Local intellectual property ownership key for private nuclear power plants

India may require local ownership of intellectual property for private nuclear power plants. This is to increase atomic energy capacity. The government is working on public-private partnership framework. It includes joint venture rules for overseas companies. India aims to expand nuclear energy capacity significantly by 2047. The policy will likely stipulate majority ownership by the Indian partner.

Local intellectual property ownership key for private nuclear power plants
New Delhi: India may insist on local ownership of certain intellectual property (IP) rights as a precondition for private investors looking to set up nuclear power plants as the government seeks to increase the country's atomic energy capacity, officials working on the policy told ET. #Pahalgam Terrorist Attack India’s Rafale-M deal may turn up the heat on Pakistan China's support for Pakistan may be all talk, no action India brings grounded choppers back in action amid LoC tensions This is among the proposals that the government is considering as it works on the public-private partnership framework and joint venture rules, including those that will govern overseas companies, for private investment in nuclear power , they said.

Another person familiar with the matter said that the proposed framework may skip certain components in core tech from the provision.

To be sure, the rights referred to are for reactor design and not those that apply to the core reactor, said the people cited.

Atomic Ambitions India plans to expand nuclear energy capacity to 35-40 GW by 2035 and 100 GW by 2047 from 8 GW now to meet demand in the fastest-growing major economy and that will require private sector participation.

The country currently has 22 operating reactors, all state-run, with an installed capacity of 6,780 MW. Live Events Finance minister Nirmala Sitharaman had proposed amendments to the Atomic Energy Act and the Civil Liability for Nuclear Damage Act in the February 1 budget in order to facilitate private investment and boost atomic energy capacity.

Local joint venture companies will need to have control and ownership of the IP rights of the design of the reactors, said an official.

The policy is also likely to stipulate majority ownership by the Indian partner in the venture.

Besides, the government also plans to keep control of fuel management for security reasons and to prevent misuse.

These measures-IP rights for reactor design, majority Indian stake, and government oversight over fuel-are designed to ensure full domestic control over nuclear power plants.

The government has reached out to the private sector on the proposed framework.

It has set up committees with senior officials to finalise the changes required in the Atomic Energy Act. According to the official cited above, top Indian companies have shown interest in setting up these reactors and a handful of consulting firms have already started work on designs.

Related Fuel News

More updates you might want to read next.

Tata Motors Plans Rs 40,000 Crore FY31 Investment: Why Its EV And CNG Push Matters For Buyers

Tata Motors Passenger Vehicles is planning to invest Rs 37,500-40,000 crore over the next five years, up to FY31, as it targets a bigger production base, more models and annual sales of over 1.2 million units. ET also reported that the company wants revenue to cross Rs 6 lakh crore by FY31 with a 10 percent EBIT margin, with EVs and CNG models doing much of the heavy lifting. For buyers, the story is less about balance-sheet ambition and more about what kind of cars Tata wants to sell next.

Petrol, Diesel Rates May Ease As Cheaper Crude Arrives: What Hardeep Puri’s Signal Means For India

Union Petroleum Minister Hardeep Singh Puri says petrol and diesel rates in India may ease once recently bought cheaper crude reaches refiners, after global oil prices cooled and Brent slipped below $80 a barrel. The signal matters because India imports most of its crude, so any sustained fall can filter through to motorists, freight users and inflation. But the relief is unlikely to be immediate, because fuel prices depend on inventory cycles, logistics and how quickly oil companies pass on lower input costs.

Petrol, Diesel Rates May Ease As Cheaper Crude Arrives: What Hardeep Puri’s Signal Means For India

Union Petroleum Minister Hardeep Singh Puri says petrol and diesel rates in India may ease once recently bought cheaper crude reaches refiners, after global oil prices cooled and Brent slipped below $80 a barrel. The signal matters because India imports most of its crude, so any sustained fall can filter through to motorists, freight users and inflation. But the relief is unlikely to be immediate, because fuel prices depend on inventory cycles, logistics and how quickly oil companies pass on lower input costs.

Toyota Ebella Deliveries Begin In India: Why The ₹23.6 Lakh E3 Matters For EV Buyers

Toyota has started deliveries of the Urban Cruiser Ebella electric SUV in India, turning the model from launch headline into a real-world ownership story. The top-spec E3 is priced at Rs 23.60 lakh ex-showroom, while Toyota is also offering a Battery-as-a-Service route that lowers the entry price to Rs 15.25 lakh and charges Rs 4.99 per km for battery use. For EV buyers, this is the point where Toyota’s first mass-market electric SUV begins proving itself on the road.