The waiver given to the Indo-US N-Deal by the Nuclear Supply Group is truly a global opportunity. As India opens its doors for nuclear trade, it will generate worldwide business worth $40 billion, allow Indian companies to supply components to foreign N-plant makers, offer power-generation opportunities to Indian firms and increase the nuclear power level in the country to 52,000 megawatt by 2020 from the present 4120 megawatt,.
India will set up 24 imported civilian nuclear light-water reactors along its coasts in the next 11 to 15 years. Apart from countries like the US, France and Russia, more vendors will now be knocking at India’s atomic door for a share in Rs 2.4 lakh crore projects.
The French nuclear major, Areva has already set up an office in Mumbai, waiting to begin formal business discussions with the Nuclear Power Corporation of India.