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India set to invest $440m in nuclear energy

01 Mar 2016

India is eager to increase its investment in nuclear energy and plans to allocate $440 million annually to the sector.

On Monday, the country’s finance minister, Arun Jaitley revealed a budget for the 2016-2017 fiscal year. The government’s investment plan for nuclear energy will be executed in the next 15 to 20 years, said the minister.

Last year, India reached an agreement with Moscow where 12 nuclear power plants would be built in India over the next 20 years.

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