Newsletter
The government has announced continuation to waive import tax on key equipment used in nuclear power projects until 2035. This means companies building nuclear plants can import specialised machinery and components without paying customs duty, making projects cheaper to execute.
What it means: nuclear plants need very advanced and expensive equipment, much of which still comes from abroad.
By keeping import taxes at zero, the government is reducing costs and giving long-term clarity to companies planning nuclear projects.
This is also linked to a bigger shift as India is slowly opening up the nuclear sector, which was earlier controlled only by the government, to private companies under strict safety rules.
Big picture: for the common person, this helps in two ways. First, cheaper and faster nuclear projects mean more reliable electricity in the future. Second, nuclear power is clean energy, so it supports long-term energy security without increasing pollution.
Looking ahead, India plans to sharply increase its nuclear capacity over the next two decades. Lower costs, private investment, and clear rules could speed this up, helping India meet growing power needs in a cleaner and more stable way.
