Foreign firms make a beeline for India | india | Hindustan Times
Today in New Delhi, India
Dec 09, 2016-Friday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Foreign firms make a beeline for India

india Updated: Nov 12, 2006 14:52 IST
Highlight Story

The civilian nuclear deal with the US is still not through but firms from Nuclear Suppliers' Group countries are already lining up for a possible share in the sweepstakes in the field of atomic energy in India.

American, French and Canadian industries are showing a lot of interest in making India a hub for light water nuclear-power related material and equipment, according to senior government officials who are in the know of things.

Officials from foreign energy firms are frequent visitors to Nuclear Power Corporation of India Limited here and other Indian industries, as the Indo-US nuclear civilian nuclear energy cooperation deal is expected to come up in the 'lame-duck' session of the Senate which begins on Monday.

Light water nuclear power reactors use low enriched uranium as fuel and ordinary (sea) water as the coolant.

India requires at least 25-30 nuclear power plants of 1,000 MW each over the next three decades to meet the target of 65,000 MW of nuclear energy envisaged by the Energy Committee.

Top officials from American firms like General Electric (GE) and some French and Canadian companies have been visiting India for the past few weeks to explore opportunities and get feedback to make their future strategy anticipating that the deal will come through by Wednesday or Thursday.

NPCIL chairman and Managing Director SK Jain said that the industry representatives are also meeting the Atomic Energy Regulatory Board to understand India's regulatory mechanism.

tags