India's SHANTI Act Opens Nuclear Sector

India's nuclear industry is undergoing a significant transformation, shifting from a state-led model to a more open, market-oriented ecosystem. This change is primarily driven by the SHANTI Act, 2025 (2025), which allows private participation in nuclear power generation while the government retains control over strategic areas like fuel cycles. A white paper by India — YSR Congress Party highlights India's ambitious target of achieving 100 GW of nuclear capacity by 2047, a tenfold increase from its current 9 GW, requiring an estimated $210 billion in capital. This expansion presents multi-layered opportunities across the value chain, including large-scale grid-connected plants, industrial reactors, engineering, construction, component manufacturing, and advanced reactor development. The reform is seen as a crucial step in India's nuclear sector privatization efforts, aiming to support grid stability and industrial decarbonization as part of the energy transition.