According to a U.S trade representative, India is a land of opportunity for global nuclear supplier. Vijay Sazawal, a member of the U.S Civil Nuclear Trade Advisory Committee, said that “India is possibly the only nuclear market where vendors will not be asked to compete against each other to provide the lowest bid”. He also highlighted some barriers when trading in India’s nuclear sector such as the Indian legal framework under which foreign suppliers are held liable for accidents at plants found to be using their technology.
Now, India has the third highest number of nuclear reactors under construction. Indeed, seven are expected to be built by 2016. Moreover, the government of the country wants the total nuclear capacity of India to reach 35 GW by 2020.
What this means
Foreign companies should look past the initial obstacles toward the huge opportunities that exist in India’s current fleet and the new construction that is to happen. My company Amritt, has a research paper on the subject. Email usa at amritt dot com for a price and a table of contents.