India increases funding of atomic research and nuclear power by 27%

The Indian government has announced an increase of almost 27% in its budget for atomic research and nuclear power for the latest fiscal year. Investment in nuclear-related public enterprises has also significantly increased.

In its budget for 2014-15, which began on 1 April, the government has allocated INR 104.5 billion ($1.7 billion) to the Department of Atomic Energy (DAE). Of this amount, INR 87.4 billion ($1455 million) is for nuclear research while the remainder is for nuclear power generation.

For nuclear power production, some INR 17.1 billion ($285 million) has been allocated. This includes INR 300 million ($5 million) for the 500 MWe prototype fast breeder reactor (FBR) under construction at Kalpakkam.

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