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<p data-end="430" data-start="90">India’s nuclear energy sector is once again attracting global attention after the proposed SHANTI Act opened the door for greater foreign participation and private investment. The move has triggered fresh interest from American nuclear companies, many of which are now exploring long-term partnerships and investment opportunities in India.</p>
<p data-end="776" data-start="432">The renewed momentum comes nearly two decades after the landmark Indo-US Civil Nuclear Agreement, which was expected to transform India’s nuclear power landscape. While progress remained slow for years due to liability concerns and regulatory uncertainty, the latest policy shift is now being viewed as a potential turning point for the sector.</p>
<p data-end="951" data-start="778">At present, nearly 20 US nuclear companies are in New Delhi to explore opportunities linked to India’s ambitious plan to expand its nuclear power capacity to 100 GW by 2047.</p>
<h2 data-end="979" data-section-id="uiwgy4" data-start="953"><strong>What is the SHANTI Act?</strong></h2>
<p data-end="1136" data-start="981">The proposed SHANTI Act is aimed at easing concerns that foreign nuclear suppliers and private companies had regarding India’s nuclear liability framework.</p>
<p data-end="1384" data-start="1138">For years, global companies remained cautious because of provisions under the Civil Liability for Nuclear Damage Act, 2010. Foreign suppliers argued that the law exposed them to significant legal and financial risks in case of a nuclear accident.</p>
<p data-end="1677" data-start="1386">The SHANTI Act seeks to create a more investment-friendly framework by simplifying rules related to supplier liability and allowing greater private sector participation. Industry experts believe the changes could make India one of the world’s most attractive emerging nuclear energy markets.</p>
<blockquote><p dir="ltr" lang="en" xml:lang="en">Great to have <a href="https://twitter.com/NEI?ref_src=twsrc%5Etfw">@NEI</a> visiting India this week for discussions on advancing U.S.-India civil nuclear cooperation. American companies bring decades of proven, safe, and secure nuclear expertise to help India achieve its ambitious 100 GW nuclear capacity target by 2047, especially as… <a href="https://t.co/0QRG4utsJz">pic.twitter.com/0QRG4utsJz</a></p>
<p>— U.S. Embassy India (@USAndIndia) <a href="https://twitter.com/USAndIndia/status/2056726529351336039?ref_src=twsrc%5Etfw">May 19, 2026</a></p></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><h2 data-end="1725" data-section-id="f6o7ul" data-start="1679"><strong>Why US companies are showing fresh interest</strong></h2>
<p data-end="1901" data-start="1727">American nuclear firms now see India as more than just a buyer of equipment. Instead, they are looking at long-term manufacturing, localisation and supply chain partnerships.</p>
<p data-end="2196" data-start="1903">Maria Korsnick, President and CEO of the Washington-based Nuclear Energy Institute, said US companies would not have shown such strong interest if they were not satisfied with the direction of the new law. According to her, the development could mark a new phase in Indo-US energy cooperation.</p>
<p data-end="2471" data-start="2198">The industry, however, is closely watching the rules and implementation framework that will follow the legislation. Nuclear projects require massive investment and long construction timelines, making regulatory clarity extremely important for companies entering the sector.</p>
<h2 data-end="2505" data-section-id="1dfkxbq" data-start="2473"><strong>India’s 100 GW nuclear target</strong></h2>
<p data-end="2703" data-start="2507">India currently has nearly 8 GW of installed nuclear power capacity. The government now wants to increase this to 100 GW by 2047 as part of its long-term clean energy and energy security strategy.</p>
<p data-end="2962" data-start="2705">The expansion is being driven by rising electricity demand, industrial growth and India’s net-zero commitments. Nuclear energy is increasingly being viewed as a stable low-carbon power source that can support renewable energy systems such as solar and wind.</p>
<p data-end="3113" data-start="2964">Union Minister Jitendra Singh recently said India and the US are entering a new phase of cooperation in clean energy and advanced technology sectors.</p>
<h2 data-end="3162" data-section-id="24ekoo" data-start="3115"><strong>Westinghouse eyes long-pending India project</strong></h2>
<p data-end="3344" data-start="3164">Among the companies showing renewed interest is Westinghouse Electric Company, which has been attempting to develop the Kovvada Nuclear Project in Andhra Pradesh for several years.</p>
<p data-end="3527" data-start="3346">Dan Lipman, President of Global Business Initiatives at Westinghouse, said India’s updated liability framework has become “much more workable” for international business operations.</p>
<p data-end="3650" data-start="3529">The company hopes the improved policy environment could revive discussions around deploying its AP1000 reactors in India.</p>
<h2 data-end="3689" data-section-id="1g2q2la" data-start="3652"><strong>Why cost remains a major challenge</strong></h2>
<p data-end="3822" data-start="3691">Despite growing foreign interest, international companies may still face tough competition from India’s domestic nuclear ecosystem.</p>
<p data-end="4094" data-start="3824">India has significantly strengthened its indigenous nuclear capabilities over the past two decades. Its 700 MW Pressurised Heavy Water Reactors (PHWRs) are now largely built using domestic technology and supply chains, helping reduce costs and improve execution control.</p>
<p data-end="4325" data-start="4096">Industry estimates suggest nuclear projects in India cost around Rs 20 crore per megawatt. Foreign firms will therefore need to prove that their technologies can offer advantages in cost, efficiency, safety and project timelines.</p>
<p data-end="4429" data-start="4327">Experts say the real test for new technologies will come only after projects begin operating at scale.</p>
<h2 data-end="4484" data-section-id="1sx04sh" data-start="4431"><strong>Small Modular Reactors attracting global attention</strong></h2>
<p data-end="4621" data-start="4486">Another area drawing attention is Small Modular Reactors (SMRs), which are considered the next major development in nuclear technology.</p>
<p data-end="4875" data-start="4623">SMRs are smaller nuclear reactors that can be built faster and at lower initial costs compared to traditional large-scale plants. Several countries are investing heavily in the technology, although large commercial deployment is still limited globally.</p>
<p data-end="5059" data-start="4877">Industry leaders believe SMRs could eventually play an important role in India’s future energy mix, especially for industrial applications and regions with smaller grid requirements. For India, nuclear energy is no longer only about electricity generation. It is also linked to energy security, clean energy goals, advanced manufacturing and strategic global partnerships.</p>
<p data-end="5667" data-is-last-node="" data-is-only-node="" data-start="5283">The growing interest from American companies signals that India is increasingly being seen as one of the world’s biggest future nuclear markets. However, the success of this opportunity will depend on how effectively the new framework is implemented, how competitive project costs remain and whether long-term trust can be maintained between global partners and the Indian government.</p>
<p data-end="5667" data-is-last-node="" data-is-only-node="" data-start="5283"><strong>Read More: <a href="https://www.zeebiz.com/economy-infra/news-good-news-for-delhi-ncr-commuters-rs-15-lakh-crore-mega-expressways-ring-roads-tunnels-to-make-gurugram-noida-travel-much-faster-395807">Good news for Delhi-NCR commuters: Rs 1.5 lakh crore mega expressways, ring roads, tunnels to make Gurugram, Noida travel much faster</a></strong></p>
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India’s nuclear energy sector is once again attracting global attention after the proposed SHANTI Act opened the door for greater foreign participation and private investment. The move has triggered fresh interest from American nuclear companies, many of which are now exploring long-term partnerships and investment opportunities in India.The renewed momentum comes nearly two decades after the landmark Indo-US Civil Nuclear Agreement, which was expected to transform India’s nuclear power landscape. While progress remained slow for years due to liability concerns and regulatory uncertainty, the latest policy shift is now being viewed as a potential turning point for the sector.At present, nearly 20 US nuclear companies are in New Delhi to explore opportunities linked to India’s ambitious plan to expand its nuclear power capacity to 100 GW by 2047.What is the SHANTI Act?The proposed SHANTI Act is aimed at easing concerns that foreign nuclear suppliers and private companies had regarding India’s nuclear liability framework.For years, global companies remained cautious because of provisions under the Civil Liability for Nuclear Damage Act, 2010. Foreign suppliers argued that the law exposed them to significant legal and financial risks in case of a nuclear accident.The SHANTI Act seeks to create a more investment-friendly framework by simplifying rules related to supplier liability and allowing greater private sector participation. Industry experts believe the changes could make India one of the world’s most attractive emerging nuclear energy markets.Great to have @NEI visiting India this week for discussions on advancing U.S.-India civil nuclear cooperation. American companies bring decades of proven, safe, and secure nuclear expertise to help India achieve its ambitious 100 GW nuclear capacity target by 2047, especially as… pic.twitter.com/0QRG4utsJz— U.S. Embassy India (@USAndIndia) May 19, 2026Why US companies are showing fresh interestAmerican nuclear firms now see India as more than just a buyer of equipment. Instead, they are looking at long-term manufacturing, localisation and supply chain partnerships.Maria Korsnick, President and CEO of the Washington-based Nuclear Energy Institute, said US companies would not have shown such strong interest if they were not satisfied with the direction of the new law. According to her, the development could mark a new phase in Indo-US energy cooperation.The industry, however, is closely watching the rules and implementation framework that will follow the legislation. Nuclear projects require massive investment and long construction timelines, making regulatory clarity extremely important for companies entering the sector.India’s 100 GW nuclear targetIndia currently has nearly 8 GW of installed nuclear power capacity. The government now wants to increase this to 100 GW by 2047 as part of its long-term clean energy and energy security strategy.The expansion is being driven by rising electricity demand, industrial growth and India’s net-zero commitments. Nuclear energy is increasingly being viewed as a stable low-carbon power source that can support renewable energy systems such as solar and wind.Union Minister Jitendra Singh recently said India and the US are entering a new phase of cooperation in clean energy and advanced technology sectors.Westinghouse eyes long-pending India projectAmong the companies showing renewed interest is Westinghouse Electric Company, which has been attempting to develop the Kovvada Nuclear Project in Andhra Pradesh for several years.Dan Lipman, President of Global Business Initiatives at Westinghouse, said India’s updated liability framework has become “much more workable” for international business operations.The company hopes the improved policy environment could revive discussions around deploying its AP1000 reactors in India.Why cost remains a major challengeDespite growing foreign interest, international companies may still face tough competition from India’s domestic nuclear ecosystem.India has significantly strengthened its indigenous nuclear capabilities over the past two decades. Its 700 MW Pressurised Heavy Water Reactors (PHWRs) are now largely built using domestic technology and supply chains, helping reduce costs and improve execution control.Industry estimates suggest nuclear projects in India cost around Rs 20 crore per megawatt. Foreign firms will therefore need to prove that their technologies can offer advantages in cost, efficiency, safety and project timelines.Experts say the real test for new technologies will come only after projects begin operating at scale.Small Modular Reactors attracting global attentionAnother area drawing attention is Small Modular Reactors (SMRs), which are considered the next major development in nuclear technology.SMRs are smaller nuclear reactors that can be built faster and at lower initial costs compared to traditional large-scale plants. Several countries are investing heavily in the technology, although large commercial deployment is still limited globally.Industry leaders believe SMRs could eventually play an important role in India’s future energy mix, especially for industrial applications and regions with smaller grid requirements. For India, nuclear energy is no longer only about electricity generation. It is also linked to energy security, clean energy goals, advanced manufacturing and strategic global partnerships.The growing interest from American companies signals that India is increasingly being seen as one of the world’s biggest future nuclear markets. However, the success of this opportunity will depend on how effectively the new framework is implemented, how competitive project costs remain and whether long-term trust can be maintained between global partners and the Indian government.Read More: Good news for Delhi-NCR commuters: Rs 1.5 lakh crore mega expressways, ring roads, tunnels to make Gurugram, Noida travel much faster

India’s proposed SHANTI Act is expected to ease foreign investment rules in the nuclear sector, drawing strong interest from US companies. The move supports India’s ambitious target of reaching 100 GW nuclear power capacity by 2047 and becoming a global clean energy hub.

What is India’s SHANTI Act? How the country plans to become a global nuclear power hub

news-what-is-india-s-shanti-act-how-the-country-plans-to-become-a-global-nuclear-power-hub-395819

India’s nuclear energy sector is once again attracting global attention after the proposed SHANTI Act opened the door for greater foreign participation and private investment. The move has triggered fresh interest from American nuclear companies, many of which are now exploring long-term partnerships and investment opportunities in India. The renewed momentum comes nearly two decades after the landmark Indo-US Civil Nuclear Agreement, which was expected to transform India’s nuclear power landscape. While progress remained slow for years due to liability concerns and regulatory uncertainty, the latest policy shift is now being viewed as a potential turning point for the sector. At present, nearly 20 US nuclear companies are in New Delhi to explore opportunities linked to India’s ambitious plan to expand its nuclear power capacity to 100 GW by 2047. What is the SHANTI Act? The proposed SHANTI Act is aimed at easing concerns that foreign nuclear suppliers and private companies had regarding India’s nuclear liability framework. For years, global companies remained cautious because of provisions under the Civil Liability for Nuclear Damage Act, 2010. Foreign suppliers argued that the law exposed them to significant legal and financial risks in case of a nuclear accident. The SHANTI Act seeks to create a more investment-friendly framework by simplifying rules related to supplier liability and allowing greater private sector participation. Industry experts believe the changes could make India one of the world’s most attractive emerging nuclear energy markets. Great to have @NEI visiting India this week for discussions on advancing U.S.-India civil nuclear cooperation. American companies bring decades of proven, safe, and secure nuclear expertise to help India achieve its ambitious 100 GW nuclear capacity target by 2047, especially as… pic.twitter.com/0QRG4utsJz — U.S. Embassy India (@USAndIndia) May 19, 2026 Why US companies are showing fresh interest American nuclear firms now see India as more than just a buyer of equipment. Instead, they are looking at long-term manufacturing, localisation and supply chain partnerships. Maria Korsnick, President and CEO of the Washington-based Nuclear Energy Institute, said US companies would not have shown such strong interest if they were not satisfied with the direction of the new law. According to her, the development could mark a new phase in Indo-US energy cooperation. The industry, however, is closely watching the rules and implementation framework that will follow the legislation. Nuclear projects require massive investment and long construction timelines, making regulatory clarity extremely important for companies entering the sector. India’s 100 GW nuclear target India currently has nearly 8 GW of installed nuclear power capacity. The government now wants to increase this to 100 GW by 2047 as part of its long-term clean energy and energy security strategy. The expansion is being driven by rising electricity demand, industrial growth and India’s net-zero commitments. Nuclear energy is increasingly being viewed as a stable low-carbon power source that can support renewable energy systems such as solar and wind. Union Minister Jitendra Singh recently said India and the US are entering a new phase of cooperation in clean energy and advanced technology sectors. Westinghouse eyes long-pending India project Among the companies showing renewed interest is Westinghouse Electric Company, which has been attempting to develop the Kovvada Nuclear Project in Andhra Pradesh for several years. Dan Lipman, President of Global Business Initiatives at Westinghouse, said India’s updated liability framework has become “much more workable” for international business operations. The company hopes the improved policy environment could revive discussions around deploying its AP1000 reactors in India. Why cost remains a major challenge Despite growing foreign interest, international companies may still face tough competition from India’s domestic nuclear ecosystem. India has significantly strengthened its indigenous nuclear capabilities over the past two decades. Its 700 MW Pressurised Heavy Water Reactors (PHWRs) are now largely built using domestic technology and supply chains, helping reduce costs and improve execution control. Industry estimates suggest nuclear projects in India cost around Rs 20 crore per megawatt. Foreign firms will therefore need to prove that their technologies can offer advantages in cost, efficiency, safety and project timelines. Experts say the real test for new technologies will come only after projects begin operating at scale. Small Modular Reactors attracting global attention Another area drawing attention is Small Modular Reactors (SMRs), which are considered the next major development in nuclear technology. SMRs are smaller nuclear reactors that can be built faster and at lower initial costs compared to traditional large-scale plants. Several countries are investing heavily in the technology, although large commercial deployment is still limited globally. Industry leaders believe SMRs could eventually play an important role in India’s future energy mix, especially for industrial applications and regions with smaller grid requirements. For India, nuclear energy is no longer only about electricity generation. It is also linked to energy security, clean energy goals, advanced manufacturing and strategic global partnerships. The growing interest from American companies signals that India is increasingly being seen as one of the world’s biggest future nuclear markets. However, the success of this opportunity will depend on how effectively the new framework is implemented, how competitive project costs remain and whether long-term trust can be maintained between global partners and the Indian government. Read More: Good news for Delhi-NCR commuters: Rs 1.5 lakh crore mega expressways, ring roads, tunnels to make Gurugram, Noida travel much faster