From the Economic Times
NEW DELHI: Eyeing the $50 billion (approximately Rs.2,000 billion) potential seen in India's nuclear energy sector over the next 10-15 years, apex industry chambers have begun to lobby with the government to permit private sector entry in the industry, two days after a historic global decision to end the country's decades-old nuclear isolation.
"As many as 40 Indian companies have already started talks with the government to allow the private sector into nuclear power generation," Venugopal Dhoot, chairman of white goods to energy major Videocon Group, told reporters here Monday.
"This is a huge business opportunity for India as power is a booming sector that requires maximum investment in the near future," said Dhoot, the past president of the Associated Chambers of Commerce and Industry (Assocham).
He said Videocon, Tata Power and Jindal Power are among the 40 or so corporates negotiating joint ventures with their foreign counterparts for nuclear power generation. "We are already talking to the government to allow private players in this sector," Dhoot added.
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