Asis Bizz: Civil Nuclear Bill Approved By The Indian Parliament
Civil Nuclear Bill : The India Parliament approved the Civil Nuclear Bill which would allow private companies to invest in India’s nuclear power market.
The Indian atomic power market is open to private companies now, India has an enormous need for energy supply. The only step left now is India’s President to sign the Bill for it to come into law. This would be the last formality left.
As India had signed a Non-Proliferation Treaty the country for more than three decades was barred for trade into civilian atomic technology.
Manmohan Singh, the President of India said that, the most cost effective way for India to reach its energy needs is through nuclear power.
Out of the energy supply that India has at this time, only around 3% of the energy is produced by nuclear power. The Civil Nuclear Bill will help India change that situation.