Union Budget 2024 | Nuclear energy will form crucial part of Viksit Bharat's energy mix: FM

Govt will partner with private firms to develop small and modular nuclear reactors and conduct research on newer technologies in India.

New Delhi: Nuclear energy is expected to form a crucial part of the energy mix of Viksit Bharat, the government said on Tuesday, and added that it will partner with private firms to develop small and modular nuclear reactors and conduct research on newer technologies.

The R&D funding announced in the interim budget will be made available for this sector also, Union Finance Minister Nirmala Sitharaman said during her Budget speech.

Track our live updates on the Union Budget here

"Nuclear energy is expected to form a very significant part of the energy mix of Viksit Bharat. Towards that pursuit, our government will partner with private firms for setting up of Bharat Small Reactors, conduct research and development on Bharat Small Modular Reactor and newer technologies for nuclear energy," she said.

Track latest reactions to the Union Budget here

Union Budget 2024 LIVE | Making a record for any Finance Minister, Nirmala Sitharaman will be presenting her 7th Union Budget on July 23, 2024 under the Modi 3.0 government. While inflation has burnt a hole in the pockets of 'aam janata', will this Budget spell relief for Indians? Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.