Govt to open Nuclear Energy Sector for FDI

Government will open nuclear energy sector to foreign direct investment (FDI). India expects to attract foreign investment of over $100 billion in nuclear energy in the next 20 years. One-fourth of the above investment is expected to come from France. French nuclear energy companies like Areva and Alstom are in an active manner pursuing business interest in India. The policy on FDI in nuclear energy is still to be evolved and the final decision has still to be taken.

Month: Current Affairs - June, 2012