On May 17th, 2020, Finance Minister Nirmala Sitharaman made some announcements as government’s fourth tranche of initiatives for Atmanirbhar Bharat and paved new goals for the startup ecosystem of India. Earlier, few sectors were out of the limits from private entities, but the Union Finance Minister announced that a significant structural change will come and it will increase participation of private entities in them.
Along with coal, defence, electricity, space and other sectors, India has opened nuclear energy space to private players. With this step, the government is now inviting private firms and startups to join the nuclear sector through Technology Development cum Incubation Centers.
While the atomic energy sector is extremely sensitive and is risky to open to private players and startups, the government has set up some reforms related to the application of atomic energy.