India’s cabinet has approved sweeping reforms to open the civil nuclear sector to private participation and fully liberalize insurance for foreign investors. The SHANTI Bill enables private roles across the nuclear value chain, while insurance FDI is proposed at 100%. The moves aim to attract capital, technology, and accelerate growth
India’s Union Cabinet has cleared a landmark package to liberalize two strategic sectors. In atomic energy, the SHANTI Bill (Atomic Energy Bill, 2025) allows private and global companies into areas such as exploration of atomic minerals, fuel fabrication, and equipment manufacturing, ending decades of state exclusivity as India targets 100 GW nuclear capacity by 2047
Key highlights
• Notable updates: Cabinet approved the SHANTI Bill, creating a unified framework for private participation across parts of the nuclear value chain
• Major takeaways: Insurance liberalization includes a proposal for 100% FDI, up from 74%, to attract global capital and expertise
• Important points: Nuclear reforms aim to overcome liability constraints and invite foreign technology suppliers to support India’s 2047 capacity goals
• Strategic context: Reforms align with climate targets by expanding baseload clean power while broadening financial intermediation via insurance
• Market angle: Policies are expected to unlock billions in investment across both sectors, spurring infrastructure, jobs, and innovation
Sources: The Hindu; Firstpost; Business Recorder; The Economic Times