of becoming a developed nation under the “Viksit Bharat” (Developed India) initiative.
“Nuclear Energy Mission for Viksit Bharat—development of at least 100 GW of nuclear energy by 2047 is essential for our energy transition efforts,” Sitharaman said in her budget speech.
To facilitate this monumental shift, the Indian government plans to amend key legislation, including the Atomic Energy Act and the Civil Liability for Nuclear Damage Act, opening the sector to greater private participation. Currently, India’s nuclear energy production is almost entirely managed by government-run entities, but policymakers believe that private sector involvement will accelerate project development and significantly boost clean energy generation.
A key focus of the initiative is the development of Small Modular Reactors (SMRs)—a new generation of compact, scalable nuclear reactors that promise cost-effective and efficient power solutions. Sitharaman announced an allocation of ₹20,000 crore (approximately $2.4 billion) for research and development in SMRs, with at least five indigenously designed reactors expected to be operational by 2033.
“As part of the Nuclear Energy Mission for Research and Development, at least five indigenously developed small modular nuclear reactors will be operationalized by 2033,” Sitharaman stated, emphasizing India’s commitment to nuclear innovation.
The move signals a major shift in India’s energy policy, reinforcing nuclear power as a cornerstone of its strategy to reduce dependence on fossil fuels. With coal still accounting for a significant share of the country’s electricity generation, nuclear energy offers a reliable, low-carbon alternative to meet the demands of India’s fast-growing economy.
By setting a target of 100 GW of nuclear capacity by 2047, India is positioning itself as a global leader in nuclear energy, showcasing its commitment to technological advancement and environmental sustainability. The initiative is expected to not only enhance energy security but also contribute significantly to global efforts in combating climate change.
With this announcement, India underscores its role as a key player in the global clean energy transition—an economy that is growing rapidly while charting a sustainable and resilient energy future.
