India cabinet approves opening of nuclear, insurance sectors for private investment, sources say

Tata Power

12/12/2025 11:14

NEW DELHI, Dec 12 (Reuters) - India's federal cabinet approved sweeping changes to the country's atomic energy laws on Friday, two government sources said, allowing private firms into nuclear power for the first time, a shift that could draw billions of dollars of investments from major conglomerates.

The cabinet also approved a bill to enable 100% foreign direct investment in the insurance sector from 74% now, the sources said.

(Reporting by Sarita Chaganti Singh and Nikunj Ohri; Editing by YP Rajesh)

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