With global nuclear industry going through a meltdown: Is it a cause for India to celebrate?

With global nuclear industry going through a meltdown: Is it a cause for India to celebrate?

The global nuclear industry is going through a virtual meltdown on both sides of the Atlantic Ocean.This is happening even as India is investing heavily in nuclear energy. This collapse of atomic giants offers New Delhi a new opportunity and many in the Indian atomic establishment are silently celebrating this premature death of suitors who were wooing to put tens of atomic plants in India estimated to cost at least $150 billion.“This atomic meltdown is a blessing in disguise” was how a top government official described the unfolding scenario.In addition, in these changed circumstances, if the Indian private industry plays its cards right, it could also provide an opportunity to the country to become a hub for low cost suppliers of nuclear technology. A little far-fetched but who knows how energy games get played in the future. Read more

Credits: financialexpress.com

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