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Economic Times
3 days ago
- Business
- Economic Times
India targeting tenfold rise in nuclear energy by 2047: PM Modi
Synopsis PM Modi announced from the Red Fort on Independence Day that India is rapidly developing 10 new nuclear reactors and aims to increase its nuclear energy capacity tenfold by 2047. Highlighting energy self-reliance, he noted major reforms in the nuclear sector, a 30-fold rise in solar capacity over 11 years, expansion of hydropower through new dams, and significant investment in the Hydrogen Mission. PTI Prime Minister Narendra Modi on Friday said India is rapidly working on 10 new nuclear reactors and has pledged to increase its nuclear energy capacity tenfold. Addressing the nation from the ramparts of the Red Fort on Independence Day, he said India is taking major initiatives in the field of nuclear energy while keeping the energy needs of the future in mind. "Work is progressing rapidly on 10 new nuclear reactors and, by 2047, we have pledged to increase our nuclear energy capacity tenfold... We are bringing major reforms in the nuclear energy sector," he said. ALSO READ: India to build 'Sudarshan Chakra' defence system to shield key national sites: PM Modi "In the field of energy, we all know that we are heavily dependent on many countries for our energy needs whether it is petrol, diesel or gas... We have to spend billions of rupees to import them. It is very important to make the country self-reliant in this regard," Modi said. ALSO READ: Independence Day: PM Modi slams Pakistan, announces 'Sudarshan Chakra' defence system and promises GST Diwali giftThe prime minister said that in the past 11 years, solar energy capacity has increased 30-fold."We are building new dams so that hydropower can be expanded and clean energy can be made available," he added that India is also investing thousands of crores of rupees in the Hydrogen Mission.
Time of India
3 days ago
- Business
- Time of India
India targeting tenfold rise in nuclear energy by 2047: PM Modi
Prime Minister Narendra Modi on Friday said India is rapidly working on 10 new nuclear reactors and has pledged to increase its nuclear energy capacity tenfold. Independence Day 2025 Op Sindoor to water cutoff: PM Modi slams Pak in I-Day speech GST reforms by Diwali to cut daily-use taxes: PM Modi Terrorism, tech, more: PM's I-Day speech highlights Addressing the nation from the ramparts of the Red Fort on Independence Day, he said India is taking major initiatives in the field of nuclear energy while keeping the energy needs of the future in mind. "Work is progressing rapidly on 10 new nuclear reactors and, by 2047, we have pledged to increase our nuclear energy capacity tenfold... We are bringing major reforms in the nuclear energy sector," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mountain Gear for Extreme Conditions Trek Kit India Learn More Undo ALSO READ: India to build 'Sudarshan Chakra' defence system to shield key national sites: PM Modi "In the field of energy, we all know that we are heavily dependent on many countries for our energy needs whether it is petrol, diesel or gas... We have to spend billions of rupees to import them. It is very important to make the country self-reliant in this regard," Modi said. Live Events ALSO READ: Independence Day: PM Modi slams Pakistan, announces 'Sudarshan Chakra' defence system and promises GST Diwali gift The prime minister said that in the past 11 years, solar energy capacity has increased 30-fold. "We are building new dams so that hydropower can be expanded and clean energy can be made available," he said. He added that India is also investing thousands of crores of rupees in the Hydrogen Mission.
Time of India
3 days ago
- Business
- Time of India
India working on 10 new nuclear reactors, targets tenfold capacity rise by 2047: PM Modi
New Delhi: Prime Minister Narendra Modi on Friday said India is rapidly working on 10 new nuclear reactors and has set a target to increase the country's nuclear energy capacity tenfold by 2047. In his Independence Day address from the Red Fort, Modi said the government is taking major initiatives in the nuclear sector to meet the country's future energy requirements. 'Work is progressing rapidly on 10 new nuclear reactors and, by 2047, we have pledged to increase our nuclear energy capacity tenfold... We are bringing major reforms in the nuclear energy sector,' he said. The prime minister said the country remains dependent on other nations for petrol, diesel and gas, and spends billions of rupees on imports. He stressed the need to make India self-reliant in the energy sector. Highlighting the growth in renewables, Modi said solar energy capacity has risen 30 times in the past 11 years. He also mentioned efforts to build new dams for hydropower expansion and investments worth thousands of crores in the Hydrogen Mission. Modi said the nuclear energy sector has been opened to private participation. According to government sources, India plans to end the state monopoly over uranium mining, imports and processing, while retaining control over reprocessing of spent uranium and management of plutonium waste. The government aims to attract investment and allow foreign players to take minority stakes in nuclear power plants. If the 2047 target is met, nuclear power is expected to contribute about 5 per cent of the country's total electricity supply, according to official estimates.
Time of India
3 days ago
- Business
- Time of India
India targeting tenfold rise in nuclear energy by 2047: PM Modi
New Delhi: Prime Minister Narendra Modi on Friday said India is rapidly working on 10 new nuclear reactors and has pledged to increase its nuclear energy capacity tenfold. Addressing the nation from the ramparts of the Red Fort on Independence Day, he said India is taking major initiatives in the field of nuclear energy while keeping the energy needs of the future in mind. "Work is progressing rapidly on 10 new nuclear reactors and, by 2047, we have pledged to increase our nuclear energy capacity tenfold... We are bringing major reforms in the nuclear energy sector," he said. "In the field of energy, we all know that we are heavily dependent on many countries for our energy needs whether it is petrol, diesel or gas... We have to spend billions of rupees to import them. It is very important to make the country self-reliant in this regard," Modi said. The prime minister said that in the past 11 years, solar energy capacity has increased 30-fold. "We are building new dams so that hydropower can be expanded and clean energy can be made available," he said. He added that India is also investing thousands of crores of rupees in the Hydrogen Mission.
New Indian Express
3 days ago
- Business
- New Indian Express
India targeting tenfold rise in nuclear energy by 2047: PM Modi on I-Day
NEW DELHI: Prime Minister Narendra Modi on Friday said India is rapidly working on 10 new nuclear reactors and has pledged to increase its nuclear energy capacity tenfold. Addressing the nation from the ramparts of the Red Fort on Independence Day, he said India is taking major initiatives in the field of nuclear energy while keeping the energy needs of the future in mind. "Work is progressing rapidly on 10 new nuclear reactors and, by 2047, we have pledged to increase our nuclear energy capacity tenfold... We are bringing major reforms in the nuclear energy sector," he said. "In the field of energy, we all know that we are heavily dependent on many countries for our energy needs whether it is petrol, diesel or gas... We have to spend billions of rupees to import them. It is very important to make the country self-reliant in this regard," Modi said. The prime minister said that in the past 11 years, solar energy capacity has increased 30-fold. "We are building new dams so that hydropower can be expanded and clean energy can be made available," he said. He added that India is also investing thousands of crores of rupees in the Hydrogen Mission.
