India Addresses Financing and Workforce for Nuclear Expansion
Officials and industry executives in India have called for a review of financing rules and the development of a stronger talent pipeline to support the country's goal of expanding nuclear power capacity to 100 gigawatts (GW) by 2047. This expansion is projected to require nearly $210 billion in investment.
Abhay Karandikar, a member of NITI Aayog, noted that India's sovereign green bond framework, green deposit, and financing rules currently do not cover nuclear investments and need to be reviewed. The shortage of specialized education and training is a significant concern, with a recognized lack of nuclear courses in educational institutions.
To address these challenges, France's EDF has initiated certification programs with vendors in India, with plans for further expansion to foster a local nuclear supply chain. NITI Aayog has also established a committee to explore methods for expanding India's nuclear expertise across all levels, from technicians to research and development.