New Delhi:- There is a restriction on FDI in India’s nuclear power programme but there is no bar for foreign investments in atomic industries for manufacturing of equipment and related supplies, the government today said.
“Foreign Direct Investment (FDI) in India’s nuclear programme is not allowed.
“However, there is no restriction on FDI in the nuclear industries for manufacturing of equipment and providing other supplies for nuclear power plants and other related facilities,” Jitendra Singh, Minister of State in Prime Minister’s Office (PMO) which looks after the Department of Atomic Energy, said in a written reply to a question in Rajya Sabha.
Responding to another question, Singh said attempts are being made for localisation of manufacturing in India.
He said a ‘Programme of Action’ for localisation of manufacturing in India for Russia-designed nuclear power plants was signed between Department of Atomic Energy (DAE) and Russia’s Atomic Energy Corporation ‘ROSATOM’ on December 24, 2015.
“Under the programme, both sides agreed to take time-bound specific steps towards finalising the details, including those related to transfer of technology, in consultation with Russian technology providers and Indian manufacturers for commencement of localisation in India.
“While construction, equipment erection and commissioning are in the Indian scope, supply of major equipment is in the Russian scope. Some of the equipment is also sourced from within the country. It is planned to progressively increase the share of indigenous supplies in future units to be set up at Kudankulam,” Singh added.
PTI
