GVK Power & Infrastructure is in talks with global majors for collaboration in nuclear power generation as per the Executive Chairman of the firm. Already Indian companies such as Reliance Power and Tatas are planning to enter into the nuclear power sector. The sector is now expected to open up in a big way with the India signing of nuclear deals with US, France and Russia.
India should hurry up with the legal and regulatory changes required to be made for application of radiation for power generation in private sector. Trained man power availability in this specialized field needs to be ensured by the concerned agencies. Any investment in nuclear power sector also should take into account the higher gestation period, of the order of 8-10 years.
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