Now govt wants FDI on nuclear energy

June 13, 2012 16:00

Keen to ramp up nuclear energy production, the government today favoured allowing foreign direct investment in the atomic power sector, a view that was
welcomed by the industry. "We should agree for FDI here (nuclear sector). We should open up," Minister of State in the PMO V Narayanasamy said addressing an International Conference on Nuclear Energy. However, he said the prevailing environment was not conducive for such a step.

"We have to go step-by-step. That is what we are doing. It should not be taken that our government is slow. Atmosphere has to be created. That is what we are doing," he said.

The government's economic reforms agenda appears to have gone on the backburner in the face of political opposition, including from key alliance partners like the Trinamool Congress.

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