Nuclear technology has a symbiotic relationship with various sectors of healthcare, agriculture, and consumer products in the Indian context. With a spotlight on nuclear medicine, agricultural advancements, and radioisotope-integrated consumer products, it aims to illuminate the multifaceted applications of nuclear energy and the opportunities it presents for international companies entering the Indian market.

India has a unique opportunity to play a pivotal role in strengthening the international nuclear supply chain, offering its Pressurized Heavy Water Reactor (PHWR) technology as a beacon for other nations seeking to adopt nuclear energy. While 'Make in India' has seen success across various sectors, the nuclear domain has yet to witness significant traction. India's PHWR technology, however, holds immense potential not only as a cost-effective solution but also as a catalyst for global nuclear growth.

India's vast and diverse landscape is set to undergo a significant energy transformation. The country's energy market is grown for innovation, and nuclear microreactors present a promising technology that could revolutionize the sector. Nuclear microreactors are very small reactors usually generating less than 30 MWe. With their compact size, high efficiency, and low carbon emissions, these power sources are an ideal solution to address India's urgent energy challenges. In this report, we explore the potential applications of nuclear microreactors in India and the lucrative business opportunities they offer.

The Indian Artificial Intelligence (AI) market is forecasted to reach 7.8 billion USD by 2025, and organizations are leveraging AI with vision, edge computing, real-time tracking, and Industrial Revolution 4.0 to create sophisticated and unique solutions. This underscores the possibility of a technological revolution in the Indian nuclear energy industry by incorporating AI. India has set ambitious goals to generate 9% of its electricity from nuclear sources by 2047. This aspiration underscores the pivotal role that AI can play in advancing nuclear energy capabilities to meet the nation's sustainable energy objectives.

Nuclear energy plays a pivotal role in India's energy landscape, contributing approximately 3% of the country's total electricity generation. India has set ambitious goals, aiming to generate 9% of its electricity from nuclear sources by 2047. Vinay Khanduri, NBP’s Head of India sheds light on the burgeoning Indian nuclear energy market and its immense potential for growth and investment.

India is known for its insatiable need for energy, and India can soon set forth on an ambitious journey characterized by innovation and indigenous development within its nuclear power sector. This article aims to explore the array of opportunities and strategic initiatives that this trajectory offers, encompassing economic expansion, employment generation, technological advancements, self-sufficiency attainment, bolstering of national security, and more.

To support this nuclear scale-up through SMRs, global collaboration is an essential element. Senior Officials from Indian establishment made it amply clear that India urgently require quick deployment of SMRs in the country and will be evaluating deployment capability for different SMR designs based on following key features and key parameters. Learn more on the key parameters which is India looking for.

India has set its sights on nuclear energy to meet its future energy needs. The nation has set an ambitious target of producing 9% of its electricity from nuclear sources by 2047, additionally aiming to achieve net-zero emissions by 2070. Nuclear power has the potential to offer consistent baseload power while reducing carbon emissions, making it a crucial player in India's energy landscape. To drive the adoption of nuclear power, it is important to take a comprehensive and strategic approach. Additionally, we must consider how nuclear business companies can participate in the Indian nuclear sector.

There are certain inhibitions and hesitations of global suppliers to do business in the Indian nuclear market, particularly arising out of liability issues. But is liability really a concern for suppliers or a roadblock for them? It’s quite pertinent to understand, demystify and debunk the liability doubts to give way for advancing business collaboration in the Indian market. We look at 15 key points for international suppliers to bear in mind on the subject of liability.

Recently, India’s premier think tank Vivekananda International Foundation (VIF) and IIT Bombay came out with a very interesting and well-researched comprehensive report on ‘India’s Energy Transition in a Carbon Constrained World’. VIF and IIT Bombay formed a joint task force to carry out a comprehensive research to study the critical requirements and implications of India’s energy transition, The report aims to establish the cost-effective ways for reaching net zero by 2070 and assesses economic and financial implications of energy transition while exercising different options to do so.

With the Indian government keen to add more nuclear capacity through both indigenous and foreign technology coupled with South Korea ambitions to export more nuclear reactors, this could be a perfect area for enhanced cooperation in the civil nuclear sector.