Zero Customs Duty to Transform Nuclear Energy Economics: Jitendra Singh

• Union Minister Jitendra Singh announced customs duty exemption on imported nuclear fuels and reactor components until 2035.
• This exemption aims to reduce project costs and electricity generation costs, enhancing the economic viability of nuclear power projects.
• The move is expected to accelerate nuclear energy development, especially for projects with significant import content and foreign cooperation.
• NPCIL is strengthening the domestic supply chain for 10 new 700 MW PHWR units.
• Initiatives include bulk orders, expanding vendor base, promoting indigenous equipment, and supporting MSMEs.