India Announces Major Initiatives for Nuclear Energy Development
Finance Minister Nirmala Sitharaman announces major initiatives in Union Budget 2024 to boost nuclear energy development, promoting research and sustainable energy for India's future.
Wed, 24 Jul 2024
In a significant move to boost nuclear energy development in India, Finance Minister Nirmala Sitharaman has announced major initiatives in the Union Budget 2024. The government has proposed the establishment of Bharat Small Reactors, which will focus on research and development in small modular reactors and newer nuclear technologies.
The initiative aims to promote the growth of nuclear energy in the country, which is expected to play a crucial role in reducing India's reliance on fossil fuels and mitigating climate change. The government has also emphasized the importance of developing newer nuclear technologies to ensure a sustainable and clean source of energy for future generations.
BIG NEWS 🚨 India announces to boost NucIear Energy. HUGE Announcement in Budget.
— Times Algebra (@TimesAlgebraIND) July 24, 2024
FM Nirmala Sitharaman announces major initiatives for nucIear energy development in the Union Budget 2024.
Bharat Small Reactors will be setup to conduct research and development on small modular… pic.twitter.com/VqSLN6A6zV
The announcement is seen as a significant step towards achieving India's ambitious target of increasing its renewable energy capacity to 40% by 2030. With this initiative, India aims to not only reduce its carbon footprint but also diversify its energy mix to ensure energy security.
As the government continues to explore alternative sources of energy, the establishment of Bharat Small Reactors is expected to drive innovation and technological advancements in the nuclear sector, paving the way for a cleaner and more sustainable future for India.
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