India Wants More Nuclear

Installed nuclear power capacity to increase by 200% by 2031

India's nuclear sector has just undergone its most consequential transformation in six decades. The passage of the SHANTI Act in December 2025 dismantled the state monopoly, capped operator liability in line with global standards, and opened the door to private and foreign equity of up to 49% in nuclear projects. For the first time, international stakeholders can engage India's nuclear market on commercially viable terms.

The destination is clear: 100 GW of nuclear capacity by 2047, tripling installed capacity to 22,480 MW by 2031–32 as the immediate milestone. The total investment required exceeds USD 214 billion — and the architecture to deploy it is now in place.

Map of India showing 7 locations where nuclear reactors operate, with details on reactor types and capacities, including Rawatbhata, Kakrapar, Tarapur, Kaiga, Kalpakkam, Narora, and Kudankulam, with a total capacity of 8.78 GW.

India offers business opportunities across the entire nuclear plant lifecycle

As India's economy accelerates toward its $35 trillion vision, energy demand is surging — and nuclear has moved to the top of the national agenda as the only viable zero-carbon baseload alternative to coal. The numbers tell the story: 8.78 GW of installed capacity today, over 13.6 GW in construction and pre-project stages, and a 100 GW target by 2047 that demands sustained investment on a scale India has never before attempted.

The SHANTI Act has fundamentally rewritten the rules of engagement. Private Indian conglomerates — including industrial giants in steel, aluminium, and data centres — are now authorised to fund, build, and operate nuclear assets as a new "User" category. The $26 billion Bharat Small Reactor (BSR) programme, backed by an initial government outlay of $2.4 billion, is creating a plug-and-play market for international component manufacturers, digital system integrators, and advanced technology providers.

Beyond SMRs, strategic openings span the full value chain: precision manufacturing of reactor internals, specialised sensors, advanced cooling systems, hydrogen co-generation, nuclear fuel supply, and lifecycle services. The Union Budget 2026–27 has further removed customs duties on critical nuclear imports until 2035, directly lowering the cost of market entry for international suppliers.

India is not just the world's fastest-growing major economy — it is now the world's most consequential newly opened nuclear market. For international firms, the question is no longer whether to engage, but how quickly.

India NBP 2026

16-17 June 2026

Mumbai, India
Hosted by Nuclear Business Platform Event Partners: Tata, Adani

Now in its 7th edition, the India Nuclear Business Platform (INBP 2026) takes place on 16–17 June 2026 in Mumbai — the first major international nuclear gathering since the SHANTI Act became law. Supported by Industry Partners Adani Group and Technical Partners Tata Power, INBP 2026 moves past policy debate to focus on commercial execution: how international vendors, investors, and EPC firms can access India's newly liberalised nuclear market and forge the partnerships that will define the next decade of Indian nuclear development.

India Nuclear Industry Report

The most consequential year in India's nuclear history demands a new reference document. The 2026 edition of this 87-page report covers the transformed post-SHANTI Act landscape in full — written for international companies that need to act now, not monitor from a distance.

Key topics covered in this report include:

  • The SHANTI Act, 2025: what changed, what it means commercially, and what remains unresolved

  • PFBR first criticality (6 April 2026): India enters Stage 2 of its three-stage programme

  • India's 100 GW nuclear target: the pipeline, the investment, the timeline

  • The BSR programme: six industrial giants, 16 sites, and the entry point for international suppliers

  • The nuclear delivery ecosystem: NTPC, EIL, JVs, and the new project vehicles

  • Fuel, regulation, and safety readiness for the next phase

  • International partnerships: Westinghouse, EDF, Rosatom and what the SHANTI Act unlocks

  • Financing, liability, and insurance — the hidden constraint on scale-up

  • India's advanced nuclear pathway: fast breeders, thorium, and next-generation reactors

Fill in the form below to receive a sample copy of the report.

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